FY2024 EPS Estimates for BJ's Restaurants, Inc. Increased by Analyst (NASDAQ:BJRI)

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Stock analysts at Zacks Research raised their FY2024 earnings estimates for shares of BJ's Restaurants in a research report issued to clients and investors on Thursday, May 16th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $1.38 per share for the year, up from their prior estimate of $1.17. The consensus estimate for BJ's Restaurants' current full-year earnings is $1.36 per share. Zacks Research also issued estimates for BJ's Restaurants' Q1 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.55 EPS.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.17. The firm had revenue of $337.33 million for the quarter, compared to analysts' expectations of $335.35 million. BJ's Restaurants had a return on equity of 6.51% and a net margin of 1.80%. The company's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS.

BJRI has been the topic of a number of other reports. Citigroup raised their target price on BJ's Restaurants from $28.00 to $37.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Benchmark raised their target price on BJ's Restaurants from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Wedbush reissued an "outperform" rating and set a $40.00 price target on shares of BJ's Restaurants in a report on Wednesday, May 1st. Stephens reissued an "equal weight" rating and set a $35.00 price target on shares of BJ's Restaurants in a report on Friday, February 16th. Finally, TheStreet raised BJ's Restaurants from a "c" rating to a "b-" rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.30.

BJ's Restaurants Stock Performance

Shares of NASDAQ BJRI traded down $0.71 during midday trading on Monday, hitting $36.00. 417,426 shares of the stock traded hands, compared to its average volume of 388,292. BJ's Restaurants has a one year low of $21.64 and a one year high of $38.76. The firm has a 50-day moving average of $34.30 and a two-hundred day moving average of $33.57. The firm has a market capitalization of $841.68 million, a P/E ratio of 36.00, a PEG ratio of 1.93 and a beta of 2.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.35.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 1,600 shares of BJ's Restaurants stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total value of $56,896.00. Following the completion of the transaction, the insider now owns 7,652 shares in the company, valued at $272,105.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BJ's Restaurants news, insider Brian S. Krakower sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $35.56, for a total transaction of $56,896.00. Following the completion of the transaction, the insider now owns 7,652 shares in the company, valued at $272,105.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.53, for a total value of $8,598,260.00. Following the transaction, the insider now owns 2,326,476 shares of the company's stock, valued at approximately $82,659,692.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,313 shares of company stock worth $8,950,178. Corporate insiders own 4.90% of the company's stock.

Institutional Trading of BJ's Restaurants

Several institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorShares Investments LLC raised its stake in shares of BJ's Restaurants by 2.1% during the third quarter. AdvisorShares Investments LLC now owns 18,007 shares of the restaurant operator's stock valued at $422,000 after acquiring an additional 370 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of BJ's Restaurants by 2.0% during the first quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator's stock valued at $736,000 after acquiring an additional 390 shares in the last quarter. Diversified Trust Co raised its stake in BJ's Restaurants by 10.8% in the first quarter. Diversified Trust Co now owns 6,487 shares of the restaurant operator's stock worth $235,000 after buying an additional 632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BJ's Restaurants by 13.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the restaurant operator's stock worth $200,000 after buying an additional 673 shares in the last quarter. Finally, Amalgamated Bank raised its stake in BJ's Restaurants by 6.9% in the third quarter. Amalgamated Bank now owns 10,511 shares of the restaurant operator's stock worth $247,000 after buying an additional 676 shares in the last quarter. 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.