What is Zacks Research’s Forecast for BJRI Q3 Earnings?

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Zacks Research issued their Q3 2026 earnings per share estimates for BJ’s Restaurants in a report released on Wednesday, March 11th. Zacks Research analyst Team forecasts that the restaurant operator will post earnings of $0.03 per share for the quarter. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.50 per share. Zacks Research also issued estimates for BJ’s Restaurants’ FY2026 earnings at $2.18 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. BJ’s Restaurants had a return on equity of 13.82% and a net margin of 3.49%.The firm had revenue of $355.40 million for the quarter, compared to the consensus estimate of $353.71 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year.

Several other brokerages have also recently issued reports on BJRI. Citigroup increased their price target on shares of BJ’s Restaurants from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BJ’s Restaurants in a report on Monday, December 29th. Barclays raised their price target on shares of BJ’s Restaurants from $39.00 to $42.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Mizuho boosted their price target on shares of BJ’s Restaurants from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, DA Davidson started coverage on BJ’s Restaurants in a research report on Friday, March 6th. They set a “neutral” rating and a $38.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.38.

BJ’s Restaurants Stock Performance

NASDAQ BJRI opened at $33.42 on Friday. The company has a market cap of $708.50 million, a P/E ratio of 15.54, a P/E/G ratio of 1.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.40 and a quick ratio of 0.33. The stock has a 50-day moving average of $41.19 and a two-hundred day moving average of $36.95. BJ’s Restaurants has a 1-year low of $28.46 and a 1-year high of $47.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new stake in shares of BJ’s Restaurants in the 3rd quarter valued at approximately $2,514,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of BJ’s Restaurants during the 3rd quarter worth $1,282,000. American Century Companies Inc. lifted its position in shares of BJ’s Restaurants by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 824,597 shares of the restaurant operator’s stock worth $36,777,000 after purchasing an additional 51,062 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of BJ’s Restaurants during the third quarter worth $2,501,000. Finally, Vanguard Group Inc. grew its stake in shares of BJ’s Restaurants by 23.5% during the third quarter. Vanguard Group Inc. now owns 3,362,763 shares of the restaurant operator’s stock worth $102,665,000 after purchasing an additional 640,648 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Activity at BJ’s Restaurants

In other news, Director C Bradford Richmond bought 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $35.10 per share, for a total transaction of $42,120.00. Following the completion of the purchase, the director owned 16,700 shares of the company’s stock, valued at approximately $586,170. This represents a 7.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 3,200 shares of company stock worth $110,670 over the last three months. Insiders own 4.30% of the company’s stock.

BJ’s Restaurants News Roundup

Here are the key news stories impacting BJ’s Restaurants this week:

• Positive Sentiment: Company director C. Bradford Richmond purchased 1,000 shares at about $34.05, raising his stake to 18,700 shares — a vote of confidence from management that can help support the share price. Read More.
• Neutral Sentiment: BJ’s rolled out a limited‑time “Monster Pizookie®” promotion (started March 12) — a marketing push that could modestly boost traffic and same-store sales if it gains traction. Read More.
• Neutral Sentiment: Recent short‑interest figures reported anomalous values (0 shares / NaN changes and 0.0 days‑to‑cover), indicating a likely data/reporting error rather than meaningful short‑squeeze risk or bearish positioning. Read More.
• Neutral Sentiment: Context: BJ’s beat on the top and bottom lines in its Feb. 25 quarter (EPS $0.66 vs. $0.60 est.; revenue $355.4M), a recent positive fundamental datapoint that investors will compare against revised forecasts. Read More.
• Negative Sentiment: Zacks Research cut multiple near‑ and medium‑term EPS estimates (several quarters and FY2026–FY2028), trimming FY2026 to $2.18 from $2.24 and flagging Q3 2026 at just $0.03 — broad downward revisions that increase uncertainty about earnings momentum and are a headwind for the stock. Read More.

About BJ’s Restaurants

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.