Zacks Research Predicts Weaker Earnings for BJ’s Restaurants

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Zacks Research cut their FY2024 EPS estimates for shares of BJ’s Restaurants in a research report issued on Thursday, November 14th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $1.25 per share for the year, down from their previous estimate of $1.43. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.26 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.44 EPS, Q1 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.15 EPS and FY2026 earnings at $1.71 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ’s Restaurants’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned ($0.16) earnings per share.

Several other research analysts have also commented on BJRI. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research report on Friday, November 1st. Benchmark cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Piper Sandler increased 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 note on Monday, November 4th. Finally, Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, BJ’s Restaurants has a consensus rating of “Hold” and a consensus target price of $38.57.

BJ’s Restaurants Stock Down 1.5 %

BJRI opened at $35.81 on Monday. The stock has a market capitalization of $817.18 million, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.98 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.35. BJ’s Restaurants has a one year low of $27.61 and a one year high of $38.87. The business’s 50-day simple moving average is $33.83 and its 200-day simple moving average is $33.67.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.60, for a total value of $82,342.80. Following the sale, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. The trade was a 30.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Bradford Richmond bought 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the purchase, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. This represents a 17.36 % increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ’s Restaurants

Several institutional investors have recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 719 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in BJ’s Restaurants in the second quarter valued at about $40,000. EntryPoint Capital LLC acquired a new stake in shares of BJ’s Restaurants during the 1st quarter valued at approximately $45,000. US Bancorp DE boosted its stake in shares of BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 906 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter worth approximately $57,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Restaurants Company Profile

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.