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BJRI BJ's Restaurants News Story

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Consumer CyclicalsAdventurousMid CapContrarian

BUZZ-BJ's Restaurants jumps after co posts surprise Q1 profit

** Shares of restaurant chain  BJRI.N  rise as much as 8% to
an over one-and-a-half month high of $31.59 after co posts
surprise Q1 profit 
    ** Stock, last up 3.2%, on course to break a two-day losing
    ** Co posts Q1 profit of 6 cents per share, compared to
analysts' average expectation of a loss of 26 cents - Refinitiv
IBES data  urn:newsml:reuters.com:*:nASA037TV
    ** BJRI also beat Q1 revenue estimates; revenue up 33.8% at
$298.7 mln, topping estimates of $297.2 mln
    ** Adds that strong sales momentum built through the quarter
has continued into April
    ** BJRI says sales growth enabled co to sequentially improve
restaurant margins through the quarter as it managed ongoing
inflationary pressures  urn:newsml:reuters.com:*:nGNX6lHCRY
    ** Adds that it is currently remain on schedule to open as
many as eight new restaurants this year, of which two have
already opened 
    ** Citigroup raises PT to $30 from $29 and Wedbush hikes to
$35 from $33
    ** Up to Thursday's close, stock had fallen ~15% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)

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