Q4 2024 Earnings Forecast for BJ’s Restaurants, Inc. Issued By William Blair (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at William Blair raised their Q4 2024 earnings per share estimates for shares of BJ’s Restaurants in a research note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.48 for the quarter, up from their prior estimate of $0.45. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.23 per share. William Blair also issued estimates for BJ’s Restaurants’ FY2026 earnings at $2.37 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The business had revenue of $323.64 million for the quarter, compared to analyst estimates of $331.03 million. During the same period in the prior year, the firm posted $0.17 EPS. The company’s revenue was down 6.0% on a year-over-year basis.

Several other research analysts have also weighed in on the company. TheStreet raised BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Barclays lifted their price objective on BJ’s Restaurants from $25.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, January 3rd. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of BJ’s Restaurants in a research report on Friday, February 16th. Citigroup raised 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. Finally, Stephens reiterated an “equal weight” rating and set a $35.00 price objective on shares of BJ’s Restaurants in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.30.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $33.44 on Friday. The company has a market cap of $782.50 million, a P/E ratio of 40.29, a P/E/G ratio of 1.90 and a beta of 2.12. The firm’s 50 day moving average is $34.66 and its two-hundred day moving average is $32.30. BJ’s Restaurants has a fifty-two week low of $21.64 and a fifty-two week high of $38.76. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On BJ’s Restaurants

A number of institutional investors have recently made changes to their positions in the business. Panagora Asset Management Inc. grew its position in shares of BJ’s Restaurants by 49.8% during the third quarter. Panagora Asset Management Inc. now owns 136,252 shares of the restaurant operator’s stock worth $3,196,000 after buying an additional 45,267 shares in the last quarter. American Century Companies Inc. grew its holdings in BJ’s Restaurants by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock worth $6,373,000 after acquiring an additional 37,173 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in BJ’s Restaurants by 73.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 62,432 shares of the restaurant operator’s stock worth $1,465,000 after acquiring an additional 26,364 shares in the last quarter. Millrace Asset Group Inc. bought a new stake in shares of BJ’s Restaurants in the 3rd quarter worth about $1,200,000. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of BJ’s Restaurants in the 3rd quarter valued at about $549,000. 99.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Restaurants

In other news, VP Alex Puchner sold 7,713 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total transaction of $295,022.25. Following the transaction, the vice president now directly owns 12,222 shares of the company’s stock, valued at $467,491.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alex Puchner sold 7,713 shares of the firm’s 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 sale, the vice president now owns 12,222 shares of the company’s stock, valued at approximately $467,491.50. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.