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

BJ’s Restaurants (NASDAQ:BJRI) posted its quarterly earnings data on Thursday. The restaurant operator reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12, Zacks reports. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%.

BJ’s Restaurants Stock Down 0.4 %

BJRI stock traded down $0.13 during midday trading on Thursday, reaching $35.74. 368,430 shares of the company were exchanged, compared to its average volume of 236,059. 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 1-year low of $27.61 and a 1-year high of $38.87. The stock’s 50-day simple moving average is $35.53 and its 200 day simple moving average is $34.08. The company has a market cap of $815.59 million, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 1.75 and a beta of 2.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BJRI. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Wedbush restated an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday, November 1st. Piper Sandler upped their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Gordon Haskett upgraded shares of 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, Barclays increased their target price on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.80.

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.