BJ's Restaurants (NASDAQ:BJRI) Price Target Raised to $48.00 at Wedbush

BJ's Restaurants (NASDAQ:BJRI - Free Report) had its price objective upped by Wedbush from $43.00 to $48.00 in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the restaurant operator's stock. Wedbush also issued estimates for BJ's Restaurants' Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.73 EPS, FY2025 earnings at $1.74 EPS and Q1 2026 earnings at $0.49 EPS.

Several other research analysts have also recently weighed in on BJRI. Oppenheimer cut BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. Barclays raised their target price on BJ's Restaurants from $34.00 to $37.00 and gave the stock an "underweight" rating in a research note on Friday. Gordon Haskett raised shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price objective for the company in a report on Wednesday, January 8th. Finally, Piper Sandler boosted their target price on shares of BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.40.

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BJ's Restaurants Price Performance

NASDAQ:BJRI traded up $0.64 during trading hours on Friday, hitting $38.63. 573,820 shares of the stock were exchanged, compared to its average volume of 265,856. The firm's fifty day moving average price is $35.59 and its 200 day moving average price is $34.29. BJ's Restaurants has a 52-week low of $27.61 and a 52-week high of $41.72. The company has a market cap of $881.54 million, a P/E ratio of 56.81, a P/E/G ratio of 1.81 and a beta of 2.11. The company has a current ratio of 0.04, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. BJ's Restaurants had a return on equity of 8.76% and a net margin of 1.23%. The firm had revenue of $344.34 million during the quarter, compared to the consensus estimate of $336.48 million. As a group, equities research analysts anticipate that BJ's Restaurants will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On BJ's Restaurants

A number of institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of BJ's Restaurants by 18.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,076 shares of the restaurant operator's stock worth $1,268,000 after purchasing an additional 5,722 shares during the period. Voloridge Investment Management LLC acquired a new position in BJ's Restaurants during the fourth quarter worth $1,050,000. ProShare Advisors LLC purchased a new position in shares of BJ's Restaurants during the fourth quarter worth $203,000. Nomura Holdings Inc. grew its stake in shares of BJ's Restaurants by 23.9% in the fourth quarter. Nomura Holdings Inc. now owns 837,031 shares of the restaurant operator's stock valued at $29,409,000 after buying an additional 161,495 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in BJ's Restaurants by 45.4% during the 4th quarter. Nuveen Asset Management LLC now owns 243,267 shares of the restaurant operator's stock worth $8,547,000 after acquiring an additional 75,936 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.