BJ’s Restaurants (NASDAQ:BJRI) Releases Quarterly 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) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s revenue was up 2.2% compared to the same quarter last year.

BJ’s Restaurants Stock Down 8.2 %

Shares of BJRI traded down $3.03 during midday trading on Friday, reaching $34.06. The stock had a trading volume of 829,833 shares, compared to its average volume of 389,149. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27. The company’s fifty day simple moving average is $32.85 and its two-hundred day simple moving average is $33.44. The company has a market cap of $796.32 million, a price-to-earnings ratio of 28.71, a PEG ratio of 1.88 and a beta of 2.12. BJ’s Restaurants has a 1-year low of $26.25 and a 1-year high of $38.87.

Insider Transactions 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 purchased at an average cost of $29.40 per share, with a total value of $73,500.00. Following the transaction, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at approximately $497,007. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

BJRI has been the topic of several recent analyst reports. Barclays decreased their target price on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday. Benchmark cut BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday. One equities research 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, BJ’s Restaurants has an average rating of “Hold” and a consensus price target of $38.00.

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 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.