BJ’s Restaurants, Inc. (BJRI) Raises Dividend to $0.12 Per Share

BJ’s Restaurants, Inc. (NASDAQ:BJRI) announced a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Investors of record on Monday, November 12th will be paid a dividend of 0.12 per share by the restaurant operator on Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase from BJ’s Restaurants’s previous quarterly dividend of $0.11.

BJ’s Restaurants stock traded down $1.39 on Wednesday, hitting $61.18. 1,580,943 shares of the stock traded hands, compared to its average volume of 407,575. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.36 billion, a P/E ratio of 43.39, a P/E/G ratio of 1.90 and a beta of 0.80. BJ’s Restaurants has a 1 year low of $30.00 and a 1 year high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.39 EPS for the quarter, beating the consensus estimate of $0.23 by $0.16. The business had revenue of $270.27 million during the quarter, compared to analyst estimates of $262.89 million. BJ’s Restaurants had a return on equity of 15.76% and a net margin of 5.35%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. Analysts predict that BJ’s Restaurants will post 2.13 earnings per share for the current year.

BJRI has been the subject of several recent research reports. Morgan Stanley raised their price objective on BJ’s Restaurants from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Piper Jaffray Companies raised their price objective on BJ’s Restaurants from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Wells Fargo & Co raised their price objective on BJ’s Restaurants from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday. Zacks Investment Research lowered BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 17th. Finally, Barclays raised their price target on BJ’s Restaurants from $47.00 to $49.00 and gave the company a “$63.80” rating in a report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.75.

In other news, insider Alex Puchner sold 3,907 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $62.63, for a total transaction of $244,695.41. Following the completion of the transaction, the insider now directly owns 4,480 shares in the company, valued at $280,582.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noah A. Elbogen sold 888 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $76.05, for a total value of $67,532.40. The disclosure for this sale can be found here. Insiders have sold 301,614 shares of company stock valued at $21,777,152 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

BJ’s Restaurants Company Profile

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 September 4, 2018, the company owned and operated 201 casual dining restaurants located in the 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, Rhode Island, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

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Dividend History for BJ`s Restaurants (NASDAQ:BJRI)

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