William Blair Cuts Earnings Estimates for BJ's Restaurants

Key Points

• Analysts at William Blair have reduced their Q3 2025 earnings per share (EPS) estimate for BJ's Restaurants from $0.09 to $0.00, impacting the overall earnings outlook for the company.
• Barclays increased its price target for BJ's Restaurants from $33.00 to $37.00, while maintaining an "underweight" rating, indicating cautious sentiment among analysts.
• BJ's Restaurants' stock is currently trading at $38.96, reflecting a 0.5% decline during Friday's trading session.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Equities researchers at William Blair decreased their Q3 2025 EPS estimates for BJ's Restaurants in a research report issued to clients and investors on Tuesday, July 22nd. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.09. The consensus estimate for BJ's Restaurants' current full-year earnings is $1.50 per share. William Blair also issued estimates for BJ's Restaurants' Q4 2025 earnings at $0.57 EPS and FY2026 earnings at $2.24 EPS.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The restaurant operator reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.20. BJ's Restaurants had a net margin of 1.64% and a return on equity of 10.35%. The company had revenue of $347.97 million during the quarter, compared to analyst estimates of $347.70 million. During the same period last year, the business earned $0.32 earnings per share. BJ's Restaurants's revenue was up 3.2% compared to the same quarter last year.

BJRI has been the subject of several other reports. Sanford C. Bernstein set a $33.00 target price on shares of BJ's Restaurants and gave the company an "underweight" rating in a research report on Friday, May 2nd. Barclays lifted their target price on shares of BJ's Restaurants from $33.00 to $37.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, BJ's Restaurants currently has an average rating of "Hold" and a consensus target price of $38.00.

BJ's Restaurants Price Performance

Shares of BJRI stock traded down $1.07 during trading hours on Friday, reaching $37.89. The stock had a trading volume of 209,298 shares, compared to its average volume of 407,893. The stock's fifty day simple moving average is $43.37 and its 200 day simple moving average is $38.11. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. BJ's Restaurants has a 12 month low of $27.61 and a 12 month high of $47.02. The firm has a market capitalization of $838.13 million, a PE ratio of 40.50, a PEG ratio of 1.46 and a beta of 1.56.

Hedge Funds Weigh In On BJ's Restaurants

Several institutional investors and hedge funds have recently added to or reduced their stakes in BJRI. Summit Securities Group LLC purchased a new stake in shares of BJ's Restaurants during the first quarter worth about $69,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of BJ's Restaurants during the first quarter worth about $97,000. US Bancorp DE grew its stake in shares of BJ's Restaurants by 51.8% during the first quarter. US Bancorp DE now owns 2,887 shares of the restaurant operator's stock worth $99,000 after acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of BJ's Restaurants during the fourth quarter worth about $108,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of BJ's Restaurants during the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

Insiders Place Their Bets

In other news, insider Brian S. Krakower sold 3,738 shares of BJ's Restaurants stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $44.32, for a total transaction of $165,668.16. Following the completion of the sale, the insider directly owned 4,579 shares in the company, valued at approximately $202,941.28. This trade represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg Trojan sold 146,102 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $44.63, for a total value of $6,520,532.26. Following the transaction, the director owned 19,896 shares in the company, valued at approximately $887,958.48. This represents a 88.01% decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is owned by company 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.