Zacks Research Has Optimistic Outlook of BJRI Q4 Earnings

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Research analysts at Zacks Research lifted their Q4 2026 EPS estimates for BJ’s Restaurants in a research note issued on Wednesday, December 10th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $0.65 per share for the quarter, up from their previous forecast of $0.60. 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. Zacks Research also issued estimates for BJ’s Restaurants’ Q3 2027 earnings at $0.10 EPS.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein restated an “underweight” rating and issued a $30.00 price target on shares of BJ’s Restaurants in a research report on Friday, October 31st. Wall Street Zen cut shares of BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Jefferies Financial Group reissued a “buy” rating and set a $50.00 price target on shares of BJ’s Restaurants in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of BJ’s Restaurants in a research report on Monday, December 8th. Finally, Benchmark reissued a “buy” rating on shares of BJ’s Restaurants in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $38.75.

BJ’s Restaurants Stock Up 1.3%

Shares of BJRI opened at $40.00 on Friday. The company has a market capitalization of $845.60 million, a PE ratio of 29.85, a PEG ratio of 1.30 and a beta of 1.31. The stock’s 50-day moving average price is $34.61 and its two-hundred day moving average price is $36.77. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. BJ’s Restaurants has a 12 month low of $28.46 and a 12 month high of $47.02.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $330.16 million for 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 company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) earnings per share.

Hedge Funds Weigh In On BJ’s Restaurants

Several hedge funds have recently bought and sold shares of the company. Inspire Investing LLC bought a new position in shares of BJ’s Restaurants in the second quarter worth $842,000. American Century Companies Inc. grew its position in BJ’s Restaurants by 6.6% during the second quarter. American Century Companies Inc. now owns 824,597 shares of the restaurant operator’s stock worth $36,777,000 after buying an additional 51,062 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of BJ’s Restaurants in the 2nd quarter valued at about $494,000. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 acquiring an additional 440,078 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 25,892 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

BJ’s Restaurants declared that its board has authorized a stock buyback program on Thursday, October 30th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 11.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.