NEW YORK (TheStreet) -- BJ's Restaurants (BJRI - Get Report) reported its fiscal 2015 first quarter earnings results after the market close this afternoon and the restaurant owner and operator reported net income of 36 cents per diluted share, compared to the 28 cents per share analysts polled by Thomson Reuters were expecting.
Revenue for the most recent quarter grew by 9.4% to $225.1 million, while analysts had forecast for revenue of $225.5 million.
Shares of BJ's Restaurants are lower by 1.76% to $52.50 in after-hours trading on Thursday afternoon.
"The continued success from our sales driving initiatives combined with our cost containment programs and efficiencies derived from Project Q resulted in a solid start to fiscal 2015 and record first quarter results," company CEO Greg Trojan said in a statement.
"The 3.2% increase in first quarter comparable restaurant sales is our third consecutive quarter of positive comparable sales as our new menu offerings and food innovation combined with our focus on affordability, speed and hospitality are being well received by guests," Trojan continued.
Separately, TheStreet Ratings team rates BJ'S RESTAURANTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BJ'S RESTAURANTS INC (BJRI) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: BJRI Ratings Report