BJ’s Restaurants, Inc. (NASDAQ:BJRI – Get Rating) – Equities researchers at Zacks Research dropped their Q2 2023 EPS estimates for shares of BJ’s Restaurants in a note issued to investors on Thursday, May 11th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $0.28 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $0.66 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q3 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.33 EPS and FY2025 earnings at $1.23 EPS.
Other analysts also recently issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of BJ’s Restaurants in a report on Monday, April 17th. TheStreet upgraded shares of BJ’s Restaurants from a “d+” rating to a “c-” rating in a research note on Thursday, February 16th. CL King increased their price objective on shares of BJ’s Restaurants from $36.00 to $42.00 in a research note on Friday, February 17th. Wedbush increased their price objective on shares of BJ’s Restaurants from $36.00 to $38.00 in a research note on Friday, April 28th. Finally, StockNews.com upgraded shares of BJ’s Restaurants from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Restaurants presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.
BJ’s Restaurants Stock Performance
Shares of BJRI stock opened at $29.92 on Monday. BJ’s Restaurants has a one year low of $20.15 and a one year high of $36.14. The company’s 50-day moving average is $29.61 and its 200 day moving average is $30.52. The company has a market capitalization of $704.35 million, a price-to-earnings ratio of 115.08, a price-to-earnings-growth ratio of 3.12 and a beta of 1.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.36 and a current ratio of 0.42.
BJ’s Restaurants (NASDAQ:BJRI – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The restaurant operator reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. BJ’s Restaurants had a net margin of 0.46% and a return on equity of 1.22%. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $331.83 million. During the same period in the prior year, the firm posted $0.06 EPS. BJ’s Restaurants’s revenue for the quarter was up 14.3% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in BJ’s Restaurants by 11.6% during the third quarter. Hsbc Holdings PLC now owns 30,787 shares of the restaurant operator’s stock worth $745,000 after buying an additional 3,196 shares during the period. Emerald Advisers LLC raised its holdings in shares of BJ’s Restaurants by 12.7% in the fourth quarter. Emerald Advisers LLC now owns 608,545 shares of the restaurant operator’s stock valued at $16,053,000 after acquiring an additional 68,369 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of BJ’s Restaurants by 79.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 410,320 shares of the restaurant operator’s stock valued at $10,824,000 after acquiring an additional 181,986 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of BJ’s Restaurants in the third quarter valued at about $342,000. Finally, Verition Fund Management LLC bought a new stake in shares of BJ’s Restaurants in the third quarter valued at about $616,000. 94.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Brian S. Krakower sold 950 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $31.08, for a total value of $29,526.00. Following the completion of the transaction, the insider now directly owns 6,129 shares of the company’s stock, valued at $190,489.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.
About BJ’s Restaurants
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BJ’s Restaurants, Inc engages in the ownership and operation of casual dining restaurants. The firm operates BJ’s Restaurant and Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza and Grill or BJ’s Grill. It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers.
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