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Hot Stock That Must Be in Your Portfolio: BJ’s Restaurants (NASDAQ: BJRI)

On Thursday, Shares of BJ’s Restaurants (NASDAQ: BJRI) showed the bullish trend with a higher momentum of 1.30% to $41.44. The company traded total volume of 598.552K shares as contrast to its average volume of 507.24K shares. The company has a market value of $872.56M and about 21.16M shares outstanding.

BJ’s Restaurants Inc. (BJRI) stated first-quarter earnings of $12.90M. The Huntington Beach, California-based company said it had net income of 60 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The restaurant chain posted revenue of $290.60M in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $289.10M.

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The Company offered net profit margin of 4.30% while its gross profit margin was 38.80%. ROE was recorded as 15.70% while beta factor was 0.84. The stock, as of recent close, has shown the weekly upbeat performance of 3.27% which was maintained at -14.46% in this year.

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