Wedbush Analysts Lift Earnings Estimates for BJ’s Restaurants, Inc. (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Analysts at Wedbush raised their Q1 2025 earnings estimates for shares of BJ’s Restaurants in a research report issued to clients and investors on Friday, April 26th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.23. Wedbush currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.22 per share. Wedbush also issued estimates for BJ’s Restaurants’ Q2 2025 earnings at $0.65 EPS and Q4 2025 earnings at $0.55 EPS.

Several other research analysts also recently issued reports on BJRI. Barclays upped their price target on shares of BJ’s Restaurants from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 3rd. TheStreet upgraded shares of BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Oppenheimer upped their price target on shares of BJ’s Restaurants from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of BJ’s Restaurants in a research report on Friday, February 16th. Finally, Citigroup boosted their price objective on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. One equities 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.30.

BJ’s Restaurants Stock Up 0.8 %

Shares of NASDAQ BJRI opened at $33.44 on Monday. The firm’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $32.42. The company has a market cap of $782.50 million, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 1.94 and a beta of 2.12. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.19. BJ’s Restaurants has a 12-month low of $21.64 and a 12-month high of $38.76.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $323.64 million for the quarter, compared to the consensus estimate of $331.03 million. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS.

Insiders Place Their Bets

In other BJ’s Restaurants news, VP Alex Puchner sold 7,713 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the completion of the sale, the vice president now directly owns 12,222 shares of the company’s stock, valued at approximately $467,491.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Alex Puchner sold 7,713 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was 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 of the company’s stock, valued at approximately $467,491.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.53, for a total value of $8,598,260.00. Following the completion of the sale, the insider now directly owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BJ’s Restaurants

Several institutional investors and hedge funds have recently modified their holdings of the business. Panagora Asset Management Inc. boosted its holdings in shares of BJ’s Restaurants by 49.8% in the 3rd quarter. Panagora Asset Management Inc. now owns 136,252 shares of the restaurant operator’s stock valued at $3,196,000 after buying an additional 45,267 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of BJ’s Restaurants by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock valued at $6,373,000 after buying an additional 37,173 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of BJ’s Restaurants by 73.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 62,432 shares of the restaurant operator’s stock valued at $1,465,000 after buying an additional 26,364 shares during the last quarter. Millrace Asset Group Inc. acquired a new stake in shares of BJ’s Restaurants in the 3rd quarter valued at approximately $1,200,000. Finally, Wakefield Asset Management LLLP bought a new stake in BJ’s Restaurants in the 3rd quarter valued at $549,000. 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.