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

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Investment analysts at William Blair increased their FY2024 EPS estimates for shares of BJ’s Restaurants in a report released on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $1.38 per share for the year, up from their prior estimate of $1.34. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.42 per share. William Blair also issued estimates for BJ’s Restaurants’ Q4 2024 earnings at $0.36 EPS.

Other analysts also recently issued research reports about the stock. Benchmark downgraded shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Wedbush restated an “outperform” rating and set a $43.00 price target on shares of BJ’s Restaurants in a research note on Thursday, August 29th. Finally, Barclays lowered their price target on shares of BJ’s Restaurants from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, BJ’s Restaurants currently has a consensus rating of “Hold” and an average target price of $38.43.

BJ’s Restaurants Price Performance

Shares of NASDAQ BJRI opened at $35.77 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $836.41 million, a PE ratio of 35.77, a PEG ratio of 1.66 and a beta of 2.12. The stock’s 50 day moving average price is $32.20 and its 200-day moving average price is $33.33. BJ’s Restaurants has a twelve month low of $22.35 and a twelve month high of $38.87.

BJ’s Restaurants (NASDAQ:BJRI) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. BJ’s Restaurants had a net margin of 2.19% and a return on equity of 7.83%. The firm had revenue of $349.93 million during the quarter, compared to analyst estimates of $349.18 million. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue was up .1% compared to the same quarter last year.

Hedge Funds Weigh In On BJ’s Restaurants

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in BJ’s Restaurants in the second quarter worth approximately $40,000. EntryPoint Capital LLC bought a new position in shares of BJ’s Restaurants during the first quarter valued at about $45,000. 1620 Investment Advisors Inc. purchased a new position in shares of BJ’s Restaurants in the second quarter worth about $57,000. Headlands Technologies LLC lifted its stake in shares of BJ’s Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,328 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in BJ’s Restaurants during the 2nd quarter valued at about $187,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BJ’s Restaurants

In related news, CEO C Bradford Richmond purchased 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $29.40 per share, with a total value of $73,500.00. Following the purchase, the chief executive officer now directly owns 16,905 shares in the company, valued at approximately $497,007. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is 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.