Zacks Research Brokers Lower Earnings Estimates for BJ’s Restaurants, Inc. (NASDAQ:BJRI)
BJ’s Restaurants, Inc. (NASDAQ:BJRI – Free Report) – Stock analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for shares of BJ’s Restaurants in a research note issued to investors on Thursday, May 16th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.49. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.33 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.41 EPS, Q2 2025 earnings at $0.52 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $1.85 EPS.
BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 EPS for the quarter, topping the consensus estimate of $0.15 by $0.17. BJ’s Restaurants had a net margin of 1.80% and a return on equity of 6.51%. The company had revenue of $337.33 million during the quarter, compared to analysts’ expectations of $335.35 million. During the same quarter in the previous year, the company earned $0.15 EPS. BJ’s Restaurants’s revenue was down 1.2% on a year-over-year basis.
A number of other brokerages have also recently commented on BJRI. TheStreet upgraded shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of BJ’s Restaurants in a report on Friday, February 16th. Citigroup boosted their price target on shares of BJ’s Restaurants from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Benchmark upped their price objective on shares of BJ’s Restaurants from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their target price on BJ’s Restaurants from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and a consensus target price of $38.30.
Check Out Our Latest Analysis on BJRI
BJ’s Restaurants Stock Down 1.9 %
Shares of BJ’s Restaurants stock opened at $36.71 on Friday. BJ’s Restaurants has a 12 month low of $21.64 and a 12 month high of $38.76. The business has a fifty day simple moving average of $34.30 and a 200 day simple moving average of $33.40. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.15. The stock has a market cap of $858.28 million, a PE ratio of 36.71, a price-to-earnings-growth ratio of 1.92 and a beta of 2.12.
Institutional Investors Weigh In On BJ’s Restaurants
Institutional investors and hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of BJ’s Restaurants during the 1st quarter worth approximately $45,000. Quadrant Capital Group LLC increased its stake in shares of BJ’s Restaurants by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 743 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BJ’s Restaurants during the 3rd quarter worth $42,000. Quest Partners LLC bought a new position in BJ’s Restaurants in the fourth quarter valued at about $95,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of BJ’s Restaurants in the third quarter worth about $67,000. Institutional investors own 99.95% of the company’s stock.
Insider Activity at BJ’s Restaurants
In other news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the completion of the sale, the insider now owns 2,326,476 shares in the company, valued at $82,659,692.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Alex Puchner sold 7,713 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the sale, the vice president now directly owns 12,222 shares in the company, valued at $467,491.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.53, for a total value of $8,598,260.00. Following the sale, the insider now directly owns 2,326,476 shares in the company, valued at approximately $82,659,692.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,313 shares of company stock worth $8,950,178. 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.
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