Zacks Research Issues Optimistic Estimate for BJRI Earnings

Key Points

• Zacks Research raised BJ’s Restaurants’ Q3 2026 EPS estimate to $0.15 from $0.06 and maintained a “Strong-Buy” rating, while the full-year consensus EPS estimate stands at $2.37.
• BJ’s recently exceeded quarterly expectations, reporting $0.94 EPS versus $0.90 expected and $388.9 million in revenue versus $377.1 million projected; revenue increased 6.4% year over year.
• The stock opened at $67.95, near its 52-week high of $74.60, but analyst sentiment remains mixed: MarketBeat shows a consensus “Hold” rating and an average price target of $56.88. Insiders have sold roughly $8.0 million of shares over the past 90 days.

BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) - Equities researchers at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of BJ's Restaurants in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now anticipates that the restaurant operator will earn $0.15 per share for the quarter, up from their previous estimate of $0.06. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for BJ's Restaurants' current full-year earnings is $2.37 per share.

BJRI has been the subject of a number of other reports. DA Davidson set a $65.00 price objective on BJ's Restaurants in a report on Friday, July 31st. Mizuho set a $74.00 target price on shares of BJ's Restaurants in a report on Friday, July 31st. Benchmark increased their target price on shares of BJ's Restaurants from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Barclays dropped their target price on shares of BJ's Restaurants from $42.00 to $38.00 and set an "underweight" rating for the company in a research report on Wednesday, May 6th. Finally, Piper Sandler boosted their price target on shares of BJ's Restaurants from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, BJ's Restaurants has a consensus rating of "Hold" and an average target price of $56.88.

BJ's Restaurants Stock Performance

Shares of NASDAQ:BJRI opened at $67.95 on Monday. The business's fifty day moving average price is $61.40 and its two-hundred day moving average price is $47.32. BJ's Restaurants has a fifty-two week low of $28.46 and a fifty-two week high of $74.60. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.22.

BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last posted its earnings results on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to the consensus estimate of $377.07 million. BJ's Restaurants had a return on equity of 12.93% and a net margin of 2.86%.BJ's Restaurants's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BJRI. CWM LLC grew its holdings in BJ's Restaurants by 187.7% during the 4th quarter. CWM LLC now owns 699 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 456 shares during the last quarter. Bard Associates Inc. bought a new position in shares of BJ's Restaurants in the second quarter worth about $30,000. Quarry LP raised its stake in shares of BJ's Restaurants by 1,618.3% in the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 971 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of BJ's Restaurants during the fourth quarter worth approximately $63,000. Finally, US Bancorp DE lifted its position in shares of BJ's Restaurants by 14.5% during the third quarter. US Bancorp DE now owns 3,305 shares of the restaurant operator's stock worth $101,000 after purchasing an additional 418 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brian S. Krakower sold 7,341 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.17, for a total transaction of $405,002.97. Following the sale, the executive vice president owned 4,721 shares in the company, valued at approximately $260,457.57. This represents a 60.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noah A. Elbogen sold 7,535 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $70.14, for a total value of $528,504.90. Following the completion of the sale, the director owned 71,655 shares of the company's stock, valued at approximately $5,025,881.70. This trade represents a 9.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 131,601 shares of company stock worth $8,033,014. 2.40% of the stock is owned by company insiders.

BJ's Restaurants News Summary

Here are the key news stories impacting BJ's Restaurants this week:

• Positive Sentiment: Zacks raised multiple earnings forecasts and maintained a “Strong-Buy” rating. Estimates increased for FY2026 EPS to $2.30 from $2.19, FY2027 EPS to $2.59 from $2.47, FY2028 EPS to $2.80 from $2.68, Q1 2027 EPS to $0.66 from $0.63, Q2 2027 EPS to $1.02 from $0.93, Q3 2027 EPS to $0.22 from $0.20 and Q2 2028 EPS to $1.13 from $1.05. The revisions suggest stronger anticipated profitability and are the clearest positive catalyst for BJRI. Zacks Research earnings estimates
• Positive Sentiment: BJ's Restaurants previously exceeded quarterly expectations, reporting $0.94 in EPS versus the $0.90 consensus estimate and $388.9 million in revenue versus expectations of $377.1 million. Revenue grew 6.4% year over year, supporting the improved outlook. BJ's Restaurants quarterly results
• Neutral Sentiment: A Zacks comparison examines whether BJRI or Texas Roadhouse NASDAQ: TXRH offers better value. With BJRI trading at a forward-looking valuation that implies significant growth, investors may use the comparison to assess whether the recent rally is justified. BJRI versus TXRH value comparison
• Negative Sentiment: Director Noah Elbogen sold 7,535 shares for approximately $528,505, reducing his direct ownership by 9.52%. The remaining stake is substantial, but the insider sale could create modest investor concern after BJRI’s strong advance. Noah Elbogen insider sale

About BJ's Restaurants

BJ's Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ's Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ's Restaurants began as BJ's Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.

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