BJ’s Restaurants (NASDAQ:BJRI) Releases Earnings Results, Misses Estimates By $0.16 EPS

BJ’s Restaurants (NASDAQ:BJRI) announced its quarterly earnings results on Thursday. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16), Briefing.com reports. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same quarter last year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $33.99 on Friday. The company has a market capitalization of $794.69 million, a PE ratio of 27.86, a PEG ratio of 1.88 and a beta of 2.12. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $32.85 and its 200-day moving average price is $33.44. BJ’s Restaurants has a twelve month low of $26.25 and a twelve month high of $38.87.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BJRI. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday. Finally, Barclays dropped their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond acquired 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the transaction, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.90% of the stock is currently owned by company insiders.

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 under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.