BJ's Restaurants, Inc. (NASDAQ:BJRI – Get Rating) – Equities researchers at William Blair cut their FY2023 EPS estimates for BJ's Restaurants in a research report issued on Tuesday, October 18th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.73 for the year, down from their previous forecast of $0.82. The consensus estimate for BJ's Restaurants' current full-year earnings is ($0.04) per share.

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Several other research firms also recently weighed in on BJRI. Piper Sandler decreased their price target on shares of BJ's Restaurants from $38.00 to $29.00 and set an "overweight" rating for the company in a research note on Friday, July 22nd. Stephens started coverage on shares of BJ's Restaurants in a research note on Thursday, September 22nd. They set an "equal weight" rating and a $27.00 price target for the company. Wedbush lifted their price target on shares of BJ's Restaurants from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, July 22nd. Barclays decreased their price target on shares of BJ's Restaurants from $21.00 to $17.00 and set an "underweight" rating for the company in a research note on Friday, July 22nd. Finally, Benchmark cut their price objective on shares of BJ's Restaurants to $32.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.00.

BJ's Restaurants Stock Performance

BJ's Restaurants stock opened at $26.88 on Thursday. The company has a 50 day moving average price of $26.16 and a 200-day moving average price of $25.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.36 and a current ratio of 0.43. BJ's Restaurants has a fifty-two week low of $20.15 and a fifty-two week high of $37.64. The company has a market capitalization of $630.44 million, a PE ratio of -122.18 and a beta of 1.75.

BJ's Restaurants (NASDAQ:BJRI – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.22). BJ's Restaurants had a negative return on equity of 1.08% and a negative net margin of 0.42%. The firm had revenue of $329.70 million during the quarter, compared to the consensus estimate of $328.02 million. During the same period in the previous year, the business earned $0.26 EPS.

Hedge Funds Weigh In On BJ's Restaurants

Several institutional investors have recently bought and sold shares of the business. Inspire Investing LLC purchased a new position in BJ's Restaurants in the first quarter worth $237,000. Emerald Advisers LLC grew its holdings in BJ's Restaurants by 11.9% in the first quarter. Emerald Advisers LLC now owns 419,748 shares of the restaurant operator's stock worth $11,879,000 after purchasing an additional 44,561 shares during the last quarter. SG Americas Securities LLC purchased a new position in BJ's Restaurants in the first quarter worth $128,000. Factorial Partners LLC purchased a new position in BJ's Restaurants in the first quarter worth $439,000. Finally, Versor Investments LP purchased a new position in BJ's Restaurants in the first quarter worth $209,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

BJ's Restaurants Company Profile

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BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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