Brokerages Anticipate BJ’s Restaurants, Inc. (NASDAQ:BJRI) Will Announce Quarterly Sales of $300.40 Million

Equities analysts expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to post $300.40 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $298.16 million and the highest is $304.21 million. BJ’s Restaurants reported sales of $287.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The company is expected to announce its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that BJ’s Restaurants will report full-year sales of $1.17 billion for the current financial year, with estimates ranging from $1.16 billion to $1.18 billion. For the next year, analysts forecast that the company will post sales of $1.25 billion, with estimates ranging from $1.23 billion to $1.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Thursday, April 25th. The restaurant operator reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $290.55 million during the quarter, compared to analyst estimates of $289.49 million. BJ’s Restaurants had a net margin of 4.34% and a return on equity of 15.86%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS.



A number of research firms recently weighed in on BJRI. Oppenheimer set a $11.00 price target on shares of ArQule and gave the company a “buy” rating in a report on Friday, June 14th. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Maxim Group began coverage on shares of South Jersey Industries in a report on Tuesday, April 16th. They set a “buy” rating and a $40.00 price target for the company. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, CIBC raised their price target on shares of TMAC Resources from C$5.50 to C$6.00 in a report on Friday, June 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $60.92.

BJRI traded down $0.06 during trading hours on Friday, reaching $41.98. 592,073 shares of the stock traded hands, compared to its average volume of 480,354. The business’s fifty day moving average price is $43.02. The firm has a market cap of $870.25 million, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89. BJ’s Restaurants has a fifty-two week low of $40.49 and a fifty-two week high of $76.50. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 1.66.

A number of hedge funds have recently made changes to their positions in BJRI. BlackRock Inc. increased its position in shares of BJ’s Restaurants by 3.1% in the fourth quarter. BlackRock Inc. now owns 3,211,854 shares of the restaurant operator’s stock worth $162,424,000 after acquiring an additional 96,466 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of BJ’s Restaurants by 67.5% in the first quarter. Neuberger Berman Group LLC now owns 717,915 shares of the restaurant operator’s stock worth $33,943,000 after acquiring an additional 289,372 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its position in shares of BJ’s Restaurants by 0.5% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 628,789 shares of the restaurant operator’s stock worth $29,729,000 after acquiring an additional 3,144 shares in the last quarter. Marshall Wace LLP increased its position in shares of BJ’s Restaurants by 141.1% in the first quarter. Marshall Wace LLP now owns 566,293 shares of the restaurant operator’s stock worth $26,774,000 after acquiring an additional 331,443 shares in the last quarter. Finally, FMR LLC increased its position in shares of BJ’s Restaurants by 16.2% in the first quarter. FMR LLC now owns 488,738 shares of the restaurant operator’s stock worth $23,107,000 after acquiring an additional 68,138 shares in the last quarter.

About BJ’s Restaurants

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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, 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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