BJ’s Restaurants (NASDAQ:BJRI) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

BJ’s Restaurants (NASDAQ:BJRI) posted its earnings results on Thursday. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12, Zacks reports. The company had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. BJ’s Restaurants had a return on equity of 8.70% and a net margin of 1.23%.

BJ’s Restaurants Trading Up 6.6 %

NASDAQ BJRI opened at $38.09 on Friday. The stock has a market capitalization of $869.21 million, a price-to-earnings ratio of 56.01, a PEG ratio of 1.73 and a beta of 2.11. The stock’s 50 day moving average price is $35.57 and its two-hundred day moving average price is $34.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a 52 week low of $27.61 and a 52 week high of $41.72.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Barclays boosted their price objective on BJ’s Restaurants from $34.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday. Oppenheimer lowered BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Gordon Haskett upgraded BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Wedbush boosted their price objective on BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $40.40.

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.