Analysts Anticipate BJ’s Restaurants, Inc. (NASDAQ:BJRI) Will Announce Quarterly Sales of $284.71 Million

Equities analysts expect that BJ’s Restaurants, Inc. (NASDAQ:BJRI) will announce sales of $284.71 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for BJ’s Restaurants’ earnings. The lowest sales estimate is $271.90 million and the highest is $293.00 million. BJ’s Restaurants posted sales of $128.02 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 122.4%. The firm is expected to issue its next quarterly earnings results 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 fiscal year, with estimates ranging from $1.06 billion to $1.12 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.27 billion, with estimates ranging from $1.22 billion to $1.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for BJ’s Restaurants.

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

A number of equities research analysts recently commented on BJRI shares. Barclays lifted their price objective on BJ’s Restaurants from $40.00 to $45.00 in a research note on Friday, April 23rd. TheStreet raised BJ’s Restaurants from a “d+” rating to a “c-” rating in a research note on Thursday, April 22nd. Stephens decreased their target price on BJ’s Restaurants from $70.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, June 9th. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research note on Monday, June 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BJ’s Restaurants from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, April 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.73.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in BJRI. State of Alaska Department of Revenue raised its stake in BJ’s Restaurants by 2.6% during the second quarter. State of Alaska Department of Revenue now owns 16,097 shares of the restaurant operator’s stock worth $791,000 after acquiring an additional 409 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of BJ’s Restaurants by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 180,032 shares of the restaurant operator’s stock valued at $10,456,000 after acquiring an additional 7,417 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of BJ’s Restaurants by 80.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,581 shares of the restaurant operator’s stock valued at $2,008,000 after acquiring an additional 15,375 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of BJ’s Restaurants during the 1st quarter valued at $375,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in BJ’s Restaurants during the 1st quarter worth $207,000.

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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