HUNTINGTON BEACH, Calif. (AP) _ BJ's Restaurants Inc. (BJRI) on Thursday reported a fourth-quarter loss of $18.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Huntington Beach, California-based company said it had a loss of 81 cents. Losses, adjusted for non-recurring costs, were 80 cents per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for a loss of 80 cents per share.
The restaurant chain posted revenue of $197 million in the period, beating Street forecasts. Nine analysts surveyed by Zacks expected $196.8 million.
For the year, the company reported a loss of $57.9 million, or $2.74 per share, swinging to a loss in the period. Revenue was reported as $778.5 million.
BJ's Restaurants shares have increased 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.06, an increase of 26% in the last 12 months.