Wedbush Reduces Earnings Estimates for BJ’s Restaurants

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Research analysts at Wedbush cut their FY2024 earnings estimates for BJ’s Restaurants in a note issued to investors on Friday, November 1st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $1.26 per share for the year, down from their prior estimate of $1.34. Wedbush currently has a “Outperform” rating and a $43.00 price objective on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.42 per share. Wedbush also issued estimates for BJ’s Restaurants’ Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.39 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS.

A number of other analysts have also commented on the stock. Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays cut 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 report on Friday. Finally, Piper Sandler boosted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $33.44 on Monday. The company’s fifty day simple moving average is $32.90 and its 200-day simple moving average is $33.48. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $781.93 million, a PE ratio of 26.75, a P/E/G ratio of 1.86 and a beta of 2.10. BJ’s Restaurants has a 12 month low of $26.25 and a 12 month high of $38.87.

Insider Activity at BJ’s Restaurants

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the chief executive officer now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Restaurants

A number of large investors have recently bought and sold shares of BJRI. Louisiana State Employees Retirement System boosted its stake in shares of 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 valued at $409,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund Corp boosted its position 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 worth $736,000 after buying an additional 390 shares during the period. ClariVest Asset Management LLC boosted its position in BJ’s Restaurants by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock worth $1,009,000 after buying an additional 780 shares during the period. US Bancorp DE lifted its position in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 906 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of BJ’s Restaurants by 5.2% in the 1st 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 period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.