$284.71 Million in Sales Expected for BJ’s Restaurants, Inc. (NASDAQ:BJRI) This Quarter

Wall Street analysts expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce sales of $284.71 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $271.90 million and the highest is $293.00 million. BJ’s Restaurants reported sales of $128.02 million during the same quarter last year, which indicates a positive year over year growth rate of 122.4%. The company is expected to announce its next earnings report after the market closes on Thursday, July 29th.

According to Zacks, analysts expect that BJ’s Restaurants will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $1.06 billion to $1.12 billion. For the next financial year, analysts expect that the business will post sales of $1.27 billion, with estimates ranging from $1.22 billion to $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for BJ’s Restaurants.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Wednesday, April 21st. The restaurant operator reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.52. The firm had revenue of $223.31 million for the quarter, compared to analysts’ expectations of $202.45 million. BJ’s Restaurants had a negative return on equity of 16.61% and a negative net margin of 7.60%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) earnings per share.

BJRI has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of BJ’s Restaurants from $85.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on BJ’s Restaurants from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, April 19th. Morgan Stanley boosted their price objective on BJ’s Restaurants from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Stephens lowered their target price on BJ’s Restaurants from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, June 9th. Finally, Zacks Investment Research lowered BJ’s Restaurants from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research note on Monday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.73.

In other BJ’s Restaurants news, insider Brian S. Krakower sold 4,924 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $51.72, for a total transaction of $254,669.28. Following the completion of the sale, the insider now directly owns 4,295 shares in the company, valued at approximately $222,137.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in BJRI. Price T Rowe Associates Inc. MD lifted its position in shares of BJ’s Restaurants by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,057,745 shares of the restaurant operator’s stock valued at $235,674,000 after acquiring an additional 235,325 shares during the period. BlackRock Inc. raised its stake in BJ’s Restaurants by 7.5% during the 1st quarter. BlackRock Inc. now owns 3,691,645 shares of the restaurant operator’s stock worth $214,411,000 after buying an additional 257,522 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in BJ’s Restaurants in the first quarter worth approximately $39,907,000. Morgan Stanley grew its stake in BJ’s Restaurants by 163.7% in the fourth quarter. Morgan Stanley now owns 507,734 shares of the restaurant operator’s stock valued at $19,544,000 after acquiring an additional 315,211 shares during the period. Finally, FMR LLC increased its holdings in shares of BJ’s Restaurants by 16.2% during the first quarter. FMR LLC now owns 488,738 shares of the restaurant operator’s stock valued at $23,107,000 after acquiring an additional 68,138 shares in the last quarter.

Shares of BJRI traded down $0.43 during mid-day trading on Friday, reaching $44.54. The company had a trading volume of 9,936 shares, compared to its average volume of 290,490. The company has a market cap of $1.04 billion, a P/E ratio of -16.94, a price-to-earnings-growth ratio of 4.79 and a beta of 2.27. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $50.49. BJ’s Restaurants has a 1-year low of $18.00 and a 1-year high of $63.42.

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 June 1, 2021, the company operated 212 casual dining restaurants in 29 states.

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Earnings History and Estimates for BJ`s Restaurants (NASDAQ:BJRI)

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