BJ’s Restaurants (NASDAQ:BJRI) Posts 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 for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12, Zacks reports. BJ’s Restaurants had a return on equity of 8.70% and a net margin of 1.23%. The business had revenue of $344.34 million for the quarter, compared to analyst estimates of $336.48 million.

BJ’s Restaurants Trading Up 6.6 %

Shares of BJ’s Restaurants stock opened at $38.09 on Friday. 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. The stock has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $34.16. The stock has a market capitalization of $869.21 million, a PE ratio of 56.01, a price-to-earnings-growth ratio of 1.73 and a beta of 2.11.

Analyst Ratings Changes

BJRI has been the topic of a number of research reports. Barclays upped their price objective on BJ’s Restaurants from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday. 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. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Wedbush raised their price objective on BJ’s Restaurants from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Piper Sandler raised their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, BJ’s Restaurants presently has an average rating of “Hold” and an average price target 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.