Benchmark Boosts BJ’s Restaurants (NASDAQ:BJRI) Price Target to $68.00

BJ’s Restaurants (NASDAQ:BJRI) had its price target hoisted by investment analysts at Benchmark from $50.00 to $68.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Benchmark’s price objective suggests a potential upside of 0.76% from the company’s current price.

Several other research firms have also weighed in on BJRI. Piper Sandler upped their price objective on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings lowered BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays lowered their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 6th. Mizuho cut their price objective on BJ’s Restaurants from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, Citigroup reduced their target price on shares of BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.25.

BJ’s Restaurants Trading Up 8.0%

Shares of BJRI stock opened at $67.49 on Friday. The firm has a fifty day moving average of $51.54 and a 200-day moving average of $43.71. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 2.19 and a beta of 1.31. BJ’s Restaurants has a 52-week low of $28.46 and a 52-week high of $68.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.31.

BJ’s Restaurants (NASDAQ:BJRI) last issued its earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). BJ’s Restaurants had a net margin of 3.15% and a return on equity of 13.48%. The business had revenue of $358.12 million for the quarter, compared to analyst estimates of $356.97 million. During the same quarter last year, the firm posted $0.59 earnings per share. BJ’s Restaurants’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that BJ’s Restaurants will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Restaurants

In other news, Director Noah A. Elbogen sold 4,652 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $54.00, for a total value of $251,208.00. Following the completion of the sale, the director directly owned 76,235 shares in the company, valued at approximately $4,116,690. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory S. Lynds sold 6,201 shares of BJ’s Restaurants stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.86, for a total value of $346,387.86. Following the completion of the transaction, the executive vice president directly owned 46,474 shares of the company’s stock, valued at $2,596,037.64. This represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 63,817 shares of company stock worth $3,384,688. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BJ’s Restaurants

A number of hedge funds have recently added to or reduced their stakes in BJRI. UBS Group AG grew its stake in shares of BJ’s Restaurants by 576.9% during the third quarter. UBS Group AG now owns 1,451,883 shares of the restaurant operator’s stock valued at $44,326,000 after purchasing an additional 1,237,383 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BJ’s Restaurants by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,685 shares of the restaurant operator’s stock valued at $39,125,000 after purchasing an additional 30,684 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in BJ’s Restaurants by 48.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 935,375 shares of the restaurant operator’s stock worth $28,557,000 after purchasing an additional 306,930 shares during the last quarter. Raymond James Financial Inc. raised its position in BJ’s Restaurants by 67.3% in the 3rd quarter. Raymond James Financial Inc. now owns 388,779 shares of the restaurant operator’s stock worth $11,869,000 after purchasing an additional 156,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in BJ’s Restaurants by 8.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 385,230 shares of the restaurant operator’s stock worth $15,178,000 after buying an additional 30,269 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

Trending Headlines about BJ’s Restaurants

Here are the key news stories impacting BJ’s Restaurants this week:

• Positive Sentiment: William Blair upgraded BJ’s Restaurants to outperform from market perform, signaling improved expectations for the company. Article: William Blair Upgrades BJ’s Restaurants (BJRI) to Outperform
• Positive Sentiment: Benchmark lifted its price target on BJRI to $68 from $50 and maintained a buy rating, suggesting limited near-term upside but validating the stock’s recent strength. Article: Benchmark Raises Price Target on BJ’s Restaurants (BJRI)
• Neutral Sentiment: BJ’s Restaurants announced it will report second-quarter 2026 earnings on July 30 after the market close and host a conference call the same day, which keeps investors focused on upcoming results. Article: BJ’s Restaurants Announces Date for Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: A Seeking Alpha article discussed BJ’s Restaurants remaining attractive even after its recent run-up, reflecting ongoing market interest in the stock’s valuation and momentum. Article: BJ’s Restaurants Remains Tasty Even After Heating Up

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc is a publicly traded casual dining chain known for its deep‐dish pizzas, California‐style thin crust offerings and in‐house craft beer selections. Operating under the BJ’s Restaurant & Brewhouse brand, the company combines a microbrewery concept with full‐service dining, offering an extensive menu that includes appetizers, salads, pasta dishes, sandwiches and the signature Pizookie dessert.

Founded in 1978 in Orange County, California, BJ’s Restaurants began as BJ’s Chicago Pizzeria, bringing a Chicago‐style pizza experience to the West Coast.