Brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to announce earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for BJ’s Restaurants’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.70. BJ’s Restaurants reported earnings of $0.79 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.6%. The firm is expected to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that BJ’s Restaurants will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.45. For the next fiscal year, analysts forecast that the firm will report earnings of $2.52 per share, with EPS estimates ranging from $2.31 to $2.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The company had revenue of $290.55 million during the quarter, compared to analysts’ expectations of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS.

Several equities research analysts have recently commented on the stock. BidaskClub cut shares of BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, May 30th. Zacks Investment Research cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Wedbush reaffirmed a “buy” rating and issued a $60.00 target price on shares of BJ’s Restaurants in a research report on Thursday, June 6th. Maxim Group reaffirmed a “buy” rating and issued a $72.00 target price on shares of BJ’s Restaurants in a research report on Tuesday, April 16th. Finally, CIBC raised shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.75.

BJRI traded up $0.93 during trading on Tuesday, hitting $42.37. 898,912 shares of the stock traded hands, compared to its average volume of 455,087. The stock has a market capitalization of $878.50 million, a P/E ratio of 18.50, a PEG ratio of 1.30 and a beta of 0.92. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 1.66. BJ’s Restaurants has a 12-month low of $40.64 and a 12-month high of $76.50.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were paid a $0.12 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. BJ’s Restaurants’s payout ratio is 20.43%.

Several institutional investors have recently modified their holdings of BJRI. Robeco Institutional Asset Management B.V. increased its stake in shares of BJ’s Restaurants by 296.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 563,119 shares of the restaurant operator’s stock worth $28,447,000 after acquiring an additional 420,991 shares in the last quarter. FMR LLC bought a new position in shares of BJ’s Restaurants in the 4th quarter worth about $21,270,000. Norges Bank bought a new position in shares of BJ’s Restaurants in the 4th quarter worth about $20,275,000. Marshall Wace LLP increased its stake in shares of BJ’s Restaurants by 141.1% in the 1st quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after acquiring an additional 331,443 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of BJ’s Restaurants by 67.5% in the 1st quarter. Neuberger Berman Group LLC now owns 717,915 shares of the restaurant operator’s stock worth $33,943,000 after acquiring an additional 289,372 shares in the last quarter.

About BJ’s Restaurants

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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