BJ’s Restaurants (BJRI) Scheduled to Post Earnings on Thursday

BJ’s Restaurants (NASDAQ:BJRI) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. BJ’s Restaurants had a return on equity of 5.45% and a net margin of 1.47%. The firm had revenue of $323.64 million for the quarter, compared to analyst estimates of $331.03 million. During the same quarter last year, the company earned $0.17 EPS. The company’s revenue was down 6.0% on a year-over-year basis. On average, analysts expect BJ’s Restaurants to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BJ’s Restaurants Price Performance

BJ’s Restaurants stock opened at $33.19 on Tuesday. The stock’s fifty day moving average price is $34.60 and its two-hundred day moving average price is $32.50. BJ’s Restaurants has a one year low of $21.64 and a one year high of $38.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.42 and a quick ratio of 0.35. The firm has a market cap of $776.65 million, a PE ratio of 39.99, a price-to-earnings-growth ratio of 1.96 and a beta of 2.12.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BJRI shares. TheStreet upgraded BJ’s Restaurants from a “c” rating to a “b-” rating in a research note on Friday, February 16th. Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of BJ’s Restaurants in a research note on Friday, February 16th. Oppenheimer lifted their price target on BJ’s Restaurants from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Wedbush reiterated an “outperform” rating and issued a $40.00 price target on shares of BJ’s Restaurants in a research note on Friday, February 16th. Finally, Citigroup lifted their price target on BJ’s Restaurants from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.30.

Insider Activity at BJ’s Restaurants

In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the sale, the insider now owns 2,326,476 shares of the company’s stock, valued at approximately $82,659,692.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BJ’s Restaurants news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of BJ’s Restaurants stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the transaction, the insider now directly owns 2,326,476 shares of the company’s stock, valued at approximately $82,659,692.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Alex Puchner sold 7,713 shares of BJ’s Restaurants stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $38.25, for a total value of $295,022.25. Following the transaction, the vice president now directly owns 12,222 shares in the company, valued at $467,491.50. The disclosure for this sale can be found here. 4.20% of the stock is currently 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.