BJ's Restaurants Company Profile (NASDAQ:BJRI)

BJ's Restaurants trades on the NASDAQ under the ticker symbol "BJRI."

BJ's Restaurants announced that its board has initiated a stock buyback program on Sunday, June 4th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

BJ's Restaurants, Inc. (NASDAQ:BJRI) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.02. The firm had revenue of $265.80 million for the quarter, compared to analysts' expectations of $269.48 million. BJ's Restaurants had a return on equity of 14.51% and a net margin of 3.82%. BJ's Restaurants's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. View BJ's Restaurants' Earnings History.

BJ's Restaurants is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for BJ's Restaurants.

10 brokers have issued 12-month target prices for BJ's Restaurants' shares. Their predictions range from $30.00 to $45.00. On average, they expect BJ's Restaurants' stock price to reach $39.00 in the next year. View Analyst Ratings for BJ's Restaurants.

Here are some recent quotes from research analysts about BJ's Restaurants stock:

• 1. According to Zacks Investment Research, "BJ’s Restaurants posted second-quarter fiscal 2017 adjusted earnings of $0.49 per share that fell short of the Zacks Consensus Estimate of $0.51 by 3.9% and declined 12.5% year over year. Revenues of $265.8 million were up 6.2% year over year but missed the consensus mark by 1.7%. Meanwhile, comps too declined in the quarter as the trend continued to soften since mid-May. Additionally, BJ’s Restaurants shares have underperformed the industry over the past three months. Nevertheless, going forward, the four strategic sales-building initiatives undertaken by the company are expected to boost the top line. Also, a deep pipeline of new menu items, loyalty program enhancements and other productivity initiatives are likely to improve performance. Even so, higher costs, an uncertain sales environment and a slowdown in company’s 2017 development plan remain concerns." (7/31/2017)
• 2. Canaccord Genuity analysts commented, "We maintain our BUY rating and would view any potential weakness in shares as a buying opportunity (down ~ 4% AH). While Q2 results and the company’s QTD sales outlook fell short, we remain confident in our thesis: (1) We believe the brand’s polished" casual positioning remains relevant with consumers. (2) Off-premise represents a significant opportunity as to-go"/delivery represents just ~5% of sales, which is well below the industry average of 10%-11%. (3) Our checks indicate a strong consumer response to BJRI’s new, slow-roasted menu items, which we anticipate will ultimately drive a higher check average. (4) We believe that BJRI has the opportunity to more than double its store base from current levels. (5) We see an attractive risk/reward as shares are trading at just 7x NTM EBITDA, which is one of the lowest multiples in the industry and more than one standard deviation vs. its historical average." (7/28/2017)
• 3. Wedbush analysts commented, "The Wedbush View: We currently view 2017 expectations as realistic, and await evidence of traction from ongoing sales initiatives that may drive 2H:17 SSS growth and margin improvement ahead of expectations." (5/25/2017)

BJ's Restaurants saw a drop in short interest in August. As of August 15th, there was short interest totalling 2,064,574 shares, a drop of 26.2% from the July 31st total of 2,798,639 shares. Based on an average daily trading volume, of 590,453 shares, the days-to-cover ratio is currently 3.5 days. Approximately 9.8% of the company's shares are short sold.

Some companies that are related to BJ's Restaurants include Asbury Automotive Group (ABG), J.C. Penney Company, Inc. Holding Company (JCP), Shake Shack (SHAK), Weis Markets (WMK), Lumber Liquidators Holdings (LL), Sonic Corp. (SONC), Chico's FAS (CHS), Wingstop (WING), Abercrombie & Fitch Company (ANF), Systemax (SYX), SpartanNash Company (SPTN), Sonic Automotive (SAH), Ethan Allen Interiors (ETH), Denny's Corporation (DENN), Red Robin Gourmet Burgers (RRGB), Buckle, Inc. (The) (BKE), DEBENHAMS ADR (DBHSY) and Tile Shop Hldgs (TTS).

BJ's Restaurants' management team includes the folowing people:

• Gerald W. Deitchle, Chairman of the Board
• Gregory A. Trojan, President, Chief Executive Officer, Director
• Gregory S. Levin, Chief Financial Officer, Executive Vice President, Secretary
• Kevin E. Mayer, Executive Vice President, Chief Marketing Officer
• Lon F. Ledwith, Executive Vice President - Operations
• Gregory S. Lynds, Executive Vice President, Chief Development Officer
• Brian S. Krakower, Senior Vice President, Chief Information Officer
• Kendra D. Miller, Senior Vice President, General Counsel, Assistant Secretary
• Jeffrey H. Fowler, Senior Vice President, Chief Supply Chain Officer
• Alexander M. Puchner, Senior Vice President - Brewing Operations

BJ's Restaurants' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.34%), Vanguard Group Inc. (8.36%), Dimensional Fund Advisors LP (4.38%), RE Advisers Corp (3.86%), Renaissance Technologies LLC (3.28%) and Neuberger Berman Group LLC (3.17%). Company insiders that own BJ's Restaurants stock include Alex Puchner, Brian S Krakower, Gregory Levin, John D Allegretto, Kevin E Mayer, Larry D Bouts, Lon Ledwith, Luxor Capital Group, Lp, Noah A Elbogen, Patrick Walsh, Peter A Bassi and Pozzo James Dal. View Institutional Ownership Trends for BJ's Restaurants.

BJ's Restaurants' stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Prudential Financial Inc., BlackRock Inc., Arrowstreet Capital Limited Partnership, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Wells Fargo & Company MN and Bank of Montreal Can. Company insiders that have sold BJ's Restaurants stock in the last year include Alex Puchner, Kevin E Mayer, Larry D Bouts, Lon Ledwith, Luxor Capital Group, Lp and Patrick Walsh. View Insider Buying and Selling for BJ's Restaurants.

BJ's Restaurants' stock was purchased by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Ballentine Partners LLC, Marshall Wace North America L.P., BlueCrest Capital Management Ltd, GW&K Investment Management LLC, GSA Capital Partners LLP, Vanguard Group Inc. and Kennedy Capital Management Inc.. Company insiders that have bought BJ's Restaurants stock in the last two years include Gregory Levin and Noah A Elbogen. View Insider Buying and Selling for BJ's Restaurants.

Shares of BJ's Restaurants can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of BJ's Restaurants stock can currently be purchased for approximately $29.90.