FY2024 EPS Forecast for BJ’s Restaurants Reduced by Analyst

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities researchers at Wedbush reduced their FY2024 EPS estimates for BJ’s Restaurants in a research report issued on Friday, November 1st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $1.26 per share for the year, down from their prior forecast of $1.34. Wedbush has a “Outperform” rating and a $43.00 price target 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.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results 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). The firm had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) earnings per share.

Several other analysts also recently commented on the stock. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.00.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $33.99 on Monday. The stock has a market cap of $794.69 million, a P/E ratio of 27.19, a P/E/G ratio of 1.86 and a beta of 2.10. BJ’s Restaurants has a twelve month low of $26.25 and a twelve month high of $38.87. The stock has a 50 day moving average of $32.88 and a two-hundred day moving average of $33.47. The company has a current ratio of 0.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On BJ’s Restaurants

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of BJ’s Restaurants by 27.5% in the second quarter. American Century Companies Inc. now owns 529,116 shares of the restaurant operator’s stock valued at $18,360,000 after buying an additional 114,008 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $3,250,000. Armistice Capital LLC purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $2,602,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BJ’s Restaurants by 21.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,176 shares of the restaurant operator’s stock valued at $10,716,000 after purchasing an additional 51,364 shares during the period. Finally, Marshall Wace LLP purchased a new stake in BJ’s Restaurants during the second quarter worth about $1,228,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO C Bradford Richmond bought 2,500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is owned by 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.