William Blair Has Optimistic Outlook of BJRI FY2025 Earnings

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - William Blair raised their FY2025 earnings estimates for BJ's Restaurants in a report released on Friday, November 1st. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $1.54 per share for the year, up from their previous estimate of $1.53. The consensus estimate for BJ's Restaurants' current full-year earnings is $1.42 per share.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.15). BJ's Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the previous year, the company earned ($0.16) EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis.

A number of other equities research analysts have also weighed in on the stock. Benchmark lowered shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Piper Sandler lifted their price objective on BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday. Barclays decreased their target price on BJ's Restaurants from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Friday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $43.00 price target on shares of BJ's Restaurants in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.57.

BJ's Restaurants Trading Down 1.6 %

NASDAQ:BJRI traded down $0.55 during trading hours on Monday, hitting $33.44. The company had a trading volume of 354,113 shares, compared to its average volume of 389,993. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.35 and a quick ratio of 0.27. The stock has a 50-day moving average price of $32.88 and a 200 day moving average price of $33.47. The company has a market capitalization of $781.93 million, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.86 and a beta of 2.10. BJ's Restaurants has a 52 week low of $26.25 and a 52 week high of $38.87.

Institutional Investors Weigh In On BJ's Restaurants

Several institutional investors and hedge funds have recently made changes to their positions in BJRI. Louisiana State Employees Retirement System increased its holdings in BJ's Restaurants by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator's stock worth $409,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of BJ's Restaurants by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator's stock worth $736,000 after acquiring an additional 390 shares during the period. ClariVest Asset Management LLC raised its holdings in shares of BJ's Restaurants by 2.8% during the second 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. US Bancorp DE lifted its position 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 valued at $50,000 after purchasing an additional 906 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in BJ's Restaurants by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,021 shares of the restaurant operator's stock worth $689,000 after purchasing an additional 936 shares during the last quarter. Institutional investors own 99.95% of the company's stock.

Insider Buying and Selling at BJ's Restaurants

In related news, CEO C Bradford Richmond purchased 2,500 shares of BJ's Restaurants stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,905 shares of the company's stock, valued at $497,007. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by company 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.