Q3 2019 EPS Estimates for BJ’s Restaurants, Inc. (NASDAQ:BJRI) Cut by Oppenheimer

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at Oppenheimer cut their Q3 2019 earnings estimates for BJ’s Restaurants in a note issued to investors on Friday, October 18th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $0.09 for the quarter, down from their previous forecast of $0.16. Oppenheimer has a “Outperform” rating and a $50.00 price objective on the stock. Oppenheimer also issued estimates for BJ’s Restaurants’ Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.28 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $301.09 million for the quarter, compared to analysts’ expectations of $300.35 million. BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of BJ’s Restaurants from a “b-” rating to a “c+” rating in a research report on Thursday, October 10th. Loop Capital lowered their target price on shares of BJ’s Restaurants from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Deutsche Bank assumed coverage on shares of BJ’s Restaurants in a research report on Friday, June 28th. They set a “buy” rating and a $51.00 target price on the stock. Robert W. Baird lowered their target price on shares of BJ’s Restaurants from $53.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, Wedbush lowered their target price on shares of BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. BJ’s Restaurants currently has an average rating of “Hold” and a consensus price target of $49.00.

Shares of BJRI opened at $36.01 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 1.68. The firm has a market cap of $715.73 million, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88. The company’s 50 day simple moving average is $36.79 and its 200-day simple moving average is $41.46. BJ’s Restaurants has a 12-month low of $32.62 and a 12-month high of $70.07.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new stake in BJ’s Restaurants in the second quarter valued at $135,000. Quantitative Systematic Strategies LLC acquired a new stake in BJ’s Restaurants in the second quarter valued at $203,000. Campbell & CO Investment Adviser LLC acquired a new stake in BJ’s Restaurants in the third quarter valued at $210,000. Menta Capital LLC acquired a new stake in BJ’s Restaurants in the second quarter valued at $268,000. Finally, Fox Run Management L.L.C. acquired a new stake in BJ’s Restaurants in the second quarter valued at $272,000.

In related news, CEO Greg Trojan purchased 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $32.92 per share, with a total value of $474,048.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald W. Deitchle purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $33.81 per share, with a total value of $101,430.00. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

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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