Brokerages Anticipate BJ’s Restaurants, Inc. (BJRI) to Announce $0.49 EPS

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Equities research analysts predict that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will post earnings per share of $0.49 for the current quarter, Zacks reports. Eight analysts have provided estimates for BJ’s Restaurants’ earnings, with estimates ranging from $0.47 to $0.53. BJ’s Restaurants reported earnings per share of $0.37 in the same quarter last year, which suggests a positive year over year growth rate of 32.4%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 21st.

According to Zacks, analysts expect that BJ’s Restaurants will report full year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.40. For the next year, analysts anticipate that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.29 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover BJ’s Restaurants.

A number of equities research analysts have recently issued reports on BJRI shares. Maxim Group restated a “buy” rating and issued a $81.00 price target on shares of BJ’s Restaurants in a research report on Wednesday, October 24th. Loop Capital began coverage on BJ’s Restaurants in a research report on Wednesday, October 24th. They issued a “hold” rating and a $70.00 price objective for the company. Stifel Nicolaus lowered BJ’s Restaurants from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $70.00 in a research report on Tuesday, October 23rd. BidaskClub lowered BJ’s Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, Wedbush reiterated a “buy” rating and issued a $75.00 price objective on shares of BJ’s Restaurants in a research report on Monday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.83.

BJRI stock opened at $51.81 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.12 billion, a PE ratio of 36.74, a P/E/G ratio of 1.50 and a beta of 0.81. BJ’s Restaurants has a 1 year low of $36.15 and a 1 year high of $76.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in BJ’s Restaurants by 16.5% during the 2nd quarter. Bank of America Corp DE now owns 145,421 shares of the restaurant operator’s stock worth $8,725,000 after purchasing an additional 20,595 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BJ’s Restaurants by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 299,165 shares of the restaurant operator’s stock valued at $17,949,000 after purchasing an additional 22,738 shares in the last quarter. Northern Trust Corp raised its stake in shares of BJ’s Restaurants by 3.9% in the 2nd quarter. Northern Trust Corp now owns 266,761 shares of the restaurant operator’s stock valued at $16,005,000 after purchasing an additional 10,082 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at about $287,000. Finally, State of Alaska Department of Revenue raised its stake in shares of BJ’s Restaurants by 15.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,805 shares of the restaurant operator’s stock valued at $491,000 after purchasing an additional 888 shares in the last quarter.

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 November 20, 2018, the company owned and operated 202 casual dining restaurants located in the 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, Rhode Island, Pennsylvania, 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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