BJ's Restaurants Inc (BJRI) released its first quarter results on Sunday, April 25, 2021. The company reported net earnings of -$0.14 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 39 percent compared to the same period a year ago.
BJ's Restaurants, Inc. was founded in 1978 and is headquartered in Huntington Beach, California. BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrees, pastas, sandwiches, specialty salads, and desserts.
BJ's Restaurants's revenue decreased 34 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 11.49% for the first quarter compared to the same period in the previous year, and operating margins decreased to 3.5% over the same period. Net earnings for past trailing twelve months were $-56.76 million, down 302% from the prior year.
Moving on to the balance sheet, BJ's Restaurants’s cash levels jumped 13% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 31.36% this past year. The current ratio for BJ's Restaurants now stands at 0.54. The company increased shares outstanding by 16.55%.
Shares of BJRI are currently trading around $57.00. In terms of valuation, the stock is trading at a price to book ratio of 4.01.