FY2024 EPS Estimate for BJ’s Restaurants Lowered by Analyst

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Research analysts at Zacks Research dropped their FY2024 earnings per share estimates for shares of BJ’s Restaurants in a research report issued on Thursday, November 14th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings per share of $1.25 for the year, down from their prior estimate of $1.43. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.26 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.44 EPS, Q1 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.15 EPS and FY2026 earnings at $1.71 EPS.

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

A number of other equities research analysts have also issued reports on BJRI. Piper Sandler upped their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays dropped their target price on BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a report on Friday, November 1st. Finally, Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. 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 Down 2.5 %

BJRI stock opened at $34.93 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $33.83 and a two-hundred day moving average of $33.68. BJ’s Restaurants has a 12 month low of $27.61 and a 12 month high of $38.87. The company has a market cap of $797.10 million, a price-to-earnings ratio of 28.46, a PEG ratio of 1.98 and a beta of 2.10.

Institutional Investors Weigh In On BJ’s Restaurants

A number of institutional investors have recently modified their holdings of BJRI. BNP Paribas Financial Markets boosted its holdings in BJ’s Restaurants by 10.3% during the 1st quarter. BNP Paribas Financial Markets now owns 15,315 shares of the restaurant operator’s stock valued at $554,000 after acquiring an additional 1,432 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of BJ’s Restaurants by 61.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,499 shares of the restaurant operator’s stock valued at $380,000 after purchasing an additional 4,000 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of BJ’s Restaurants by 12.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 20,235 shares of the restaurant operator’s stock valued at $731,000 after purchasing an additional 2,286 shares in the last quarter. Boulder Hill Capital Management LP purchased a new stake in BJ’s Restaurants during the 1st quarter worth approximately $814,000. Finally, EntryPoint Capital LLC purchased a new stake in BJ’s Restaurants during the 1st quarter worth approximately $45,000. 99.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, insider Brian S. Krakower sold 2,313 shares of BJ’s Restaurants stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total transaction of $82,342.80. Following the completion of the sale, the insider now directly owns 5,339 shares in the company, valued at $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Bradford Richmond acquired 2,500 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 16,905 shares in the company, valued at approximately $497,007. The trade was a 17.36 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.90% of the company’s stock.

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.