Brokerages expect that BJ's Restaurants, Inc. (NASDAQ:BJRI) will report earnings per share of $0.33 for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for BJ's Restaurants’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. BJ's Restaurants reported earnings per share of $0.55 during the same quarter last year, which suggests a negative year-over-year growth rate of 40%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BJ's Restaurants will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.42. For the next fiscal year, analysts anticipate that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.45 to $1.84. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover BJ's Restaurants.

A number of equities research analysts have issued reports on BJRI shares. Barclays reaffirmed an “underweight” rating and set a $30.00 target price (up previously from $27.00) on shares of BJ's Restaurants in a research report on Tuesday, January 16th. Stifel Nicolaus raised BJ's Restaurants from a “hold” rating to a “buy” rating and upped their target price for the stock from $32.00 to $44.00 in a research report on Wednesday, January 3rd. Zacks Investment Research cut BJ's Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Canaccord Genuity decreased their target price on BJ's Restaurants from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Finally, Wells Fargo & Co cut their price target on BJ's Restaurants from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.44.

Shares of BJ's Restaurants (NASDAQ BJRI) traded up $0.50 during trading on Wednesday, reaching $36.90. The company’s stock had a trading volume of 457,815 shares, compared to its average volume of 255,891. The company has a market capitalization of $751.05, a PE ratio of 24.28, a P/E/G ratio of 1.43 and a beta of 1.02. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.79. BJ's Restaurants has a 52-week low of $28.00 and a 52-week high of $47.55.

In other news, VP Lon Ledwith sold 4,707 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $31.80, for a total transaction of $149,682.60. Following the completion of the transaction, the vice president now directly owns 11,867 shares in the company, valued at $377,370.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick Walsh sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $35.43, for a total value of $4,251,600.00. Following the transaction, the director now owns 19,844 shares of the company’s stock, valued at $703,072.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,717 shares of company stock valued at $4,673,751. Corporate insiders own 6.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of BJ's Restaurants by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 17,086 shares of the restaurant operator’s stock worth $636,000 after buying an additional 208 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BJ's Restaurants by 2.5% in the second quarter. JPMorgan Chase & Co. now owns 16,533 shares of the restaurant operator’s stock valued at $615,000 after purchasing an additional 401 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of BJ's Restaurants by 5.3% in the second quarter. Thrivent Financial For Lutherans now owns 10,790 shares of the restaurant operator’s stock valued at $402,000 after purchasing an additional 540 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of BJ's Restaurants by 2.6% in the second quarter. California Public Employees Retirement System now owns 32,100 shares of the restaurant operator’s stock valued at $1,196,000 after purchasing an additional 800 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of BJ's Restaurants by 12.7% in the second quarter. Voya Investment Management LLC now owns 9,601 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 1,084 shares in the last quarter. Institutional investors own 93.05% of the company’s stock.

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About BJ's Restaurants

BJ’s Restaurants, Inc owns and operates restaurants. The Company segment includes casual dining company-owned restaurants. Each of its restaurants is operated either as a BJ’s Restaurant & Brewhouse, a BJ’s Restaurant & Brewery, a BJ’s Pizza & Grill or a BJ’s Grill restaurant. The Company’s restaurants offer craft beers and other beers, as well as a selection of appetizers, entrees, pastas, burgers and sandwiches, specialty salads, and desserts, including its warm pizza cookie dessert, the Pizookie.

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