BJ’s Restaurants, Inc. (NASDAQ:BJRI) Expected to Post Earnings of $0.16 Per Share

Brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to report $0.16 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for BJ’s Restaurants’ earnings. The highest EPS estimate is $0.39 and the lowest is ($0.01). BJ’s Restaurants reported earnings of ($0.99) per share during the same quarter last year, which would indicate a positive year over year growth rate of 116.2%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, July 29th.

On average, analysts expect that BJ’s Restaurants will report full year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.11 to $1.10. For the next year, analysts expect that the business will post earnings of $2.36 per share, with EPS estimates ranging from $1.94 to $2.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Wednesday, April 21st. The restaurant operator reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.52. The firm had revenue of $223.31 million during the quarter, compared to the consensus estimate of $202.45 million. BJ’s Restaurants had a negative net margin of 7.60% and a negative return on equity of 16.61%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS.

BJRI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of BJ’s Restaurants from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, April 19th. Stephens cut their price target on shares of BJ’s Restaurants from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 9th. Wedbush upped their price target on shares of BJ’s Restaurants from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, April 16th. Wells Fargo & Company lowered their price objective on BJ’s Restaurants from $85.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Barclays boosted their target price on BJ’s Restaurants from $40.00 to $45.00 in a research report on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.73.

BJ’s Restaurants stock traded down $0.43 during trading on Thursday, hitting $44.54. The stock had a trading volume of 9,936 shares, compared to its average volume of 290,490. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 0.74. The company’s 50 day moving average price is $50.49. BJ’s Restaurants has a 1 year low of $18.00 and a 1 year high of $63.42. The firm has a market cap of $1.04 billion, a PE ratio of -16.94, a price-to-earnings-growth ratio of 4.79 and a beta of 2.27.

In other news, insider Brian S. Krakower sold 4,924 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $51.72, for a total transaction of $254,669.28. Following the transaction, the insider now directly owns 4,295 shares in the company, valued at approximately $222,137.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FORA Capital LLC purchased a new stake in shares of BJ’s Restaurants during the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd boosted its position in BJ’s Restaurants by 4,758.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 583 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 571 shares during the period. The PNC Financial Services Group Inc. grew its holdings in BJ’s Restaurants by 35.3% in the 1st quarter. The PNC Financial Services Group Inc. now owns 1,473 shares of the restaurant operator’s stock worth $84,000 after acquiring an additional 384 shares during the last quarter. Eaton Vance Management purchased a new position in shares of BJ’s Restaurants in the first quarter valued at about $92,000. Finally, Captrust Financial Advisors raised its stake in shares of BJ’s Restaurants by 1,182.6% during the first quarter. Captrust Financial Advisors now owns 1,988 shares of the restaurant operator’s stock valued at $115,000 after acquiring an additional 1,833 shares during 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 June 1, 2021, the company operated 212 casual dining restaurants in 29 states.

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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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