Zacks Research Issues Optimistic Outlook for BJRI Earnings

Key Points

• Analysts at Zacks Research have raised their Q1 2027 earnings per share forecast for BJ's Restaurants to $0.76, up from a previous estimate of $0.71.
• BJ's Restaurants reported $0.97 EPS for their last quarter, beating analysts' expectations of $0.69, and achieved a 4.5% revenue increase year over year.
• Institutional investors own 99.95% of BJ's Restaurants stock, with several firms increasing their holdings significantly in recent months.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Investment analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for shares of BJ's Restaurants in a research report issued on Friday, September 5th. Zacks Research analyst Team now expects that the restaurant operator will earn $0.76 per share for the quarter, up from their previous estimate of $0.71. 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' Q2 2027 earnings at $0.86 EPS and FY2027 earnings at $2.56 EPS.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The restaurant operator reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.28. BJ's Restaurants had a return on equity of 11.73% and a net margin of 1.99%.The firm had revenue of $365.60 million for the quarter, compared to analyst estimates of $362.74 million. During the same quarter in the prior year, the company earned $0.72 EPS. BJ's Restaurants's revenue was up 4.5% on a year-over-year basis.

Several other equities research analysts also recently weighed in on BJRI. Piper Sandler upped their price target on BJ's Restaurants from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Benchmark upgraded BJ's Restaurants from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a report on Monday, August 4th. Wall Street Zen downgraded BJ's Restaurants from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Barclays increased their price objective on BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.67.

BJ's Restaurants Stock Down 4.4%

NASDAQ BJRI traded down $1.43 during trading hours on Monday, hitting $30.93. 466,540 shares of the company were exchanged, compared to its average volume of 536,765. The company has a 50 day moving average of $36.30 and a two-hundred day moving average of $37.71. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 0.16. BJ's Restaurants has a 52-week low of $28.92 and a 52-week high of $47.02. The firm has a market cap of $684.17 million, a price-to-earnings ratio of 25.99, a PEG ratio of 1.09 and a beta of 1.37.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in BJ's Restaurants during the 1st quarter worth approximately $69,000. DekaBank Deutsche Girozentrale purchased a new position in shares of BJ's Restaurants in the 1st quarter valued at approximately $97,000. Ameritas Investment Partners Inc. grew its stake in shares of BJ's Restaurants by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,189 shares of the restaurant operator's stock valued at $98,000 after purchasing an additional 334 shares during the last quarter. US Bancorp DE grew its stake in shares of BJ's Restaurants by 51.8% in the 1st quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator's stock valued at $99,000 after purchasing an additional 985 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of BJ's Restaurants by 77.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator's stock valued at $103,000 after purchasing an additional 1,012 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.

Insider Buying and Selling

In related news, VP Alex Puchner sold 1,821 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $34.06, for a total transaction of $62,023.26. Following the transaction, the vice president owned 10,622 shares in the company, valued at $361,785.32. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Heidi Rogers sold 4,116 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $35.36, for a total value of $145,541.76. Following the transaction, the senior vice president owned 7,144 shares in the company, valued at $252,611.84. This represents a 36.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,458 shares of company stock worth $545,656 in the last quarter. 4.30% of the stock is owned by insiders.

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.