Bj's Restaurants, Inc. (BJRI) Tops Q1 EPS by 7c, Comps Fells 1.3%, Approves Expanding Buyback Plan By $50 Million

Bj's Restaurants, Inc. (NASDAQ: BJRI) reported Q1 EPS of $0.42, $0.07 better than the analyst estimate of $0.35. Revenue for the quarter came in at $257.82 million versus the consensus estimate of $255.62 million.

"During the first quarter of 2017, the Company repurchased and retired approximately 0.8 million shares of its common stock at a cost of approximately $29.0 million. Since the Company’s first share repurchase authorization was approved in April 2014, BJ’s has repurchased and retired approximately 8.2 million shares at a cost of approximately $319.5 million. The Company’s Board of Directors has approved an expansion of the share repurchase program by $50 million. As a result, the Company currently has approximately $80.5 million available under its authorized $400 million share repurchase program."

For earnings history and earnings-related data on Bj's Restaurants, Inc. (BJRI) click here.

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