$327.93 Million in Sales Expected for BJ’s Restaurants, Inc. (NASDAQ:BJRI) This Quarter

Wall Street brokerages expect BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) to post $327.93 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for BJ’s Restaurants’ earnings. The highest sales estimate is $330.46 million and the lowest is $326.30 million. BJ’s Restaurants reported sales of $290.28 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that BJ’s Restaurants will report full-year sales of $1.28 billion for the current year, with estimates ranging from $1.26 billion to $1.29 billion. For the next financial year, analysts forecast that the company will report sales of $1.35 billion, with estimates ranging from $1.32 billion to $1.36 billion. Zacks Investment Research’s 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 – Get Rating) last announced its earnings results on Thursday, April 21st. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.32. BJ’s Restaurants had a return on equity of 0.07% and a net margin of 0.09%. The firm had revenue of $298.70 million during the quarter, compared to analyst estimates of $297.22 million. During the same period last year, the firm posted ($0.14) EPS. The business’s revenue was up 33.8% compared to the same quarter last year.

Several equities research analysts have recently issued reports on BJRI shares. StockNews.com started coverage on BJ’s Restaurants in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised BJ’s Restaurants from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research report on Tuesday, March 22nd. Piper Sandler decreased their price objective on BJ’s Restaurants from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 18th. Wedbush lifted their price objective on BJ’s Restaurants from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, April 22nd. Finally, Citigroup assumed coverage on BJ’s Restaurants in a report on Tuesday, April 12th. They issued a “neutral” rating and a $29.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $41.08.

In other news, insider Brian S. Krakower sold 1,000 shares of BJ’s Restaurants stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $29.42, for a total transaction of $29,420.00. Following the completion of the sale, the insider now owns 4,677 shares in the company, valued at approximately $137,597.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BJRI. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BJ’s Restaurants by 56.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,070 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 385 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of BJ’s Restaurants by 2.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 21,737 shares of the restaurant operator’s stock valued at $908,000 after purchasing an additional 430 shares during the last quarter. Phocas Financial Corp. grew its holdings in shares of BJ’s Restaurants by 0.6% during the 3rd quarter. Phocas Financial Corp. now owns 85,271 shares of the restaurant operator’s stock valued at $3,561,000 after purchasing an additional 484 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of BJ’s Restaurants by 0.9% during the 4th quarter. Bank of America Corp DE now owns 67,594 shares of the restaurant operator’s stock valued at $2,335,000 after purchasing an additional 601 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of BJ’s Restaurants by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 31,828 shares of the restaurant operator’s stock valued at $1,100,000 after purchasing an additional 704 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Shares of BJ’s Restaurants stock traded up $0.55 during trading hours on Wednesday, hitting $25.68. 276,909 shares of the company’s stock traded hands, compared to its average volume of 400,569. BJ’s Restaurants has a 12-month low of $23.42 and a 12-month high of $57.41. The stock has a market capitalization of $601.94 million, a price-to-earnings ratio of 856.29, a PEG ratio of 3.16 and a beta of 1.93. The company has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $31.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.40 and a quick ratio of 0.33.

BJ’s Restaurants Company Profile (Get Rating)

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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