Analysts expect BJ’s Restaurants, Inc. (NASDAQ:BJRI) to announce earnings of $0.44 per share for the current quarter, Zacks reports. Eight analysts have issued estimates for BJ’s Restaurants’ earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.41. BJ’s Restaurants reported earnings per share of $0.49 in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The company is expected to report its next earnings results after the market closes on Thursday, February 20th.
On average, analysts expect that BJ’s Restaurants will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.88 to $1.93. For the next year, analysts forecast that the firm will post earnings of $2.00 per share, with EPS estimates ranging from $1.80 to $2.15. Zacks’ EPS averages are a mean average based on a survey of analysts that follow BJ’s Restaurants.
A number of equities analysts have issued reports on BJRI shares. Deutsche Bank cut BJ’s Restaurants from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Monday, October 28th. Maxim Group set a $52.00 price target on BJ’s Restaurants and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley increased their price target on shares of BJ’s Restaurants from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. CL King started coverage on shares of BJ’s Restaurants in a research note on Monday, December 16th. They set a “buy” rating and a $46.00 price objective on the stock. Finally, Guggenheim set a $47.00 price objective on shares of BJ’s Restaurants and gave the company a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.19.
A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in BJ’s Restaurants during the 3rd quarter worth about $80,000. Quantum Capital Management bought a new position in shares of BJ’s Restaurants in the 3rd quarter valued at about $82,000. PNC Financial Services Group Inc. increased its position in shares of BJ’s Restaurants by 342.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,818 shares of the restaurant operator’s stock valued at $144,000 after acquiring an additional 2,956 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of BJ’s Restaurants in the third quarter valued at about $210,000. Finally, Aigen Investment Management LP bought a new stake in BJ’s Restaurants during the fourth quarter worth about $268,000. 98.42% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:BJRI traded up $1.01 during mid-day trading on Friday, hitting $42.07. The company had a trading volume of 345,938 shares. BJ’s Restaurants has a fifty-two week low of $32.62 and a fifty-two week high of $54.08. The business’s fifty day moving average is $39.74 and its two-hundred day moving average is $38.41.
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. As of April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.
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