BJ's Restaurants (BJRI) Releases Earnings Results, Misses Expectations By $-0.03 EPS

BJ's Restaurants (BJRI) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. BJRI reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.33. The company posted revenue of $233.70 million in the period, compared to analysts expectations of $239.42 million. BJRI’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on BJ's Restaurants. Shares were Downgraded by Wedbush on Sep 9, 2016 to ” Neutral” and Lowered the Price Target to $ 40 from a previous price target of $47 .Shares were Reiterated by Barclays on Jul 28, 2016 to “Underweight” and Lowered the Price Target to $ 38 from a previous price target of $46 .Shares were Reiterated by Wedbush on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $55 .

BJ's Restaurants opened for trading at $34.53 and hit $35.29 on the upside on Friday, eventually ending the session at $34.89, with a gain of 0.78% or 0.27 points. The heightened volatility saw the trading volume jump to 4,70,498 shares. Company has a market cap of $843 M.

In a different news, on Aug 12, 2016, Larry D Bouts (director) sold 26,792 shares at $40.86 per share price. According to the SEC, on Aug 12, 2016, Alex Puchner (Sr. Vice President Brewing Ops) sold 10,319 shares at $40.65 per share price. On Aug 11, 2016, Pozzo James Dal (director) sold 3,131 shares at $40.60 per share price, according to the Form-4 filing with the securities and exchange commission.

BJ’s Restaurants Inc. owns and operates restaurants. The Company operates under the BJ’s Restaurant & Brewery BJ’s Restaurant & Brewhouse BJ’s Pizza & Grill and BJ’s Grill names. The Company owns and operates 158 restaurants. Its menu consists of deep-dish pizza craft beers and other beers as well as a range of appetizers entrees pastas sandwiches specialty salads and desserts including its Pizookie dessert. Its menu also includes starter salads handcrafted burgers sandwiches and tacos desserts lunch specials housemade soups and salads and gluten-free menu among others. Its Snacks and Small Bites menu category comprises small plate appetizers and salads and a lower calorie and better for you menu category called Enlightened Entrees. Its menu items include Kale and Roasted Brussels Sprout Salad its Cherry Chipotle Salmon its Mediterranean Chicken Pita Tacos and its Peanut Butter S’mores Pizookie. It also offers a range of wines and spirits and root beer soda.

BJ's Restaurants

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