BJ’s Restaurants (BJRI) Set to Announce Earnings on Thursday

BJ’s Restaurants (NASDAQ:BJRI) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect BJ’s Restaurants to post earnings of $0.14 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The company had revenue of $323.64 million for the quarter, compared to analyst estimates of $331.03 million. During the same quarter in the prior year, the business posted $0.17 EPS. BJ’s Restaurants’s quarterly 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 Stock Performance

Shares of BJRI opened at $32.64 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $34.77 and its 200-day moving average is $32.22. The firm has a market cap of $763.78 million, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 1.85 and a beta of 2.12. BJ’s Restaurants has a 12 month low of $21.64 and a 12 month high of $38.76.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, VP Alex Puchner sold 7,713 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the completion of the sale, the insider now owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alex Puchner sold 7,713 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now directly owns 12,222 shares of the company’s stock, valued at approximately $467,491.50. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

BJ’s Restaurants Company Profile

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.