BJ’s Restaurants Inc (NASDAQ: BJRI) has reported E.P.S. of $0.33 for its first fiscal quarter (ending March 31) versus $0.15 for the same period a year ago — an increase of 120%. Relative to the consensus estimate of $0.26, this was a premium of $0.07. For the latest four quarters through March 31, E.P.S. were $1.03 compared to $0.26 a year ago — an increase of 296%.
Recent Price Action
BJ’s Restaurants Inc (NASDAQ: BJRI) stock enjoyed a large increase of 2.1% on 5/2/24. The stock closed at $32.76. Moreover, trading volume in this advance was above average at 148% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
BJRI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
BJ’s Restaurants has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BJ’s Restaurants has a poor Appreciation Score of 24 but a good Power Rating of 78, leading to the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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