BJ's Restaurants Hits Estimates, But GAAP Results Lag Last Year's

BJ's Restaurants (Nasdaq: BJRI  ) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 1 (Q4), BJ's Restaurants met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
BJ's Restaurants reported revenue of $184.8 million. The 17 analysts polled by S&P Capital IQ expected to see a top line of $184.0 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $171.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.27. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. Non-GAAP EPS of $0.27 for Q4 were 21% lower than the prior-year quarter's $0.34 per share. GAAP EPS of $0.24 for Q4 were 27% lower than the prior-year quarter's $0.33 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 19.0%, 150 basis points worse than the prior-year quarter. Operating margin was 4.7%, 300 basis points worse than the prior-year quarter. Net margin was 3.8%, 190 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $194.9 million. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $817.5 million. The average EPS estimate is $1.33.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 460 members out of 507 rating the stock outperform, and 47 members rating it underperform. Among 188 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give BJ's Restaurants a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BJ's Restaurants is hold, with an average price target of $40.88.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends BJ's Restaurants. The Motley Fool owns shares of BJ's Restaurants. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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4/17/2014 3:59 PM
BJRI $29.76 Down -0.26 +0.00%
BJ's Restaurants CAPS Rating: ****

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