BJRI earnings call for the period ending March 31, 2020.
As earnings season gets fully underway, stocks are tumbling. Restaurants in particular are taking a beating as investors lose confidence in a quick recovery.
BJ’s Restaurants, Inc. (BJRI) today announced that it entered into definitive agreements to sell $70 million of common stock to Act III Holdings, LLC. and funds and accounts advised by T. Rowe Price Associates, Inc. (collectively “the investors”). “On behalf of our team members, shareholders, Board of Directors and all BJ’s stakeholders, we are delighted to announce this new investment by Ron Shaich and Act III, and by funds and accounts advised by T. Rowe Price Associates,” commented Greg Trojan, Chief Executive Officer. The investment by Act III and T. Rowe Price Associates recognizes the strength of the BJ’s concept and brand, our long-term focus on sales driving and productivity initiatives, our future growth prospects, and the daily commitment of our valued team members.
The sector roared back to life last month after a catastrophic performance in March. Is it time to invest in this downtrodden industry yet?
COVID-19: Cases Rise; Newsom's Friday; BJ's $70M Orange County Business Journal
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
Shares of BJ's Restaurants (NASDAQ: BJRI), Dave & Buster's Entertainment (NASDAQ: PLAY), and Dine Brands (NYSE: DIN) were all running higher at double-digit percentage rates in midday trading Wednesday as more states planned for business to begin reopening. The Motley Fool has a disclosure policy.
BJ’s Restaurants, Inc. (BJRI) today provided an update of certain business and financial metrics. “Our team has quickly adapted to the current environment and is committed to delivering a safe and high quality off-premise experience with initiatives such as tamper proof seals, digital payment and touchless curbside pickup.”
COVID-19-related woes hurt BJ's Restaurants' (BJRI) first-quarter 2020 results. Although the bottom line surpasses estimates, sales miss the same.
Shares of BJ's Restaurants (NASDAQ: BJRI), Bloomin' Brands (NASDAQ: BLMN), and Brinker International (NYSE: EAT), well-known restaurant companies, all jumped over 10% Monday after the hard-hit industry sensed that some states are pushing to dial back social-distancing measures. The restaurant industry, especially brands that rely heavily on the dine-in crowd rather than pickup and delivery, has been hard hit during COVID-19 as social distancing and closed restaurants have slowed sales to a near standstill.
Image source: The Motley Fool. BJ's Restaurants Inc (NASDAQ: BJRI)Q1 2020 Earnings CallMay 7, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, everyone, and welcome to the BJ's Restaurants, Inc.
HUNTINGTON BEACH, Calif., May 07, 2020 -- BJ’s Restaurants, Inc. (NASDAQ: BJRI) today provided an update of certain business and financial metrics given the current COVID-19.
The story is getting better here. Q2 will be dire, but the market will begin to price in more openings before long.Implied volatility has spiked above 90%.This brings opportunity to the table in our eyes, especially given the company´s current valuation.
Investors need to pay close attention to BJ's Restaurants (BJRI) stock based on the movements in the options market lately.
BJ's Restaurants (NASDAQ: BJRI) will soon have tens of millions of fresh dollars in its coffers. The company announced after market hours on Friday that it has agreed to sell $70 million worth of common stock to investment firm Act III Holdings and partners that BJ's described as "funds and accounts advised by T. Rowe Price Associates," without elaboration. The latter company is part of T. Rowe Price Group.
BJ's Restaurants (BJRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Q1 2020 BJ's Restaurants Inc Earnings Call
When I first decided to compare fast-food giant McDonald's (NYSE: MCD) to the smaller and more beaten-up casual eatery BJ's Restaurants (NASDAQ: BJRI), my initial assumption was that the Golden Arches would win, hands-down. Investors have run from BJ's on the risk it runs out of capital before business recovers, while investors have stayed with McDonald's and its more dependable revenues and dividend.
COVID-19: Inland v. Coast; Disney; Blizzard; Del Taco Orange County Business Journal
BJ's Restaurants' (BJRI) likely to benefit from technology-driven initiatives. However, high operating costs and low traffic due to coronavirus pose concerns.
HUNTINGTON BEACH, Calif., April 20, 2020 -- BJ’s Restaurants, Inc. (NASDAQ: BJRI) today announced that it will release its first quarter 2020 results after the market closes on.
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
BJ's Restaurants (BJRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
BJ's Restaurants (BJRI) delivered earnings and revenue surprises of 73.68% and -2.71%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?