Oppenheimer Weighs in on BJ’s Restaurants, Inc.’s Q4 2018 Earnings (BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Oppenheimer lowered their Q4 2018 EPS estimates for shares of BJ’s Restaurants in a report issued on Wednesday, January 9th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will earn $0.49 per share for the quarter, down from their previous estimate of $0.50.

Other research analysts have also issued reports about the company. Maxim Group reissued a “buy” rating and issued a $81.00 price target on shares of BJ’s Restaurants in a research report on Wednesday, October 24th. Zacks Investment Research raised BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Friday. BidaskClub lowered BJ’s Restaurants from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. Wedbush reissued a “buy” rating and issued a $75.00 price target on shares of BJ’s Restaurants in a research report on Monday, December 10th. Finally, Stifel Nicolaus raised BJ’s Restaurants from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.00.



BJRI opened at $55.85 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of 39.54, a P/E/G ratio of 1.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.49 and a quick ratio of 0.41. BJ’s Restaurants has a 12 month low of $35.51 and a 12 month high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.16. The firm had revenue of $270.27 million during the quarter, compared to analyst estimates of $262.89 million. BJ’s Restaurants had a return on equity of 16.70% and a net margin of 5.80%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS.

In related news, VP Kendra D. Miller sold 11,524 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $66.17, for a total transaction of $762,543.08. Following the transaction, the vice president now directly owns 8,909 shares in the company, valued at approximately $589,508.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kendra D. Miller sold 4,899 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $65.25, for a total value of $319,659.75. Following the transaction, the vice president now owns 8,909 shares in the company, valued at $581,312.25. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in BJRI. PNC Financial Services Group Inc. grew its stake in BJ’s Restaurants by 113.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the restaurant operator’s stock worth $131,000 after buying an additional 963 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in BJ’s Restaurants during the 3rd quarter valued at about $203,000. First Capital Advisors Group LLC. purchased a new stake in BJ’s Restaurants during the 3rd quarter valued at about $231,000. SG Americas Securities LLC purchased a new stake in BJ’s Restaurants during the 2nd quarter valued at about $250,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in BJ’s Restaurants during the 3rd quarter valued at about $261,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

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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