Streetbeat News

BJRI

BJ's Restaurants, Inc.

https://www.bjsrestaurants.com

Industry

Restaurants

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

Open

31.66

Mkt cap

735M

Volume

351K

High

32.61

P/E Ratio

46.23

52-wk high

41.72

Low

31.66

Div yield

N/A

52-wk low

27.61

In Friday's after-market session, 12 consumer discretionary stocks showed significant movement. Visionary Holdings, Red Robin Gourmet Burgers, Genius Sports, Target Hospitality, BJ's Restaurants, and Smart Share Glb were among the gainers, with increases ranging from 4.54% to 10.1%. Conversely, Brilliant Earth Group, Color Star Tech, Hour Loop, JOANN, PLBY Group, and ZHONGCHAO were the losers, with declines between 4.34% and 6.1%.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 9:33 pm

In Monday's pre-market session, several consumer discretionary stocks showed notable movements. Gainers included Forward Industries (FORD) with a 28.2% increase, Canoo (GOEV) up by 24.22%, and JOANN (JOAN) rising 15.88%. On the losing end, Chijet Motor Co (CJET) fell by 12.2%, Worksport (WKSP) dropped 11.49%, and BJ's Restaurants (BJRI) declined by 5.91%. Other notable movements were seen in Zapp Electric Vehicles (ZAPP), Golden Sun Health (GSUN), Visionary Holdings (GV), Boot Barn Holdings (BOOT), Li Auto (LI), and Tupperware Brands (TUP).

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 1:06 pm

Patrick Walsh reported a 5.2% stake in BJ's Restaurants, according to a 13D filing. He believes that the common shares of BJ's Restaurants are undervalued and represent an attractive investment opportunity.

Portfolio Pulse from Charles Gross

March 06, 2024 | 9:43 pm

PW Partners, an activist investor holding approximately 4.9% of BJ's Restaurants Inc. (BJRI), has sent a letter to BJ's Chairman, Gerald Deitchle, urging immediate actions to enhance shareholder value. The letter outlines a plan to reduce costs by $50 million, execute a $100 million stock buyback, reduce the Board size, and appoint PW Partners' representatives to the Board. PW Partners criticizes the current Board's effectiveness and highlights a significant opportunity for margin expansion, referencing a past success where their involvement led to an 80% stock price increase.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:43 pm

Stephens & Co. analyst Joshua Long has reiterated an Equal-Weight rating on BJ's Restaurants (NASDAQ:BJRI) and maintained a $35 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:25 pm

Wedbush analyst Nick Setyan reiterates an Outperform rating on BJ's Restaurants (NASDAQ:BJRI) and maintains a $40 price target.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:04 pm

BJ's Restaurants (NASDAQ:BJRI) reported Q4 earnings with an EPS of $0.34, beating estimates by 21.43% but with a revenue decrease of $20.52 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 8.66% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:10 pm

BJ's Restaurants (NASDAQ:BJRI) reported Q4 2023 adjusted EPS of $0.34, surpassing the $0.28 estimate, but sales of $323.60M fell short of the $329.59M forecast, marking a 5.97% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:03 pm

Nasdaq and S&P 500 futures edged higher ahead of a slew of economic data, with optimism that the Federal Reserve may soon reverse rates. Bond yields declined, and crude oil prices fell for a second day. U.S. stocks had advanced on Wednesday, with the Nasdaq Composite and S&P 500 showing strength. A Morgan Stanley analyst predicts 2024 will be another good year for equity markets, citing reasons including an uptick in retail fund flows and cooling inflation. In premarket trading, SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw gains. Several companies reacted to earnings announcements, with notable movements in stocks like AppLovin Corporation and Cisco Systems, Inc.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 12:42 pm

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

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