Zacks Research Forecasts Lower Earnings for BJ’s Restaurants

by · The Cerbat Gem

BJ’s Restaurants, Inc. (NASDAQ:BJRI – Free Report) – Stock analysts at Zacks Research cut their Q3 2026 EPS estimates for BJ’s Restaurants in a research note issued to investors on Wednesday, December 10th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $0.00 per share for the quarter, down from their previous forecast of $0.06. Zacks Research has a “Hold” rating on the stock. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.50 per share.

Other analysts have also issued reports about the company. Wall Street Zen lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Benchmark reiterated a “buy” rating on shares of BJ’s Restaurants in a research report on Monday, October 27th. Sanford C. Bernstein reiterated an “underweight” rating and issued a $30.00 price target on shares of BJ’s Restaurants in a report on Friday, October 31st. Mizuho upgraded BJ’s Restaurants to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BJ’s Restaurants in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.75.

Read Our Latest Stock Analysis on BJ’s Restaurants

BJ’s Restaurants Stock Performance

Shares of BJRI stock opened at $40.27 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.36. BJ’s Restaurants has a one year low of $28.46 and a one year high of $47.02. The company’s 50-day simple moving average is $34.98 and its 200-day simple moving average is $36.66. The stock has a market capitalization of $851.31 million, a price-to-earnings ratio of 30.05, a PEG ratio of 1.31 and a beta of 1.31.

BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $330.16 million during the quarter, compared to analyst estimates of $335.86 million. BJ’s Restaurants had a net margin of 2.23% and a return on equity of 12.92%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned ($0.13) EPS.

BJ’s Restaurants announced that its board has approved a share buyback program on Thursday, October 30th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 11.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other BJ’s Restaurants news, EVP Brian S. Krakower sold 8,017 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $39.61, for a total value of $317,553.37. Following the completion of the transaction, the executive vice president owned 4,409 shares in the company, valued at approximately $174,640.49. This represents a 64.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds and other institutional investors have recently made changes to their positions in BJRI. Inspire Investing LLC acquired a new position in shares of BJ’s Restaurants during the second quarter valued at approximately $842,000. American Century Companies Inc. lifted its position in BJ’s Restaurants by 6.6% in the second quarter. American Century Companies Inc. now owns 824,597 shares of the restaurant operator’s stock worth $36,777,000 after purchasing an additional 51,062 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in BJ’s Restaurants by 233.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 628,445 shares of the restaurant operator’s stock valued at $28,029,000 after purchasing an additional 440,078 shares in the last quarter. Sheets Smith Wealth Management bought a new position in BJ’s Restaurants during the 2nd quarter valued at $494,000. Finally, Geode Capital Management LLC increased its position in shares of BJ’s Restaurants by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 523,687 shares of the restaurant operator’s stock valued at $23,359,000 after purchasing an additional 25,892 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Restaurants Company Profile

(Get Free Report)

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.

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