Zacks Research Forecasts Lower Earnings for BJ's Restaurants

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Investment analysts at Zacks Research lowered their FY2026 EPS estimates for BJ's Restaurants in a research note issued on Wednesday, April 23rd. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $1.93 per share for the year, down from their previous forecast of $1.94. The consensus estimate for BJ's Restaurants' current full-year earnings is $1.50 per share.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.76%. The firm had revenue of $344.34 million during the quarter, compared to analysts' expectations of $336.48 million.

A number of other analysts have also recently commented on the stock. Gordon Haskett upgraded 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 research report on Wednesday, January 8th. Barclays dropped their target price on BJ's Restaurants from $37.00 to $31.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Wedbush boosted their price objective on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, Oppenheimer lowered BJ's Restaurants from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.20.

BJ's Restaurants Trading Up 0.4 %

NASDAQ:BJRI traded up $0.14 during mid-day trading on Friday, hitting $33.49. The company had a trading volume of 1,455,914 shares, compared to its average volume of 355,420. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.04. The firm has a market cap of $747.36 million, a P/E ratio of 49.25, a P/E/G ratio of 1.81 and a beta of 1.78. The business's fifty day moving average is $34.13 and its two-hundred day moving average is $35.15. BJ's Restaurants has a fifty-two week low of $27.61 and a fifty-two week high of $41.72.

Hedge Funds Weigh In On BJ's Restaurants

Several institutional investors and hedge funds have recently modified their holdings of BJRI. Geode Capital Management LLC grew its stake in BJ's Restaurants by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator's stock valued at $16,056,000 after buying an additional 5,075 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of BJ's Restaurants by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator's stock valued at $888,000 after purchasing an additional 1,823 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of BJ's Restaurants by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 110,833 shares of the restaurant operator's stock worth $3,894,000 after purchasing an additional 1,752 shares during the period. Rothschild Investment LLC lifted its holdings in BJ's Restaurants by 3.6% during the 4th quarter. Rothschild Investment LLC now owns 110,895 shares of the restaurant operator's stock worth $3,896,000 after purchasing an additional 3,835 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in BJ's Restaurants in the 4th quarter valued at $574,000. 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.