BJ’s Restaurants, Inc. (NASDAQ:BJRI) Expected to Announce Earnings of $0.16 Per Share

Equities research analysts expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for BJ’s Restaurants’ earnings, with estimates ranging from ($0.01) to $0.39. BJ’s Restaurants posted earnings of ($0.99) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 116.2%. The firm is scheduled to report its next earnings report after the market closes on Thursday, July 29th.

On average, analysts expect that BJ’s Restaurants will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.11 to $1.10. For the next year, analysts anticipate that the firm will post earnings of $2.36 per share, with EPS estimates ranging from $1.94 to $2.90. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Wednesday, April 21st. The restaurant operator reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.52. BJ’s Restaurants had a negative return on equity of 16.61% and a negative net margin of 7.60%. The business had revenue of $223.31 million during the quarter, compared to analyst estimates of $202.45 million. During the same period last year, the company earned ($0.22) earnings per share. BJ’s Restaurants’s quarterly revenue was down 12.3% compared to the same quarter last year.

Several analysts recently issued reports on BJRI shares. TheStreet upgraded BJ’s Restaurants from a “d+” rating to a “c-” rating in a report on Thursday, April 22nd. Stephens cut their price objective on BJ’s Restaurants from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 9th. Wells Fargo & Company cut their price objective on BJ’s Restaurants from $85.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley raised their target price on BJ’s Restaurants from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Finally, Zacks Investment Research lowered BJ’s Restaurants from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Monday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.73.

In related news, insider Brian S. Krakower sold 4,924 shares of BJ’s Restaurants stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $51.72, for a total transaction of $254,669.28. Following the sale, the insider now directly owns 4,295 shares of the company’s stock, valued at $222,137.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. FORA Capital LLC acquired a new stake in BJ’s Restaurants during the first quarter worth about $33,000. Point72 Hong Kong Ltd boosted its holdings in BJ’s Restaurants by 4,758.3% during the first quarter. Point72 Hong Kong Ltd now owns 583 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 571 shares in the last quarter. The PNC Financial Services Group Inc. raised its stake in shares of BJ’s Restaurants by 35.3% in the first quarter. The PNC Financial Services Group Inc. now owns 1,473 shares of the restaurant operator’s stock valued at $84,000 after acquiring an additional 384 shares during the last quarter. Eaton Vance Management bought a new position in shares of BJ’s Restaurants in the first quarter valued at approximately $92,000. Finally, Captrust Financial Advisors raised its stake in shares of BJ’s Restaurants by 1,182.6% in the first quarter. Captrust Financial Advisors now owns 1,988 shares of the restaurant operator’s stock valued at $115,000 after acquiring an additional 1,833 shares during the last quarter.

Shares of NASDAQ:BJRI traded down $0.43 during midday trading on Thursday, hitting $44.54. 9,936 shares of the stock were exchanged, compared to its average volume of 290,490. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.36. BJ’s Restaurants has a 52-week low of $18.00 and a 52-week high of $63.42. The stock’s fifty day moving average is $50.49. The company has a market cap of $1.04 billion, a P/E ratio of -16.94, a PEG ratio of 4.79 and a beta of 2.27.

BJ’s Restaurants Company Profile

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 June 1, 2021, the company operated 212 casual dining restaurants in 29 states.

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

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