William Blair Comments on BJ's Restaurants, Inc.'s Q4 2024 Earnings (NASDAQ:BJRI)

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Analysts at William Blair increased their Q4 2024 earnings estimates for shares of BJ's Restaurants in a research report issued on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $0.48 per share for the quarter, up from their previous estimate of $0.45. The consensus estimate for BJ's Restaurants' current full-year earnings is $1.23 per share. William Blair also issued estimates for BJ's Restaurants' FY2026 earnings at $2.37 EPS.

A number of other analysts also recently issued reports on the stock. Stephens reaffirmed an "equal weight" rating and set a $35.00 price target on shares of BJ's Restaurants in a report on Friday, February 16th. Citigroup raised their price target on shares of BJ's Restaurants from $28.00 to $37.00 and gave the company a "neutral" rating in a report on Friday, February 16th. TheStreet raised shares of BJ's Restaurants from a "c" rating to a "b-" rating in a report on Friday, February 16th. Wedbush reissued an "outperform" rating and issued a $40.00 price objective on shares of BJ's Restaurants in a report on Friday, February 16th. Finally, Barclays raised their price objective on shares of BJ's Restaurants from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $37.30.

BJ's Restaurants Stock Performance

Shares of NASDAQ BJRI traded up $0.25 during trading on Friday, reaching $33.44. 205,158 shares of the company traded hands, compared to its average volume of 377,923. The firm has a 50 day simple moving average of $34.72 and a 200-day simple moving average of $32.23. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $782.50 million, a PE ratio of 40.29, a P/E/G ratio of 1.90 and a beta of 2.12. BJ's Restaurants has a 52-week low of $21.64 and a 52-week high of $38.76.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.07. The firm had revenue of $323.64 million for the quarter, compared to the consensus estimate of $331.03 million. BJ's Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The business's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS.

Insiders Place Their Bets

In other BJ's Restaurants news, VP Alex Puchner sold 7,713 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now owns 12,222 shares in the company, valued at approximately $467,491.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of BJ's Restaurants stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.53, for a total transaction of $8,598,260.00. Following the sale, the insider now owns 2,326,476 shares in the company, valued at $82,659,692.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Alex Puchner sold 7,713 shares of BJ's Restaurants stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now owns 12,222 shares in the company, valued at approximately $467,491.50. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BJRI. Quadrant Capital Group LLC boosted its stake in shares of BJ's Restaurants by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 743 shares during the period. Headlands Technologies LLC bought a new stake in shares of BJ's Restaurants in the third quarter valued at about $42,000. Quest Partners LLC bought a new stake in shares of BJ's Restaurants in the fourth quarter valued at about $95,000. DekaBank Deutsche Girozentrale bought a new stake in shares of BJ's Restaurants in the third quarter valued at about $67,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of BJ's Restaurants in the third quarter valued at about $95,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.