BJ’s Restaurants Inc. (NASDAQ:BJRI) – Investment analysts at William Blair dropped their FY2017 earnings per share estimates for BJ’s Restaurants in a report released on Tuesday. William Blair analyst S. Zackfia now expects that the firm will post earnings of $2.13 per share for the year, down from their previous forecast of $2.17.
BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Tuesday, July 26th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. BJ’s Restaurants had a net margin of 5.09% and a return on equity of 14.58%. The business had revenue of $250.30 million for the quarter, compared to the consensus estimate of $253.23 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis.
BJRI has been the subject of a number of other reports. Zacks Investment Research upgraded BJ’s Restaurants from a “strong sell” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, September 27th. Wedbush lowered BJ’s Restaurants from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $47.00 to $40.00 in a report on Friday, September 9th. Robert W. Baird restated a “neutral” rating on shares of BJ’s Restaurants in a report on Thursday, September 8th. Tigress Financial upgraded BJ’s Restaurants from a “neutral” rating to a “buy” rating in a report on Thursday, June 23rd. Finally, Stifel Nicolaus lowered BJ’s Restaurants from a “buy” rating to a “sell” rating and decreased their price target for the company from $52.00 to $35.00 in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. BJ’s Restaurants presently has a consensus rating of “Hold” and an average price target of $40.67.
Shares of BJ’s Restaurants (NASDAQ:BJRI) traded up 0.96% during mid-day trading on Wednesday, hitting $35.76. 749,912 shares of the stock were exchanged. BJ’s Restaurants has a 12 month low of $34.41 and a 12 month high of $47.95. The stock’s 50 day moving average is $37.00 and its 200 day moving average is $41.67. The firm has a market cap of $864.43 million, a P/E ratio of 18.55 and a beta of 1.17.
Several institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in BJ’s Restaurants by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 542,290 shares of the company’s stock worth $22,543,000 after buying an additional 10,377 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in BJ’s Restaurants during the first quarter worth about $1,180,000. GW&K Investment Management LLC increased its position in BJ’s Restaurants by 241.4% in the second quarter. GW&K Investment Management LLC now owns 304,722 shares of the company’s stock worth $13,356,000 after buying an additional 215,477 shares during the last quarter. Spark Investment Management LLC purchased a new position in BJ’s Restaurants during the first quarter worth about $927,000. Finally, M&T Bank Corp increased its position in BJ’s Restaurants by 1.2% in the first quarter. M&T Bank Corp now owns 9,203 shares of the company’s stock worth $382,000 after buying an additional 110 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Luxor Capital Group, Lp sold 37,000 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $35.74, for a total transaction of $1,322,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alex Puchner sold 10,319 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $40.67, for a total value of $419,673.73. Following the transaction, the insider now directly owns 2,602 shares in the company, valued at approximately $105,823.34. The disclosure for this sale can be found here. 7.10% of the stock is owned by company insiders.
About BJ’s Restaurants
BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.
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