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

Wedbush reiterated their outperform rating on shares of BJ’s Restaurants (NASDAQ:BJRI) in a research report report published on Wednesday, Benzinga reports. The firm currently has a $40.00 price target on the restaurant operator’s stock. Wedbush also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.65 EPS and Q4 2025 earnings at $0.55 EPS.

A number of other research analysts also recently weighed in on BJRI. Oppenheimer upped their price target on BJ’s Restaurants from $37.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Citigroup upped their price target on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a neutral rating in a research note on Friday, February 16th. Barclays upped their price target on BJ’s Restaurants from $25.00 to $30.00 and gave the stock an underweight rating in a research note on Wednesday, January 3rd. Stephens reissued an equal weight rating and issued a $35.00 price objective on shares of BJ’s Restaurants in a research note on Friday, February 16th. Finally, TheStreet raised BJ’s Restaurants from a c rating to a b- rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $37.30.

BJ’s Restaurants Stock Down 1.5 %

Shares of BJ’s Restaurants stock opened at $32.09 on Wednesday. BJ’s Restaurants has a one year low of $21.64 and a one year high of $38.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.42 and a quick ratio of 0.35. The stock’s 50-day moving average is $34.53 and its 200 day moving average is $32.57. The firm has a market cap of $750.91 million, a price-to-earnings ratio of 38.66, a PEG ratio of 1.95 and a beta of 2.12.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. BJ’s Restaurants had a return on equity of 5.45% and a net margin of 1.47%. The company had revenue of $323.64 million for the quarter, compared to analyst estimates of $331.03 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that BJ’s Restaurants will post 1.22 EPS for the current year.

Insider Activity

In other news, VP Alex Puchner sold 7,713 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the transaction, the vice president now directly owns 12,222 shares of the company’s stock, valued at $467,491.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Alex Puchner sold 7,713 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total value of $295,022.25. Following the completion of the transaction, the vice president now directly owns 12,222 shares of the company’s stock, valued at $467,491.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.53, for a total value of $8,598,260.00. Following the completion of the transaction, the insider now directly owns 2,326,476 shares of the company’s stock, valued at $82,659,692.28. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Restaurants

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of BJ’s Restaurants by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,595,522 shares of the restaurant operator’s stock valued at $60,891,000 after acquiring an additional 8,763 shares in the last quarter. RK Capital Management LLC grew its holdings in BJ’s Restaurants by 3.8% during the fourth quarter. RK Capital Management LLC now owns 341,600 shares of the restaurant operator’s stock valued at $12,301,000 after purchasing an additional 12,500 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in BJ’s Restaurants by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,259 shares of the restaurant operator’s stock valued at $11,785,000 after purchasing an additional 4,163 shares during the period. American Century Companies Inc. grew its holdings in BJ’s Restaurants by 15.9% during the third quarter. American Century Companies Inc. now owns 271,651 shares of the restaurant operator’s stock valued at $6,373,000 after purchasing an additional 37,173 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in BJ’s Restaurants by 14.8% during the fourth quarter. First Eagle Investment Management LLC now owns 199,624 shares of the restaurant operator’s stock valued at $7,188,000 after purchasing an additional 25,796 shares during the period. 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. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.