Research Analysts Offer Predictions for BJRI Q3 Earnings

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Zacks Research raised their Q3 2026 earnings per share estimates for BJ’s Restaurants in a research report issued on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $2.20 per share. Zacks Research also issued estimates for BJ’s Restaurants’ Q2 2027 earnings at $0.93 EPS, Q3 2027 earnings at $0.20 EPS, Q4 2027 earnings at $0.70 EPS, Q1 2028 earnings at $0.68 EPS and FY2028 earnings at $2.68 EPS.

Several other analysts have also issued reports on BJRI. Mizuho cut their price target 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. Citigroup cut their price target on BJ’s Restaurants from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Piper Sandler boosted their price target on BJ’s Restaurants from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays cut their price target on BJ’s Restaurants from $42.00 to $38.00 and set an “underweight” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded BJ’s Restaurants from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.00.

BJ’s Restaurants Stock Performance

NASDAQ:BJRI opened at $43.87 on Thursday. The stock has a 50-day simple moving average of $37.81 and a two-hundred day simple moving average of $39.14. BJ’s Restaurants has a 52-week low of $28.46 and a 52-week high of $47.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.31. The firm has a market capitalization of $922.15 million, a PE ratio of 22.16, a P/E/G ratio of 1.37 and a beta of 1.29.

BJ’s Restaurants (NASDAQ:BJRI) last released its quarterly earnings results on Tuesday, May 5th. The restaurant operator reported $0.57 earnings per share (EPS) 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 company had revenue of $358.12 million for the quarter, compared to the consensus estimate of $356.97 million. During the same period in the prior year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Hedge Funds Weigh In On BJ’s Restaurants

Large investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of BJ’s Restaurants by 187.7% in the fourth quarter. CWM LLC now owns 699 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 456 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of BJ’s Restaurants by 39.3% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 265 shares in the last quarter. Quarry LP lifted its position in shares of BJ’s Restaurants by 1,618.3% in the third quarter. Quarry LP now owns 1,031 shares of the restaurant operator’s stock worth $31,000 after buying an additional 971 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of BJ’s Restaurants in the fourth quarter worth about $63,000. Finally, BNP Paribas Financial Markets lifted its position in shares of BJ’s Restaurants by 77.5% in the second quarter. BNP Paribas Financial Markets now owns 2,317 shares of the restaurant operator’s stock worth $103,000 after buying an additional 1,012 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Brian S. Krakower sold 2,600 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.03, for a total value of $91,078.00. Following the transaction, the executive vice president directly owned 5,062 shares in the company, valued at $177,321.86. The trade was a 33.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Bradford Richmond acquired 1,200 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $35.10 per share, for a total transaction of $42,120.00. Following the completion of the transaction, the director directly owned 16,700 shares of the company’s stock, valued at approximately $586,170. This represents a 7.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 3,200 shares of company stock worth $110,670 over the last 90 days. Company insiders own 4.30% of the company’s stock.

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.