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

BJ’s Restaurants (NASDAQ:BJRI) released its quarterly earnings results on Thursday. The restaurant operator reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 Performance

BJ’s Restaurants stock traded down $0.13 during midday trading on Thursday, reaching $35.74. 368,430 shares of the company traded hands, compared to its average volume of 236,059. The firm has a market capitalization 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. The business has a 50 day moving average of $35.53 and a two-hundred day moving average of $34.08. BJ’s Restaurants has a 12 month low of $27.61 and a 12 month high of $38.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Oppenheimer cut shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research note on Friday, November 1st. Finally, Barclays boosted 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 note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently 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.