William Blair Issues Optimistic Forecast for BJRI Earnings

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Stock analysts at William Blair raised their Q3 2024 EPS estimates for BJ's Restaurants in a research note issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the restaurant operator will earn ($0.02) per share for the quarter, up from their prior forecast of ($0.04). The consensus estimate for BJ's Restaurants' current full-year earnings is $1.42 per share. William Blair also issued estimates for BJ's Restaurants' FY2025 earnings at $1.53 EPS and FY2026 earnings at $1.85 EPS.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.21. The firm had revenue of $349.93 million for the quarter, compared to the consensus estimate of $349.18 million. BJ's Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS.

Several other equities research analysts also recently weighed in on the company. Wedbush restated an "outperform" rating and set a $43.00 price target on shares of BJ's Restaurants in a report on Thursday, August 29th. Barclays cut their target price on shares of BJ's Restaurants from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Friday, July 26th. Finally, Benchmark downgraded shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $38.43.

BJ's Restaurants Stock Up 4.0 %

Shares of BJ's Restaurants stock traded up $1.43 during trading hours on Monday, reaching $37.30. 279,797 shares of the company were exchanged, compared to its average volume of 386,358. The firm has a market cap of $872.19 million, a PE ratio of 37.13, a PEG ratio of 1.66 and a beta of 2.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.27 and a current ratio of 0.35. BJ's Restaurants has a 1 year low of $24.59 and a 1 year high of $38.87. The stock's fifty day moving average is $32.34 and its 200 day moving average is $33.33.

Institutional Investors Weigh In On BJ's Restaurants

Several large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in BJ's Restaurants by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator's stock valued at $409,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund Corp raised its stake in BJ's Restaurants by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator's stock valued at $736,000 after acquiring an additional 390 shares during the last quarter. Diversified Trust Co lifted its position in BJ's Restaurants by 10.8% during the 1st quarter. Diversified Trust Co now owns 6,487 shares of the restaurant operator's stock worth $235,000 after acquiring an additional 632 shares during the period. ClariVest Asset Management LLC grew its stake in shares of BJ's Restaurants by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator's stock valued at $1,009,000 after purchasing an additional 780 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of BJ's Restaurants by 142.9% in the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 906 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ's Restaurants

In related news, CEO C Bradford Richmond acquired 2,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the chief executive officer now directly owns 16,905 shares of the company's stock, valued at approximately $497,007. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.90% of the stock is currently owned by insiders.

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.