An Eye on Financial Results: BJ’s Restaurants, Inc. (NASDAQ: BJRI)

On 29 Oct 2019, BJs Restaurants, Inc. stock determined change of 27.99% away from 52-week low rate and just recently situated relocation of -40.42% off 52-week high cost. BJRI stock has been recorded 12.98% away from 50 day moving average and -4.21% away from 200 day moving average.

BJs Restaurants, Inc. (BJRI) recently stated monetary outcomes for its fiscal 2019 3rd quarter ended Tuesday, October 1, 2019.

3rd Quarter 2019 Highlights Contrast to Third Quarter 2018

Total revenues grew 3.1% to $278.7 M.
Total dining establishment operating weeks increased about 2.9%.
Equivalent restaurant sales decreased 0.3%.
Earnings of $3.7 M contrast to $8.5 M.

Third quarter 2019 net income was affected by a $0.6 M expenditure associated to the adoption of ASU 2016-02, regarding lease accounting.
Third quarter 2018 earnings benefited from a $1.7 M excess tax advantage from equity awards.

Watered down earnings per share of $0.18 contrast to $0.39.

3rd quarter 2019 diluted earnings per share was affected by a $0.03 expenditure associated to the adoption of ASU 2016-02, regarding lease accounting.
Third quarter 2018 diluted earnings per share benefited from a $0.08 excess tax advantage from equity awards.

” During the quarter we continued making essential financial investments in the company focused on structure future sales and improving our currently strong operations-based culture. As predictable, the addition of our popular sluggish roasted tri pointer sirloin to our Daily Brewhouse Specials has actually been well received by guests and has shown reliable in constructing sales and driving value as shown in a 1.5% increase in our guest survey worth scores in the quarter.

On 29 Oct 2019, BJs Restaurants, Inc. stock recognized change of 27.99% away from 52-week low rate and just recently situated relocation of -40.42% off 52-week high rate. BJRI stock has been tape-recorded 12.98% away from 50 day moving average and -4.21% away from 200 day moving average. Moving closer, we can see that shares have been trading 14.01% off 20-day moving average.

The Companys Board of Directors increased the Companys quarterly cash dividend by 8.3% to $0.13 per share of ordinary stock, payable November 25, 2019, to shareholders of record at the close of service on November 11, 2019. While the Company intends to pay quarterly money dividends for the foreseeable future, dividends will be reviewed quarterly and reported by the Board of Directors at its discretion.

Throughout the 3rd quarter of 2019, the Company stepped and redeemed down about 1.1 M shares of its regular stock at an expense of about $41.3 M. Given that the Companys very first share bought authorization was accepted in April 2014, BJs has repurchased and stepped down about 11.6 M shares at an expense of about $450.2 M. The Company has about $49.8 M available under its presently licensed share bought program.

The Services sector company, BJs Restaurants, Inc. discovered change of 1.88% to $41.75 along volume of 516644 shares in recent session compared to a typical volume of 447.54 K. The average volatility for the week at 6.71% and for month was at 4.46%.

The Services sector company, BJs Restaurants, Inc. saw change of 1.88% to $41.75 along volume of 516644 shares in recent session compared to a typical volume of 447.54 K. The stock observed return of 15.94% in 5 days trading activity. The stock was at 7.49% over one month performance. BJRIs shares are at 5.16% for the quarter and driving a -35.47% return over the course of the previous year and is now at -17.44% because this point in 2018. The average volatility for the week at 6.71% and for month was at 4.46%. There are 20.46 M shares exceptional and 20.2 M shares are floated in market. Right now the stock beta is 0.85.

” Third quarter casual dining sales were soft across the industry,” commented Greg Trojan, Chief Executive Officer. “The challenging environment combined with weak point in specific California markets and the effect of Hurricane Dorian, which impacted about 10% of our dining establishments, caused slightly unfavorable similar sales. Notwithstanding the difficult environment, our latest restaurants continue to exceed sales and success expectations as their weekly sales average surpassed our similar restaurant sales for the quarter. Our company believe this is a testament to the strength of the BJs idea and brand and our prospects for future development as we continue our national growth.

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