Q3 2024 EPS Estimates for BJ’s Restaurants, Inc. Decreased by Analyst (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for shares of BJ’s Restaurants in a research note issued on Thursday, August 8th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.16. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.41 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.39 EPS, FY2025 earnings at $1.52 EPS and FY2026 earnings at $1.74 EPS.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The business had revenue of $349.93 million for the quarter, compared to analysts’ expectations of $349.18 million. During the same period in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis.

BJRI has been the topic of a number of other reports. Benchmark downgraded BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays cut their price target on shares of BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Finally, Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.63.

BJ’s Restaurants Trading Up 2.7 %

NASDAQ:BJRI opened at $28.74 on Monday. The company has a current ratio of 0.03, a quick ratio of 0.28 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $34.19 and its 200-day simple moving average is $34.58. BJ’s Restaurants has a 12-month low of $21.64 and a 12-month high of $38.87. The firm has a market cap of $672.03 million, a P/E ratio of 28.75, a PEG ratio of 1.55 and a beta of 2.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in shares of BJ’s Restaurants in the second quarter valued at $40,000. EntryPoint Capital LLC acquired a new stake in shares of BJ’s Restaurants during the first quarter valued at about $45,000. Quadrant Capital Group LLC increased its position 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 worth $46,000 after acquiring an additional 743 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of BJ’s Restaurants in the second quarter worth about $57,000. Finally, Headlands Technologies LLC boosted its holdings in BJ’s Restaurants by 247.8% in the second quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,328 shares during the last quarter. 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.