BJ's Restaurants (BJRI) AI Stock Analysis

• Market Cap: $874.56M
• Dividend Yield: N/A
• Average Volume (3M): 454.68K
• Price to Earnings (P/E): 31.0
• Beta (1Y): 1.21
• Revenue Growth: 3.85%
• EPS Growth: 7.57%
• Country: US
• Employees: 21,230
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.04
• Shares Outstanding: 21,134,780
• 10 Day Avg. Volume: 467,496
• 30 Day Avg. Volume: 454,675
• PEG Ratio: -3.41
• Price to Book (P/B): 2.20
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 33.08
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 1.85
• Enterprise Value/Ebitda: 11.63
• 1Y Price Target: $39.67
• Price Target Upside: -4.13% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): 2.23
• Revenue Forecast (FY): $1.40B

• Rating: 74 Outperform
• Price Target: $41.00 ▼(-0.92% Downside)

BJ's Restaurants demonstrates strong financial performance with solid revenue growth and improved profitability. Technical indicators show bullish momentum, but high valuation and cost management challenges present risks. The earnings call supports a positive outlook, despite some operational challenges.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term business expansion.

Debt Reduction

Reducing debt enhances financial stability and flexibility, allowing the company to invest in growth opportunities and withstand economic fluctuations.

Cash Flow Improvement

Improved cash flow strengthens the company's ability to fund operations, invest in growth, and return capital to shareholders, supporting long-term sustainability.

Negative Factors

Gross Profit Margin Decline

A declining gross profit margin suggests rising costs or pricing pressures, which could impact profitability if not addressed.

Check Compression Issues

Check compression can reduce revenue per customer, potentially impacting overall sales growth and profitability if it persists.

Anticipated Medical Cost Inflation

Rising medical costs can increase operating expenses, affecting margins and limiting the company's ability to invest in growth initiatives.

BJ's Restaurants Business Overview & Revenue Model

Company Description

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

How the Company Makes Money

BJ's Restaurants generates revenue primarily through the sale of food and beverages in its restaurants. The company operates a revenue model based on both dine-in and takeout services, catering to a wide customer base. Key revenue streams include food sales, alcoholic beverages, and non-alcoholic drinks. In addition to in-store dining, BJ's has expanded its delivery and takeout services, which have become increasingly important revenue sources. The company also benefits from beer sales through its BJ's Brewhouse locations, where it produces and sells its own craft beers. Significant partnerships with delivery service providers further enhance its reach and convenience for customers. Seasonal promotions and menu innovations also play a crucial role in driving traffic and sales, contributing to overall earnings.

BJ's Restaurants Financial Statement Overview

Summary

BJ's Restaurants demonstrates a solid financial performance with strong revenue growth and improved profitability. The significant reduction in debt and enhanced cash flow metrics indicate a positive financial trajectory. However, the decline in gross profit margin suggests potential cost management challenges that need to be addressed to sustain profitability.

Income Statement

BJ's Restaurants has shown a positive trajectory in revenue growth, with a TTM revenue growth rate of 14.6%. The company has improved its profitability margins over the years, with the TTM net profit margin at 1.99% and EBIT margin at 1.89%. However, the gross profit margin has decreased from 74.17% in 2024 to 45.30% in the TTM period, indicating potential cost pressures.

Balance Sheet

The balance sheet reflects a significant reduction in debt, with the debt-to-equity ratio improving from 1.35 in 2024 to 0.16 in the TTM period. Return on equity has also improved to 7.31% in the TTM period. However, the equity ratio remains stable, indicating a balanced asset structure.

Cash Flow

Cash flow analysis shows a strong improvement in free cash flow growth, with a remarkable increase of 341.33% in the TTM period. The operating cash flow to net income ratio is healthy at 0.66, indicating efficient cash generation relative to net income. The free cash flow to net income ratio has also improved, reflecting better cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.38B	1.36B	1.33B	1.28B	1.09B	778.51M
Gross Profit	626.82M	1.01B	177.79M	144.76M	129.63M	56.42M
EBITDA	99.93M	86.49M	86.01M	64.97M	58.57M	-9.75M
Net Income	27.51M	16.69M	19.66M	4.08M	-3.61M	-57.88M
Balance Sheet
Total Assets	1.03B	1.04B	1.22B	1.21B	1.04B	1.06B
Cash, Cash Equivalents and Short-Term Investments	25.96M	26.10M	29.07M	24.87M	38.53M	51.66M
Total Debt	477.66M	500.61M	519.50M	532.71M	525.26M	610.48M
Total Liabilities	638.67M	671.05M	856.87M	867.84M	701.39M	765.64M
Stockholders Equity	386.56M	370.02M	365.76M	345.51M	333.77M	293.79M
Cash Flow
Free Cash Flow	53.23M	24.57M	6.92M	-27.48M	22.10M	-2.78M
Operating Cash Flow	125.84M	101.47M	105.84M	51.12M	64.28M	40.54M
Investing Cash Flow	-72.56M	-76.89M	-98.91M	-71.91M	-42.17M	-35.72M
Financing Cash Flow	-43.50M	-27.55M	-2.73M	7.13M	-35.25M	24.45M

BJ's Restaurants Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 41.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BJRI, the sentiment is Positive. The current price of 41.38 is above the 20-day moving average (MA) of 38.58, above the 50-day MA of 35.44, and above the 200-day MA of 36.51, indicating a bullish trend. The MACD of 1.59 indicates Negative momentum. The RSI at 71.82 is Negative, neither overbought nor oversold. The STOCH value of 82.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BJRI.

BJ's Restaurants Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BJRI	74 Outperform	$874.56M	30.97	8.44%	―	3.85%	7.57%
PBPB	68 Neutral	―	―	19.65%	―	-1.72%	-70.31%
PTLO	67 Neutral	$347.48M	12.74	5.82%	―	2.40%	-14.90%
CAKE	66 Neutral	$2.59B	15.80	39.14%	2.08%	4.90%	27.14%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
KRUS	61 Neutral	$670.97M	-329.76	-0.97%	―	18.88%	79.28%
BLMN	52 Neutral	$589.70M	-9.77	10.80%	9.97%	-13.07%	-1139.12%

BJ's Restaurants Corporate Events

BJ’s Restaurants Extends Cooperation Agreement with Act III

On November 14, 2025, BJ’s Restaurants, Inc. amended its Cooperation Agreement with Act III Holdings and related parties, extending its expiration to June 30, 2027, and adjusting stock ownership limits. This amendment allows Act III to increase its beneficial ownership of BJ’s common stock up to a specified cap, while maintaining voting alignment with the company’s board recommendations and collaborating on strategic initiatives.

BJ’s Restaurants Appoints New CFO Todd J. Wilson

On November 5, 2025, BJ’s Restaurants announced the appointment of Todd J. Wilson as Executive Vice President and Chief Financial Officer, effective December 15, 2025. Wilson, who previously served as CFO at Red Robin Gourmet Burgers, brings extensive financial leadership experience to BJ’s. His appointment is expected to strengthen BJ’s financial foundation and support its long-term strategic initiatives, enhancing shareholder value.

BJ’s Restaurants Reports Q3 2025 Financial Results

BJ’s Restaurants, Inc. reported its fiscal third quarter 2025 results, showing a 1.4% increase in total revenues to $330.2 million and a 0.5% rise in comparable restaurant sales. The company achieved a diluted net income per share of $0.02, reversing a previous loss, and enhanced its restaurant level operating profit by 8.8%. BJ’s also repurchased approximately 996,000 shares for $33.2 million, with an additional $75 million authorized for future repurchases. The company continues to focus on strategic initiatives to drive growth and improve operations, with a positive outlook for the remainder of the year.