BJ’s Restaurants (NASDAQ:BJRI) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of BJ’s Restaurants (NASDAQ:BJRI) in a report released on Wednesday, Benzinga reports. Wedbush currently has a $40.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.65 EPS and Q4 2025 earnings at $0.55 EPS.

BJRI has been the topic of a number of other research reports. Barclays raised their target price on BJ’s Restaurants from $25.00 to $30.00 and gave the company an underweight rating in a report on Wednesday, January 3rd. Stephens reaffirmed an equal weight rating and issued a $35.00 target price on shares of BJ’s Restaurants in a report on Friday, February 16th. TheStreet raised BJ’s Restaurants from a c rating to a b- rating in a report on Friday, February 16th. Citigroup raised their target price on BJ’s Restaurants from $28.00 to $37.00 and gave the company a neutral rating in a report on Friday, February 16th. Finally, Oppenheimer raised their target price on BJ’s Restaurants from $37.00 to $42.00 and gave the company an outperform rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Restaurants has a consensus rating of Hold and an average target price of $38.30.

BJ’s Restaurants Stock Up 5.9 %

Shares of BJRI stock opened at $34.68 on Wednesday. The stock’s 50 day simple moving average is $34.52 and its 200 day simple moving average is $32.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.35 and a current ratio of 0.42. BJ’s Restaurants has a twelve month low of $21.64 and a twelve month high of $38.76. The company has a market capitalization of $810.82 million, a price-to-earnings ratio of 34.68, a PEG ratio of 2.04 and a beta of 2.12.

BJ’s Restaurants (NASDAQ:BJRI) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. BJ’s Restaurants had a return on equity of 6.56% and a net margin of 1.80%. The business had revenue of $337.33 million for the quarter, compared to the consensus estimate of $335.35 million. During the same period last year, the business earned $0.15 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts predict that BJ’s Restaurants will post 1.23 EPS for the current year.

Insider Transactions at BJ’s Restaurants

In other news, VP Alex Puchner sold 7,713 shares of BJ’s Restaurants stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now owns 12,222 shares of the company’s stock, valued at approximately $467,491.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.53, for a total value of $8,598,260.00. Following the sale, the insider now owns 2,326,476 shares of the company’s stock, valued at approximately $82,659,692.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Alex Puchner sold 7,713 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the sale, the vice president now directly owns 12,222 shares in the company, valued at approximately $467,491.50. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Institutional Trading of BJ’s Restaurants

Institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in BJ’s Restaurants by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 743 shares in the last quarter. Headlands Technologies LLC acquired a new stake in BJ’s Restaurants in the 3rd quarter valued at $42,000. Quest Partners LLC bought a new position in BJ’s Restaurants in the 4th quarter valued at $95,000. DekaBank Deutsche Girozentrale bought a new position in BJ’s Restaurants in the 3rd quarter valued at $67,000. Finally, C M Bidwell & Associates Ltd. bought a new position in BJ’s Restaurants in the 3rd quarter valued at $95,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.