Zacks Research Cuts Earnings Estimates for BJ’s Restaurants

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at Zacks Research cut their Q3 2026 EPS estimates for BJ’s Restaurants in a note issued to investors on Wednesday, December 10th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.06. Zacks Research has a “Hold” rating on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.50 per share.

Other equities research analysts have also issued reports about the company. Wall Street Zen lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Sanford C. Bernstein reissued an “underweight” rating and set a $30.00 target price on shares of BJ’s Restaurants in a research report on Friday, October 31st. Barclays raised their price target on shares of BJ’s Restaurants from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Benchmark reiterated a “buy” rating on shares of BJ’s Restaurants in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BJ’s Restaurants in a research report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and a consensus price target of $38.75.

BJ’s Restaurants Trading Up 0.9%

Shares of BJRI opened at $40.36 on Monday. BJ’s Restaurants has a twelve month low of $28.46 and a twelve month high of $47.02. The firm has a market capitalization of $853.21 million, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.31. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $34.79 and its 200 day simple moving average is $36.69.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. BJ’s Restaurants had a net margin of 2.23% and a return on equity of 12.92%. The company had revenue of $330.16 million for the quarter, compared to analyst estimates of $335.86 million. During the same quarter last year, the business earned ($0.13) EPS. BJ’s Restaurants’s revenue for the quarter was up 1.4% on a year-over-year basis.

Institutional Investors Weigh In On BJ’s Restaurants

Hedge funds have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in BJ’s Restaurants in the second quarter worth $842,000. American Century Companies Inc. boosted its holdings in shares of BJ’s Restaurants by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 824,597 shares of the restaurant operator’s stock valued at $36,777,000 after buying an additional 51,062 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at about $494,000. Arrowstreet Capital Limited Partnership raised its stake in BJ’s Restaurants by 233.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 628,445 shares of the restaurant operator’s stock worth $28,029,000 after acquiring an additional 440,078 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in BJ’s Restaurants by 5.2% in the second quarter. Geode Capital Management LLC now owns 523,687 shares of the restaurant operator’s stock worth $23,359,000 after acquiring an additional 25,892 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Buying and Selling at BJ’s Restaurants

In other news, EVP Brian S. Krakower sold 8,017 shares of BJ’s Restaurants stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $39.61, for a total transaction of $317,553.37. Following the sale, the executive vice president directly owned 4,409 shares of the company’s stock, valued at approximately $174,640.49. The trade was a 64.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by corporate insiders.

BJ’s Restaurants declared that its Board of Directors has approved a share buyback plan on Thursday, October 30th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 11.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.