Unpacking Q3 Earnings: BJ's (NASDAQ:BJRI) In The Context Of Other Sit-Down Dining Stocks

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how the sit-down dining stocks have fared in Q3, starting with BJ's (NASDAQ:BJRI).

Sit-down restaurants offer a complete dining experience with table service. These establishments span various cuisines and are renowned for their warm hospitality and welcoming ambiance, making them perfect for family gatherings, special occasions, or simply unwinding. Their extensive menus range from appetizers to indulgent desserts and wines and cocktails. This space is extremely fragmented and competition includes everything from publicly-traded companies owning multiple chains to single-location mom-and-pop restaurants.

The 14 sit-down dining stocks we track reported a mixed Q3; on average, revenues missed analyst consensus estimates by 0.8% Inflation (despite slowing) has investors prioritizing near-term cash flows, but sit-down dining stocks held their ground better than others, with the share prices up 12.2% on average since the previous earnings results.

BJ's (NASDAQ:BJRI)

Founded in 1978 in California, BJ’s Restaurants (NASDAQ:BJRI) is a chain of restaurants whose menu features classic American dishes, often with a twist.

BJ's reported revenues of $318.6 million, up 2.3% year on year, falling short of analyst expectations by 2.2%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

“Our third quarter results mark further progress with our sales building programs and cost savings initiatives, which enabled us to expand restaurant operating margin and Adjusted EBITDA,” commented Greg Levin, Chief Executive Officer and President.

The stock is up 35.7% since the results and currently trades at $32.

Read our full report on BJ's here, it's free.

Best Q3: First Watch (NASDAQ:FWRG)

Based on a nautical reference to the first work shift aboard a ship, First Watch (NASDAQ:FWRG) is a chain of breakfast and brunch restaurants whose menu is heavily-focused on eggs and griddle items such as pancakes.

First Watch reported revenues of $219.2 million, up 17.3% year on year, outperforming analyst expectations by 1.2%. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates.

The stock is up 16.8% since the results and currently trades at $19.53.

Is now the time to buy First Watch? Access our full analysis of the earnings results here, it's free.

Weakest Q3: The ONE Group (NASDAQ:STKS)

Doubling as a hospitality services provider for hotels and resorts, The One Group Hospitality (NASDAQ:STKS) is an upscale restaurant company that operates STK Steakhouse and Kona Grill.

The ONE Group reported revenues of $76.88 million, up 5.3% year on year, falling short of analyst expectations by 7.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

The ONE Group had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 2% since the results and currently trades at $4.66.

Read our full analysis of The ONE Group's results here.

Red Robin (NASDAQ:RRGB)

Known for its bottomless steak fries, Red Robin (NASDAQ:RRGB) is a chain of casual restaurants specializing in burgers and general American fare.

Red Robin reported revenues of $277.6 million, down 3.2% year on year, in line with analyst expectations. It was a mixed quarter for the company, with revenue narrowly exceeding expectations, driven by better-than-expected same-store sales growth. On the other hand, its gross margin and adjusted EBITDA missed analysts' expectations.

The stock is up 34.5% since the results and currently trades at $10.79.

Read our full, actionable report on Red Robin here, it's free.

Chuy's (NASDAQ:CHUY)

Known for its ‘Big As Yo' Face’ burritos, Chuy’s (NASDAQ:CHUY) is a casual restaurant chain that specializes in Tex-Mex fare, which combines elements of traditional Mexican cuisine with Southern American cooking.

Chuy's reported revenues of $113.5 million, up 6.4% year on year, surpassing analyst expectations by 1.6%. It was a stunning quarter for the company, with a solid beat of analysts' earnings estimates.

Chuy's pulled off the biggest analyst estimates beat among its peers. The stock is down 0.8% since the results and currently trades at $33.55.

Read our full, actionable report on Chuy's here, it's free.

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The author has no position in any of the stocks mentioned