BJ’s Restaurants (NASDAQ:BJRI) Price Target Raised to $48.00

BJ’s Restaurants (NASDAQ:BJRI) had its target price increased by Wedbush from $43.00 to $48.00 in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for BJ’s Restaurants’ Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.73 EPS, FY2025 earnings at $1.74 EPS and Q1 2026 earnings at $0.49 EPS.

A number of other equities analysts also recently commented on the stock. Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Barclays increased their price objective on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday. Gordon Haskett upgraded shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler increased their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.40.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $38.09 on Friday. The firm has a market cap of $869.10 million, a PE ratio of 56.01, a PEG ratio of 1.73 and a beta of 2.11. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. BJ’s Restaurants has a 1-year low of $27.61 and a 1-year high of $41.72. The company has a fifty day moving average price of $35.57 and a 200 day moving average price of $34.23.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.70%. Research analysts predict that BJ’s Restaurants will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BJ’s Restaurants

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its holdings in shares of BJ’s Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 719 shares during the period. US Bancorp DE raised its holdings in BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 906 shares during the period. Headlands Technologies LLC bought a new position in BJ’s Restaurants in the 4th quarter valued at about $108,000. Arizona State Retirement System bought a new position in BJ’s Restaurants in the 4th quarter valued at about $200,000. Finally, Two Sigma Securities LLC bought a new position in BJ’s Restaurants in the 4th quarter valued at about $201,000. 99.95% of the stock is owned by institutional investors.

About BJ’s Restaurants

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.