Q3 EPS Estimate for BJ’s Restaurants Increased by Analyst

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at Zacks Research upped their Q3 2026 EPS estimates for BJ’s Restaurants in a research note issued 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 prior forecast of $0.06. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $2.37 per share.

Several other research firms also recently weighed in on BJRI. Weiss Ratings reiterated a “hold (c)” rating on shares of BJ’s Restaurants in a report on Friday, August 7th. Barclays decreased their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 6th. Benchmark raised their price target on BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler lifted their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, DA Davidson set a $65.00 price objective on BJ’s Restaurants in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $56.88.

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $65.31 on Monday. The firm’s 50 day moving average price is $62.24 and its 200-day moving average price is $47.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29. BJ’s Restaurants has a one year low of $28.46 and a one year high of $74.60. The firm has a market cap of $1.39 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.05 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $388.89 million during the quarter, compared to analysts’ expectations of $377.07 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share.

Insider Buying and Selling at BJ’s Restaurants

In other BJ’s Restaurants news, EVP Kendra D. Miller sold 19,261 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.60, for a total transaction of $1,070,911.60. Following the sale, the executive vice president directly owned 28,599 shares in the company, valued at $1,590,104.40. This represents a 40.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noah A. Elbogen sold 7,535 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $70.14, for a total transaction of $528,504.90. Following the completion of the transaction, the director directly owned 71,655 shares of the company’s stock, valued at $5,025,881.70. This represents a 9.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 131,601 shares of company stock worth $8,033,014. 2.40% of the stock is owned by company insiders.

Institutional Trading of BJ’s Restaurants

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in BJ’s Restaurants during the 2nd quarter worth about $200,006,000. UBS Group AG raised its position in BJ’s Restaurants by 576.9% in the 3rd quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in BJ’s Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock valued at $28,557,000 after purchasing an additional 306,930 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of BJ’s Restaurants in the 2nd quarter valued at about $13,380,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of BJ’s Restaurants in the 4th quarter valued at about $10,863,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.