Analysts Cut Price Target for BJ's Restaurants

Citigroup reduces price objective on the casual dining chain's stock

Apr. 16, 2026 at 6:08pm

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A polished, geometric metal sculpture in the shape of a stylized restaurant logo, placed on a clean, monochromatic background and dramatically lit to represent the abstract corporate strategy and financial performance of the casual dining industry.A minimalist, high-contrast studio photograph captures the abstract essence of the casual dining industry's financial performance.Orange Today

Analysts at Citigroup have lowered their price target for shares of BJ's Restaurants (NASDAQ:BJRI) from $49.00 to $47.00, while maintaining a 'neutral' rating on the restaurant operator's stock.

Why it matters

This price target reduction reflects analysts' cautious outlook on the broader casual dining industry, which has faced challenges in the post-pandemic recovery period. BJ's Restaurants, known for its deep-dish pizzas and in-house craft beer, will need to navigate these headwinds as it aims to regain pre-COVID sales and profitability levels.

The details

In a research note, Citigroup cited the ongoing pressures facing BJ's Restaurants, including rising costs and a competitive environment, as reasons for the lower price target. The new $47.00 target still represents a potential upside of nearly 28% from the stock's previous closing price.

  • Citigroup issued the updated price target and rating on Thursday, April 16, 2026.

The players

BJ's Restaurants

A publicly traded casual dining chain known for its deep-dish pizzas, thin-crust offerings, and in-house craft beer selections.

Citigroup

A major global investment bank that provides research coverage on BJ's Restaurants.

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The takeaway

This price target reduction underscores the ongoing challenges facing the casual dining industry, as BJ's Restaurants and its peers work to regain their footing in a post-pandemic landscape marked by inflationary pressures and intense competition. The company's ability to navigate these headwinds will be crucial in determining its future performance.