BJ’s Restaurants: A Strong Buy with Potential for Growth

BJ’s Restaurants: A Stock Worth Keeping an Eye On

BJ’s Restaurants (NASDAQ:BJRI) has been making waves in the stock market recently. Shares opened on Monday at $29.92, and the company has seen significant gains over the past year with a one year high of $36.14 and a market capitalization of $704.35 million.

What makes BJ’s Restaurants so intriguing is not just their current success, but also their potential for continued growth. According to recent research reports from Benchmark, CL King, Wedbush, and TheStreet, BJ’s Restaurants is a strong buy with a consensus price target of $34.00.

The company’s financials are impressive as well; BJ’s Restaurants boasts a price-to-earnings ratio of 115.08 and a beta of 1.94. In addition, the restaurant operator exceeded expectations with its latest quarterly earnings report on April 27th, revealing an EPS of $0.15 – beating the consensus estimate by $0.11.

Insiders have also shown confidence in BJ’s Restaurants’ future prospects; insider Brian S. Krakower sold 950 shares at an average price of $31.08 in March for a total value of $29,526.00.

Of course, no investment comes without risk, and it is important for investors to consider potential downsides before committing funds to any stock option.

However, based on current trends and analyst reports, it seems that BJ’s Restaurants is definitely worth keeping an eye on for investors seeking opportunities in the restaurant industry who don’t mind taking calculated risks to achieve great rewards.

Date reference: June 14th, 2021

BJ’s Restaurants, Inc. Faces Earnings Per Share Dip for Q2 2023 but Shows Promise for Future Growth

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BJ’s Restaurants, Inc. has recently been a topic of discussion among equities researchers due to a drop in estimated earnings per share (EPS) for Q2 2023. According to Zacks Research, investors should now expect the restaurant operator to earn $0.28 per share for the upcoming quarter, which is down from their previous projection of $0.31.

Despite this setback, experts estimate that the company’s full-year earnings for 2023 will amount to $0.66 per share. Moreover, there are promising predictions for BJ’s Restaurants further down the line – Zacks Research has also issued EPS estimates for Q3 2024 ($0.06), Q1 2025 ($0.33), and FY2025 ($1.23).

Institutional investors and hedge funds have made some notable moves regarding their holdings in BJ’s Restaurants recently as well. Hsbc Holdings PLC raised its stake in the company by 11.6% during Q3 last year and currently owns around 30,787 shares valued at $745,000.

Additionally, Emerald Advisers LLC increased its holdings by 12.7% in Q4 last year, bringing their total number of shares in BJ’s Restaurants to approximately 608,545 with a value of $16,053,000. Emerald Mutual Fund Advisers Trust took an even more significant step forward by raising their holdings by nearly 80% during Q4 last year and now possesses roughly 410,320 shares worth approximately $10,824,000.

Boothbay Fund Management LLC entered into the fray during Q3 last year by purchasing a stake valued at about $342,000 while Verition Fund Management LLC also began investing during this time with a new stake worth approximately $616,000.

Overall, with just over 94% of stocks owned by hedge funds or other institutional investors it’s clear that there is still plenty of interest in BJ’s Restaurants, regardless of the current dip in earnings per share. Investors will be keeping a keen eye on these stocks as we move closer to Q2 2023 and beyond.