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

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

BJ’s Restaurants Stock Performance

Shares of NASDAQ:BJRI traded down $0.13 during trading on Thursday, hitting $35.74. 369,306 shares of the company were exchanged, compared to its average volume of 236,059. BJ’s Restaurants has a 52-week low of $27.61 and a 52-week high of $38.87. The stock has a 50 day moving average of $35.53 and a 200 day moving average of $34.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.28. The company has a market cap of $815.59 million, a PE ratio of 28.59, a P/E/G ratio of 1.75 and a beta of 2.11.

Analyst Ratings Changes

Several analysts have commented on BJRI shares. Oppenheimer lowered shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 7th. Barclays lifted their price target on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of BJ’s Restaurants in a report on Friday, November 1st. Piper Sandler boosted their target price on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has 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 $38.80.

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.