What is Zacks Research’s Forecast for BJRI FY2024 Earnings?

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Stock analysts at Zacks Research decreased their FY2024 earnings estimates for shares of BJ’s Restaurants in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $1.25 per share for the year, down from their previous estimate of $1.43. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.26 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.44 EPS, Q1 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.15 EPS and FY2026 earnings at $1.71 EPS.

A number of other equities research analysts have also issued reports on BJRI. Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Benchmark lowered shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Wedbush reiterated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, BJ’s Restaurants currently has an average rating of “Hold” and an average target price of $38.57.

BJ’s Restaurants Stock Down 1.5 %

Shares of NASDAQ:BJRI opened at $35.81 on Monday. BJ’s Restaurants has a 52-week low of $27.61 and a 52-week high of $38.87. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $33.83 and a two-hundred day moving average of $33.67. The stock has a market cap of $817.18 million, a P/E ratio of 28.65, a PEG ratio of 1.98 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The company had revenue of $325.70 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the company earned ($0.16) earnings per share. BJ’s Restaurants’s revenue for the quarter was up 2.2% on a year-over-year basis.

Insider Transactions at BJ’s Restaurants

In other news, insider Brian S. Krakower sold 2,313 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the transaction, the insider now owns 5,339 shares of the company’s stock, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Bradford Richmond bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the chief executive officer now owns 16,905 shares in the company, valued at $497,007. This trade represents a 17.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.90% of the company’s stock.

Institutional Trading of BJ’s Restaurants

Several hedge funds have recently modified their holdings of BJRI. Quarry LP boosted its stake in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 719 shares during the period. Meeder Asset Management Inc. purchased a new position in BJ’s Restaurants in the second quarter worth approximately $40,000. EntryPoint Capital LLC acquired a new position in BJ’s Restaurants during the 1st quarter worth approximately $45,000. US Bancorp DE increased its position in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 906 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at $57,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Company Profile

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.