Wedbush Decreases Earnings Estimates for BJ’s Restaurants

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Wedbush reduced their FY2024 earnings estimates for shares of BJ’s Restaurants in a research report issued to clients and investors on Friday, November 1st. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $1.26 per share for the year, down from their previous forecast of $1.34. Wedbush 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.

BJRI has been the subject of a number of other reports. Barclays dropped their price target on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday. Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.00.

BJ’s Restaurants Stock Down 8.4 %

Shares of NASDAQ:BJRI opened at $33.99 on Monday. The business has a 50-day moving average price of $32.88 and a 200 day moving average price of $33.47. BJ’s Restaurants has a 12-month low of $26.25 and a 12-month high of $38.87. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $794.69 million, a price-to-earnings ratio of 27.19, a PEG ratio of 1.86 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). 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 quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue was up 2.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BJRI. Meeder Asset Management Inc. acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at $40,000. EntryPoint Capital LLC purchased a new stake in BJ’s Restaurants during the 1st quarter worth about $45,000. US Bancorp DE boosted its position in shares of BJ’s Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 906 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $57,000. Finally, Headlands Technologies LLC raised its position in shares of BJ’s Restaurants by 247.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Restaurants news, CEO C Bradford Richmond purchased 2,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the chief executive officer now directly owns 16,905 shares in the company, 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 can be accessed through this hyperlink. 4.90% of the stock is owned by company 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 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.