BJ's Restaurants (BJRI) Dips More Than Broader Market: What You Should Know
BJ's Restaurants (BJRI) closed at $32.32 in the latest trading session, marking a -1.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.07%.
Shares of the restaurant chain witnessed a gain of 1.36% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.94% and the S&P 500's gain of 3.98%.
The upcoming earnings release of BJ's Restaurants will be of great interest to investors. On that day, BJ's Restaurants is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 64.71%. Simultaneously, our latest consensus estimate expects the revenue to be $330.99 million, showing a 3.82% drop compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for BJ's Restaurants. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.09% fall in the Zacks Consensus EPS estimate. BJ's Restaurants is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, BJ's Restaurants is currently exchanging hands at a Forward P/E ratio of 24.3. This valuation marks a premium compared to its industry's average Forward P/E of 18.98.
Meanwhile, BJRI's PEG ratio is currently 1.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Restaurants industry stood at 1.74 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 63, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report
