William Blair Cuts Earnings Estimates for BJ’s Restaurants

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Investment analysts at William Blair lowered their Q3 2025 EPS estimates for BJ’s Restaurants in a research note issued on Monday, October 20th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.04). The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.50 per share. William Blair also issued estimates for BJ’s Restaurants’ Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.16 EPS and FY2026 earnings at $2.31 EPS.

Other research analysts also recently issued research reports about the company. Barclays lowered their target price on BJ’s Restaurants from $37.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday. Zacks Research cut shares of BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Piper Sandler boosted their target price on shares of BJ’s Restaurants from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Benchmark upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.17.

BJ’s Restaurants Stock Performance

BJRI stock opened at $32.49 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.38 and a quick ratio of 0.32. BJ’s Restaurants has a 1 year low of $28.92 and a 1 year high of $47.02. The company has a market cap of $718.68 million, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The stock’s fifty day moving average price is $32.15 and its 200-day moving average price is $36.95.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. The business had revenue of $365.60 million during the quarter, compared to the consensus estimate of $362.74 million. BJ’s Restaurants had a net margin of 1.99% and a return on equity of 11.73%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS.

Insiders Place Their Bets

In other BJ’s Restaurants news, SVP Heidi Rogers sold 4,116 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $35.36, for a total transaction of $145,541.76. Following the completion of the sale, the senior vice president directly owned 7,144 shares in the company, valued at approximately $252,611.84. The trade was a 36.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alex Puchner sold 1,821 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $34.06, for a total value of $62,023.26. Following the completion of the transaction, the vice president owned 10,622 shares in the company, valued at approximately $361,785.32. This trade represents a 14.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,458 shares of company stock valued at $545,656. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On BJ’s Restaurants

Several hedge funds and other institutional investors have recently made changes to their positions in BJRI. Ameritas Investment Partners Inc. grew its position in shares of BJ’s Restaurants by 18.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,189 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 334 shares during the period. Headlands Technologies LLC raised its holdings in BJ’s Restaurants by 12.0% in the 1st quarter. Headlands Technologies LLC now owns 3,438 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 369 shares during the period. Prudential Financial Inc. lifted its position in BJ’s Restaurants by 1.8% during the second quarter. Prudential Financial Inc. now owns 23,034 shares of the restaurant operator’s stock valued at $1,027,000 after purchasing an additional 397 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in BJ’s Restaurants by 4.2% during the second quarter. State of Alaska Department of Revenue now owns 13,172 shares of the restaurant operator’s stock valued at $586,000 after purchasing an additional 529 shares during the period. Finally, First Trust Advisors LP grew its holdings in BJ’s Restaurants by 0.9% during the second quarter. First Trust Advisors LP now owns 71,617 shares of the restaurant operator’s stock valued at $3,194,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.