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

BJ’s Restaurants (NASDAQ:BJRI) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect BJ’s Restaurants to post earnings of $0.14 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $331.03 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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. BJ’s Restaurants has a 12 month low of $21.64 and a 12 month high of $38.76. The stock has a fifty day moving average price of $34.77 and a 200-day moving average price of $32.22. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.19. The firm has a market cap of $763.78 million, a PE ratio of 39.33, a P/E/G ratio of 1.85 and a beta of 2.12.

Insider Buying and Selling

In related 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 value of $8,598,260.00. Following the sale, the insider now directly owns 2,326,476 shares in the company, valued at approximately $82,659,692.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other BJ’s Restaurants news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.53, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alex Puchner sold 7,713 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the completion of 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 insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup raised their target price on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Barclays raised their target price on BJ’s Restaurants from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 3rd. Wedbush reiterated an “outperform” rating and set a $40.00 price objective on shares of BJ’s Restaurants in a research note on Friday, February 16th. Oppenheimer lifted their price objective 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. Finally, TheStreet upgraded BJ’s Restaurants from a “c” rating to a “b-” rating in a research note on Friday, February 16th. One equities research 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.com, the company presently has a consensus rating of “Hold” and an average target price of $37.30.

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.