Equities Analysts Issue Forecasts for BJRI FY2024 Earnings

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at Wedbush decreased their FY2024 EPS estimates for shares of BJ’s Restaurants in a research note issued on Friday, November 1st. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $1.26 per share for the year, down from their previous estimate of $1.34. Wedbush currently has a “Outperform” rating and a $43.00 target price on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.39 per share. Wedbush also issued estimates for BJ’s Restaurants’ Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.39 EPS.

Other equities analysts have also issued research reports about the company. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Piper Sandler upped their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Barclays lowered their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

BJ’s Restaurants Stock Up 2.8 %

NASDAQ BJRI opened at $34.36 on Monday. The stock’s 50 day simple moving average is $32.95 and its 200 day simple moving average is $33.49. BJ’s Restaurants has a one year low of $26.25 and a one year high of $38.87. The firm has a market cap of $803.34 million, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.75 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.27.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the company posted ($0.16) earnings per share. BJ’s Restaurants’s quarterly revenue was up 2.2% compared to the same quarter last year.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond bought 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the transaction, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by company insiders.

Institutional Trading of BJ’s Restaurants

Several institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new position in shares of BJ’s Restaurants in the 2nd quarter worth $40,000. EntryPoint Capital LLC acquired a new position in BJ’s Restaurants in the first quarter valued at about $45,000. US Bancorp DE boosted its holdings in BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in BJ’s Restaurants during the second quarter worth about $57,000. Finally, Headlands Technologies LLC grew its position in shares of BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after buying an additional 1,328 shares during the period. Institutional investors own 99.95% of the company’s stock.

About BJ’s Restaurants

BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.