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

BJ’s Restaurants (NASDAQ:BJRI) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21, Briefing.com reports. The company had revenue of $349.93 million for the quarter, compared to analyst estimates of $349.18 million. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.93%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS.

BJ’s Restaurants Price Performance

Shares of BJRI stock opened at $31.51 on Friday. The stock’s fifty day simple moving average is $35.36 and its 200 day simple moving average is $34.81. BJ’s Restaurants has a one year low of $21.64 and a one year high of $38.87. The firm has a market cap of $736.70 million, a price-to-earnings ratio of 31.51, a P/E/G ratio of 1.97 and a beta of 2.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.35 and a quick ratio of 0.28.

Insiders Place Their Bets

In other news, insider Brian S. Krakower sold 1,600 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $35.56, for a total value of $56,896.00. Following the sale, the insider now owns 7,652 shares in the company, valued at approximately $272,105.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wedbush restated an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.33.

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