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

BJ’s Restaurants (NASDAQ:BJRI) announced its quarterly earnings data on Thursday. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating 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 Down 0.4 %

BJRI stock traded down $0.13 during mid-day trading on Thursday, reaching $35.74. 369,306 shares of the company traded hands, compared to its average volume of 236,059. The stock has a market cap of $815.59 million, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.75 and a beta of 2.11. BJ’s Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $38.87. The firm’s 50 day moving average price is $35.53 and its 200 day moving average price is $34.08. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

A number of research firms have issued reports on BJRI. Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. Piper Sandler increased 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. Barclays boosted their target price on BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. Finally, Oppenheimer lowered BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. One research 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 company presently has a consensus rating of “Hold” and an average target price 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.