BJ’s Restaurants Inc (NASDAQ: BJRI) has reported earnings for its second fiscal quarter (ending June 30) of $0.74 versus $0.51 for the same period a year ago — an increase of 45%. This result exceeded the consensus estimate of $0.51 by $0.22. For the latest four quarters through June 30, E.P.S. were $1.26 versus $0.76 for the same period a year ago — an increase of 66%.
Recent Price Action
On 7/25/24, BJ’s Restaurants Inc (NASDAQ: BJRI) stock enjoyed a large increase of 3.7%, closing at $37.24. Moreover, unusually high trading volume at 187% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
BJRI is expected to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
BJ’s Restaurants has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. BJ’s Restaurants has a poor Appreciation Score of 23 but a slightly positive Power Rating of 66, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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