What is William Blair’s Forecast for BJRI FY2024 Earnings?

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Investment analysts at William Blair lifted their FY2024 earnings estimates for BJ’s Restaurants in a report released on Monday, January 20th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $1.25 for the year, up from their previous forecast of $1.23. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.26 per share. William Blair also issued estimates for BJ’s Restaurants’ Q4 2024 earnings at $0.34 EPS, Q1 2025 earnings at $0.54 EPS and FY2025 earnings at $1.45 EPS.

BJRI has been the topic of a number of other reports. Piper Sandler boosted their price objective on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Gordon Haskett raised BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and issued a $43.00 target price on shares of BJ’s Restaurants in a research report on Friday, November 1st. Oppenheimer downgraded BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their target price on shares of BJ’s Restaurants from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, BJ’s Restaurants has a consensus rating of “Hold” and an average target price of $38.00.

BJ’s Restaurants Stock Down 0.8 %

Shares of BJ’s Restaurants stock opened at $35.13 on Thursday. BJ’s Restaurants has a 1 year low of $27.61 and a 1 year high of $38.87. The company has a market cap of $801.67 million, a P/E ratio of 28.10, a P/E/G ratio of 1.70 and a beta of 2.10. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $35.69 and a 200 day moving average price of $33.93.

BJ’s Restaurants (NASDAQ:BJRI) last announced its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $325.70 million for the quarter, compared to analyst estimates of $324.97 million. BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. BJ’s Restaurants’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.16) earnings per share.

Hedge Funds Weigh In On BJ’s Restaurants

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of BJ’s Restaurants by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,284 shares of the restaurant operator’s stock valued at $888,000 after acquiring an additional 1,823 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BJ’s Restaurants by 1.0% during the third quarter. Geode Capital Management LLC now owns 493,006 shares of the restaurant operator’s stock valued at $16,056,000 after purchasing an additional 5,075 shares in the last quarter. Jane Street Group LLC grew its stake in shares of BJ’s Restaurants by 10.4% in the 3rd quarter. Jane Street Group LLC now owns 131,876 shares of the restaurant operator’s stock valued at $4,294,000 after purchasing an additional 12,432 shares during the period. 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 worth $26,000 after buying an additional 719 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in shares of BJ’s Restaurants during the 3rd quarter worth approximately $254,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian S. Krakower sold 2,313 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $35.60, for a total value of $82,342.80. Following the completion of the sale, the insider now owns 5,339 shares in the company, valued at approximately $190,068.40. This trade represents a 30.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by insiders.

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 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.