BJ's Restaurants Inc. (BJRI) is a leading American operator, owner, and breeder of casual dining restaurants. Founded in 1978, the company is headquartered in Huntington Beach, California, and is listed on the NASDAQ under the ticker symbol "BJRI." BJ's Restaurants Inc. operates under multiple brands, with BJ's Restaurant & Brewery, BJ's Restaurant & Brewhouse, BJ's Pizza & Grill, and BJ's Grill being the most recognizable.
The company operates a chain of restaurants spread across several states in America, with a significant presence in California, Florida, and Texas. The restaurants cater to a range of tastes and diets by offering an extensive menu of food and beverages, including its signature deep-dish pizza, handcrafted beer, and Pizookie® dessert.
BJ's Restaurants Inc. is also known for its innovative and proprietary craft brewing process. The company's restaurants notably have in-house breweries that produce and distribute BJ's award-winning craft beers. The brand’s unique positioning sets it apart from other casual dining experiences, making the brewery a key differentiator and a driving force behind its growth.
Aside from its culinary contributions, BJRI is also known for its corporate responsibility efforts. It has implemented a 'Food Recovery Program' that donates surplus food to local non-profit organizations. In addition, the BJ’s Restaurants Foundation supports numerous charities and is particularly active in contributing to Cystic Fibrosis treatment and research.
As of late, BJRI has embraced technological advancements and incorporated them into their operation. The company's website allows online ordering and table reservations. They have also developed an app supporting mobile payments, loyalty rewards, and waitlist checks.
Since its humble beginnings, BJ's Restaurants Inc. has grown into one of the major players in the American casual dining scene. The company’s strategy to blend traditional brewing craft with modern, tasty, and innovative restaurant offerings has been paying off, as signified by the expansion of its operational footing over the years. Despite the challenges faced by the restaurant industry in recent years due to economic conditions and changing consumer preferences, BJRI remains committed to satisfying its customers with quality food and drinks, exceptional service, and a friendly environment.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Engineers Gate Manager LP reduced its stake in BJ's Restaurants, Inc. (NASDAQ:BJRI) by 60.1% in the second quarter, selling 25,980 shares and retaining 17,240 shares valued at approximately $1.05 million. Despite this, institutional ownership remains high at 99.95%. The company reported strong Q2 earnings, exceeding analyst expectations with $0.94 EPS and $388.9 million in revenue, while analysts maintain an overall "Hold" rating with an average price target of $56.88.
Legal & General Group Plc recently acquired 44,414 shares of BJ's Restaurants, Inc. (NASDAQ:BJRI) worth approximately $2.7 million, making it one of many institutional investors holding a significant portion of the company's stock. The restaurant operator reported strong quarterly results, surpassing EPS and revenue estimates, although company insiders have been selling shares. Analysts generally maintain a "Hold" rating on BJRI, with a consensus price target of $56.88.
Bank of New York Mellon Corp has acquired a new stake of 123,757 shares in BJ's Restaurants, Inc., valued at approximately $7.52 million. This investment comes as institutional investors already own nearly 100% of the company, and BJ's Restaurants recently surpassed quarterly earnings and revenue expectations. Despite the positive financial performance, shares opened down 3.1%, and insiders have sold over $7.6 million worth of stock in the past 90 days.
Ancora Advisors LLC significantly increased its stake in BJ's Restaurants (NASDAQ:BJRI) by 141.5% in the second quarter, bringing its total holdings to 28,960 shares valued at approximately $1.76 million. Other institutional investors also adjusted their positions, with hedge funds and institutional investors collectively owning 99.95% of the stock. Despite a consensus "Hold" rating from analysts, BJ's Restaurants exceeded quarterly earnings expectations, though company insiders sold a substantial number of shares.
Deutsche Bank AG has acquired 20,650 shares of BJ's Restaurants, Inc. (NASDAQ:BJRI) for approximately $1.25 million, marking a new position for the bank. Institutional investors now collectively own 99.95% of the company, though insiders have recently sold a significant number of shares. Analyst ratings for BJRI are mixed, with some upgrades and price target increases, while others maintain a more cautious outlook.
BJ's Restaurants, Inc. (NASDAQ:BJRI) has received an average "Hold" recommendation from brokerages, with an average 12-month price target of $56.88, below its current price of $63.59. Despite analysts' mixed ratings, the company recently surpassed quarterly earnings expectations, reporting $0.94 EPS against an estimated $0.90, and revenue of $388.89 million. However, company insiders have sold a significant number of shares, totaling approximately $7.68 million over the past 90 days.