BJ's Restaurants (NASDAQ:BJRI - Get Free Report) released its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.20, Zacks reports. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The firm had revenue of $347.97 million for the quarter, compared to the consensus estimate of $347.70 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis.
BJ's Restaurants Price Performance
BJ's Restaurants stock traded up $1.33 during midday trading on Thursday, reaching $38.82. 498,102 shares of the company were exchanged, compared to its average volume of 364,385. The firm's 50-day simple moving average is $33.85 and its 200-day simple moving average is $35.19. BJ's Restaurants has a 1 year low of $27.61 and a 1 year high of $41.72. The company has a market capitalization of $866.31 million, a price-to-earnings ratio of 57.09, a P/E/G ratio of 1.81 and a beta of 1.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BJRI shares. Gordon Haskett upgraded 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. Sanford C. Bernstein set a $33.00 price target on BJ's Restaurants and gave the company an "underweight" rating in a research report on Friday, May 2nd. Barclays lifted their price target on BJ's Restaurants from $31.00 to $33.00 and gave the stock an "underweight" rating in a research note on Friday, May 2nd. Finally, Wedbush increased their price objective on shares of BJ's Restaurants from $43.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.20.
Read Our Latest Report on BJRI
About BJ's Restaurants
(
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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.
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