BJ’s Restaurants, Inc. (NASDAQ:BJRI) Plans $0.12 Quarterly Dividend

BJ’s Restaurants, Inc. (NASDAQ:BJRI) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Investors of record on Monday, August 12th will be given a dividend of 0.12 per share by the restaurant operator on Monday, August 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, August 9th.

BJ’s Restaurants has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect BJ’s Restaurants to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.0%.

BJRI opened at $37.25 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.32 and a current ratio of 0.39. The stock has a market capitalization of $800.55 million, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. The business has a 50 day simple moving average of $41.60. BJ’s Restaurants has a 12-month low of $36.77 and a 12-month high of $76.50.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $301.09 million during the quarter, compared to analysts’ expectations of $300.35 million. BJ’s Restaurants had a return on equity of 14.63% and a net margin of 4.05%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. As a group, research analysts predict that BJ’s Restaurants will post 1.98 EPS for the current fiscal year.

A number of equities analysts recently issued reports on BJRI shares. Guggenheim set a $50.00 price objective on shares of BJ’s Restaurants and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird lowered their price target on shares of BJ’s Restaurants from $53.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Oppenheimer lowered their price target on shares of BJ’s Restaurants from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wedbush lowered their price target on shares of BJ’s Restaurants from $60.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Maxim Group reaffirmed a “buy” rating and set a $55.00 price target (down previously from $59.00) on shares of BJ’s Restaurants in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. BJ’s Restaurants presently has a consensus rating of “Hold” and an average target price of $50.67.

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 April 16, 2019, the company owned and operated 204 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

Further Reading: Cost of equity and a company’s balance sheet

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

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