FY2016 EPS Estimates for BJ’s Restaurants Inc. (BJRI) Decreased by Analyst

BJ’s Restaurants Inc. (NASDAQ:BJRI) – Analysts at William Blair dropped their FY2016 earnings per share estimates for BJ’s Restaurants in a research note issued to investors on Tuesday. William Blair analyst S. Zackfia now anticipates that the brokerage will post earnings of $1.78 per share for the year, down from their previous estimate of $1.96. William Blair also issued estimates for BJ’s Restaurants’ Q4 2016 earnings at $0.49 EPS.

A number of other analysts have also recently commented on BJRI. Zacks Investment Research cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Jefferies Group lowered their price target on BJ’s Restaurants from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, April 22nd. Robert W. Baird reaffirmed a “hold” rating on shares of BJ’s Restaurants in a research report on Monday, May 16th. Tigress Financial raised BJ’s Restaurants from a “neutral” rating to a “buy” rating in a research report on Thursday, June 23rd. Finally, Stifel Nicolaus cut BJ’s Restaurants from a “buy” rating to a “sell” rating and lowered their price target for the stock from $52.00 to $35.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.33.

BJ’s Restaurants (NASDAQ:BJRI) traded up 1.275% during mid-day trading on Thursday, hitting $39.325. The company had a trading volume of 393,939 shares. BJ’s Restaurants has a 12 month low of $38.29 and a 12 month high of $52.37. The company has a 50-day moving average price of $44.55 and a 200 day moving average price of $43.61. The firm has a market capitalization of $947.73 million and a P/E ratio of 20.397.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Tuesday, July 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. During the same period in the prior year, the company earned $0.47 EPS. The company earned $250.30 million during the quarter, compared to analysts’ expectations of $253.23 million. The company’s quarterly revenue was up 7.9% compared to the same quarter last year.

In related news, insider Brian S. Krakower sold 702 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $44.82, for a total value of $31,463.64. Following the completion of the transaction, the insider now owns 3,408 shares of the company’s stock, valued at approximately $152,746.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BJ’s Restaurants, Inc owns and operates restaurants. The Company’s restaurants are operated as a BJ’s Restaurant & Brewery, a BJ’s Restaurant & Brewhouse, a BJ’s Pizza & Grill and a BJ’s Grill restaurant. Its menu features deep-dish pizza, craft beers and other beers, as well as a selection of appetizers, entrees, pastas, sandwiches, specialty salads and desserts, including its Pizookie dessert.