BJ’s Restaurants (NASDAQ:BJRI) Given New $75.00 Price Target at Citigroup

BJ’s Restaurants (NASDAQ:BJRI) had its price objective lifted by Citigroup from $68.00 to $75.00 in a research report report published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts have also issued reports on the stock. Benchmark increased their price target 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. Piper Sandler boosted their price objective 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. Weiss Ratings lowered shares of BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays cut 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, DA Davidson set a $65.00 target price on shares of BJ’s Restaurants in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.88.

BJ’s Restaurants Stock Down 9.0%

Shares of BJ’s Restaurants stock opened at $67.61 on Friday. The stock has a 50-day moving average price of $56.74 and a 200 day moving average price of $45.62. The company has a market cap of $1.42 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.36 and a beta of 1.31. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. BJ’s Restaurants has a 1 year low of $28.46 and a 1 year high of $74.60.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. BJ’s Restaurants had a return on equity of 13.21% and a net margin of 2.86%.The firm had revenue of $388.89 million during the quarter, compared to analyst estimates of $377.07 million. During the same period last year, the company posted $0.97 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts expect that BJ’s Restaurants will post 2.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Noah A. Elbogen sold 4,652 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $54.00, for a total value of $251,208.00. Following the completion of the sale, the director owned 76,235 shares of the company’s stock, valued at approximately $4,116,690. The trade was a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lea Anne Ottinger sold 2,792 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $53.50, for a total transaction of $149,372.00. Following the transaction, the director directly owned 39,701 shares in the company, valued at approximately $2,124,003.50. The trade was a 6.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,817 shares of company stock worth $3,384,688 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BJRI. Bank of America Corp DE raised its holdings in shares of BJ’s Restaurants by 73.5% during the 1st quarter. Bank of America Corp DE now owns 324,588 shares of the restaurant operator’s stock valued at $11,393,000 after purchasing an additional 137,511 shares in the last quarter. California State Teachers Retirement System boosted its holdings in BJ’s Restaurants by 31.7% in the first quarter. California State Teachers Retirement System now owns 19,737 shares of the restaurant operator’s stock worth $693,000 after purchasing an additional 4,746 shares in the last quarter. Royal Bank of Canada boosted its holdings in BJ’s Restaurants by 238.0% in the first quarter. Royal Bank of Canada now owns 16,272 shares of the restaurant operator’s stock worth $572,000 after purchasing an additional 11,458 shares in the last quarter. Empowered Funds LLC increased its position in BJ’s Restaurants by 7.1% during the first quarter. Empowered Funds LLC now owns 107,143 shares of the restaurant operator’s stock worth $3,761,000 after buying an additional 7,080 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in BJ’s Restaurants by 7.7% during the first quarter. Quantinno Capital Management LP now owns 16,561 shares of the restaurant operator’s stock worth $581,000 after buying an additional 1,178 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

BJ’s Restaurants News Roundup

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

• Positive Sentiment: BJ’s reported fiscal Q2 revenue of $388.9 million, up 6.4% year over year and above the $377.1 million consensus estimate. Adjusted earnings were $0.94 per share, exceeding estimates ranging from $0.87 to $0.90. BJ’s Restaurants Fiscal Second Quarter 2026 Results
• Positive Sentiment: Comparable restaurant sales increased 6.5%, indicating solid customer demand, and management raised its fiscal 2026 financial guidance. BJ’s Restaurants Fiscal Second Quarter 2026 Results
• Positive Sentiment: Benchmark Co. raised its BJRI price target from $68 to $80 and upgraded the stock to “Buy,” implying approximately 18% upside from the referenced share price. Benchmark price target and rating update
• Neutral Sentiment: The earnings call and related coverage provide additional context on the quarter and the company’s outlook, but the available reports do not identify a major change beyond the raised guidance. BJRI Q2 2026 Earnings Call Transcript
• Negative Sentiment: Although results beat expectations, quarterly EPS declined from $0.97 in the prior-year period. With BJRI trading near its 52-week high and at a relatively rich earnings multiple, investors may be demanding stronger profit growth, helping explain the weaker share-price reaction.

BJ’s Restaurants Company Profile

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.