But this has caused sales to plummet, and restaurant stocks have been hammered.Clearly, it was an eventful month for BJ's Restaurants stock. BJ's Restaurants, Inc. BJRI 22.65 0.06 (0.34%). Zacks Ranks stocks can, and often do, change throughout the month. China's economic activity improves in July Despite how bad the COVID-19 pandemic is, I'm optimistic that BJ's will fully reopen before running out of cash. Prior to the pandemic, it was Furthermore, coming out of this situation, BJ's will be highly leveraged and will want to deleverage as soon as possible. Following the announcement, shares of BJ's Restaurants gained 11.6% during after-hour trading session on Jul 23. BJRI | Complete BJ's Restaurants Inc. stock news by MarketWatch. However, entering July, counties across California ordered rollbacks of their dine-in re-opening plans. Is BJ's Restaurants Stock a Buy? Occupancy and operating costs (as a percentage of sales) were 35.8% compared with 21.4% in the year-ago quarter. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The company is experiencing a cash crunch, and it's preserving liquidity by all means necessary. But looking ahead, investors want to know if the shares are a buy At the risk of sounding bombastic, we must ask if BJ's Restaurants can survive the current economic crisis. If AUV falls, margins get squeezed. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.P/E ratio is not always a great indicator of the company's performance. As of March 23, having fully withdrawn its credit, it had $95 million in cash, allowing it to survive 19 weeks in a zero-revenue situation. It's no secret the COVID-19 pandemic created chaos on Wall Street, as investors grapple with the economic fallout. In a recent Securities and Exchange Commission filing, BJ's management said if all 209 restaurants closed completely, it would still burn through $5 million per week when including expenses like retaining store managers. Notably, investors showed confidence in the … It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers. View Details Read more about BJ's NUTTY BREWNETTE® beer
A recent pick, Maxar, skyrocketed For 32 years, our Strong Buy list has averaged returns more than twice the market. However, the top line declined 57.5% on a year-over-year basis. Find the latest dividend history for BJ's Restaurants, Inc. Common Stock (BJRI) at Nasdaq.com. Find real-time BJRI - BJ's Restaurants Inc stock quotes, company profile, news and forecasts from CNN Business. In the year-ago period, the company had reported adjusted earnings of 68 cents per share.Total quarterly revenues of $128 million beat the consensus estimate of $126 million by 1.3%. The longer it remains closed now, the longer it will take to fix later. We use cookies to understand how you use our site and to improve your experience. It's reasonable to expect that to drop in the quarters following a full reopening, as diners remain cautious about the lingering dangers of contracting COVID-19. This includes personalizing content and advertising. Resultantly, 70% of its dining rooms are operating with limited capacity.As of Jun 30, 2020, cash and cash equivalents totaled $86.7 million compared with $22.4 million on Dec 31, 2019.

Real time BJ's Restaurants (BJRI) stock price quote, stock graph, news & analysis. NASDAQ Updated Aug 10, 2020 8:37 PM It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on BJRIDepending on the particular phase of a business cycle, some industries will perform better than others.BJ's Restaurants Inc. has a lower P/E than the aggregate P/E of 152.87 of the Restaurants industry.


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BJ's Restaurants' (BJRI) second-quarter 2020 revenues were impacted by dismal comparable restaurant sales and rise in other operating costs. Moreover, over the past month, the stock spiked by 1.38%, but in the past year, decreased by 50.92%. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Start a 14-day free trial to Morningstar Premium to … Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. That doesn't mean it's a bad company. Announces Date for Second Quarter 2020 Earnings Release and Conference Call The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The firm operates BJ's Restaurant and Brewery, BJ's Restaurant & Brewhouse, BJ's Pizza and Grill or BJ's Grill. Rather, it merely reflects the lingering impact the current shutdown will have. These returns cover a period from January 1, 1988 through July 6, 2020. Comparable restaurant sales declined 57.2% against 2% growth in the year-ago quarter.Labor costs, as a percentage of sales, increased 420 basis points (bps) year over year to 40.2%.