BJ's Restaurants, Inc. (NASDAQ:BJRI) – Research analysts at Oppenheimer dropped their Q3 2018 earnings per share estimates for shares of BJ's Restaurants in a research report issued on Friday. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.21. Oppenheimer also issued estimates for BJ's Restaurants’ Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.84 EPS and FY2019 earnings at $2.06 EPS.
BJ's Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The business had revenue of $261.10 million for the quarter, compared to analysts’ expectations of $259.34 million. BJ's Restaurants had a return on equity of 12.07% and a net margin of 4.34%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS.
BJ's Restaurants (NASDAQ BJRI) opened at $43.65 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $900.65, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.66 and a beta of 1.02. BJ's Restaurants has a 1-year low of $28.00 and a 1-year high of $47.55.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th will be given a $0.11 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. BJ's Restaurants’s dividend payout ratio (DPR) is presently 5.26%.
In related news, Director Patrick Walsh sold 120,000 shares of BJ's Restaurants stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $35.43, for a total transaction of $4,251,600.00. Following the completion of the sale, the director now owns 19,844 shares of the company’s stock, valued at $703,072.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory Levin sold 7,209 shares of BJ's Restaurants stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $34.01, for a total value of $245,178.09. Following the sale, the chief financial officer now directly owns 45,672 shares of the company’s stock, valued at approximately $1,553,304.72. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BJRI. Victory Capital Management Inc. boosted its position in BJ's Restaurants by 41.5% during the third quarter. Victory Capital Management Inc. now owns 6,214 shares of the restaurant operator’s stock valued at $189,000 after purchasing an additional 1,823 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in BJ's Restaurants by 59.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 7,020 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 2,620 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in BJ's Restaurants during the fourth quarter valued at $230,000. Stone Ridge Asset Management LLC acquired a new stake in BJ's Restaurants during the fourth quarter valued at $255,000. Finally, Macquarie Group Ltd. acquired a new stake in BJ's Restaurants during the third quarter valued at $292,000. 92.18% of the stock is owned by hedge funds and other institutional investors.
BJ's Restaurants Company Profile
BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.
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