BJ’s Restaurants (NASDAQ:BJRI) Issues Earnings Results

BJ’s Restaurants (NASDAQ:BJRI) issued its quarterly earnings results on Thursday. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15), Briefing.com reports. The business had revenue of $325.70 million during the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) earnings per share.

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $33.99 on Monday. The company has a market cap of $794.69 million, a P/E ratio of 27.19, a PEG ratio of 1.86 and a beta of 2.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35. BJ’s Restaurants has a one year low of $26.25 and a one year high of $38.87. The business’s 50-day simple moving average is $32.88 and its 200 day simple moving average is $33.47.

Insider Activity at BJ’s Restaurants

In related news, CEO C Bradford Richmond bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the acquisition, the chief executive officer now owns 16,905 shares in the company, valued at $497,007. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays reduced their price objective on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.00.

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.