BJ’s Restaurants’ (BJRI) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of BJ’s Restaurants (NASDAQ:BJRI) in a research note released on Friday morning, Benzinga reports. They currently have a $43.00 target price on the restaurant operator’s stock. Wedbush also issued estimates for BJ’s Restaurants’ FY2024 earnings at $1.26 EPS, Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.39 EPS.

Other research analysts have also issued research reports about the company. Barclays cut their price target on BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Benchmark cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.57.

BJ’s Restaurants Price Performance

BJRI stock opened at $33.44 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $32.90 and its 200 day simple moving average is $33.48. BJ’s Restaurants has a 12-month low of $26.25 and a 12-month high of $38.87. The firm has a market cap of $781.93 million, a price-to-earnings ratio of 26.75, a PEG ratio of 1.86 and a beta of 2.10.

BJ’s Restaurants (NASDAQ:BJRI) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. BJ’s Restaurants had a return on equity of 7.98% and a net margin of 2.24%. BJ’s Restaurants’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.16) earnings per share. On average, analysts expect that BJ’s Restaurants will post 1.42 earnings per share for the current year.

Insider Activity at BJ’s Restaurants

In related news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $29.40 per share, with a total value of $73,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,905 shares of the company’s stock, valued at approximately $497,007. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of BJ’s Restaurants during the 2nd quarter valued at $40,000. EntryPoint Capital LLC purchased a new stake in shares of BJ’s Restaurants during the first quarter worth about $45,000. US Bancorp DE grew its position in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of BJ’s Restaurants during the second quarter valued at approximately $57,000. Finally, Headlands Technologies LLC raised its holdings in BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,328 shares in the last quarter. 99.95% of the stock is owned by 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 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.