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Bj's Restaurants (BJRI)
NASDAQ:BJRI
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BJ's Restaurants
(NASDAQ:BJRI)
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Select Model
Rating:67Neutral
Price Target:
$36.00
▲(2.95% Upside)
BJ's Restaurants' overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting effective strategic initiatives and operational efficiencies. However, the bearish technical indicators and moderate overvaluation weigh down the score.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health.
Debt Reduction
Reducing debt enhances financial flexibility and reduces interest burden, strengthening the company's balance sheet and future growth potential.
Operational Efficiency
Improved operational efficiency reduces costs and enhances customer satisfaction, supporting sustainable profit margins and competitive positioning.
Negative Factors
Gross Profit Margin Decline
A declining gross profit margin suggests rising costs or pricing pressures, which could impact long-term profitability if not addressed.
Inflationary Pressures
Persistent inflationary pressures on food costs can erode profit margins, necessitating strategic pricing or cost management adjustments.
Leadership Transition
Leadership changes can introduce uncertainty and disrupt strategic continuity, potentially impacting long-term strategic execution and stability.
BJ's Restaurants (BJRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$739.08M
Dividend YieldN/A
Average Volume (3M)497.95K
Price to Earnings (P/E)26.2
Beta (1Y)1.24
Revenue Growth3.85%
EPS Growth7.57%
CountryUS
Employees21,230
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.04
Shares Outstanding21,134,780
10 Day Avg. Volume627,709
30 Day Avg. Volume497,948
Financial Highlights & Ratios
PEG Ratio-3.41
Price to Book (P/B)2.20
Price to Sales (P/S)0.60
P/FCF Ratio33.08
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit1.85
Enterprise Value/Ebitda11.63
Forecast
1Y Price Target
$37.20Price Target Upside6.38% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)2.14
Revenue Forecast (FY)$1.40B
BJ's Restaurants Business Overview & Revenue Model
Company DescriptionBJ'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 MoneyBJ's Restaurants generates revenue primarily through the sale of food and beverages at its locations. The company operates a mix of company-owned restaurants and is focused on driving sales through dine-in, takeout, and catering services. Key revenue streams include the sale of menu items, alcoholic beverages, and seasonal promotions. BJ's also benefits from its proprietary brewing operations, producing craft beers that enhance its menu offerings and attract customers. Additional revenue is generated through strategic partnerships with delivery services and promotional campaigns, which help to increase brand visibility and reach a wider audience.
BJ's Restaurants Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Positive
The earnings call highlighted consistent growth in sales and traffic, improved profit margins, successful marketing strategies, and increased share repurchases. However, there were challenges related to check compression and anticipated increases in medical costs. Despite the lowlights, the achievements and positive trends significantly outweigh the challenges, indicating a strong performance.Q3-2025 Updates
Positive Updates
Consistent Sales and Traffic Growth
The company reported its fifth consecutive quarter of sales and traffic growth, with Q3 same-store sales growth of 0.5% and an average of 1.5% comp growth in the final two months of the quarter.
Improved Profit Margins
Q3 delivered 12.5% restaurant level operating margins and 6.4% EBITDA margins, showing an improvement of 80 and 70 basis points, respectively, year-over-year.
Successful Marketing Strategies
The marketing focus on social media and seasonal promotions resulted in a 300% increase in earned media impressions and a 350% increase in overall engagement.
Increased Share Repurchase Authorization
The company repurchased and retired 996,000 common shares for $33.2 million during Q3, with the Board authorizing an additional $75 million in share repurchases.
Negative Updates
Check Compression Issues
There was a year-over-year compression in average check driven by growth in late-night and Pizookie Meal Deal sales, which carry a lower check, and continued pressure on alcohol beverage sales.
Higher Anticipated Medical Cost Inflation
Labor and benefit expenses were flat year-over-year, largely due to accruals for higher anticipated medical cost inflation related to workers' compensation.
Company Guidance
During BJ's Restaurants' third quarter 2025 earnings call, the company reported a 0.5% increase in same-store sales and a 1.4% rise in total sales, reaching $330 million. BJ's achieved 12.5% restaurant-level operating margins and a 6.4% EBITDA margin, representing year-over-year improvements of 80 and 70 basis points, respectively. The company highlighted strong traffic growth, with a 3.5% year-on-year increase over the last six weeks, supported by successful marketing strategies and product offerings, such as the Pizookie Meal Deal. Additionally, BJ's repurchased 996,000 shares for $33.2 million in the third quarter, updating their annual share repurchase expectations to $65 million to $80 million. Looking ahead, BJ's reiterated its full-year top-line growth guidance of approximately 2% and expressed confidence in continued performance improvement driven by strategic initiatives and new product launches.BJ's Restaurants Financial Statement Overview
Summary
BJ's Restaurants demonstrates 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.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.75
Positive
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.65
Positive
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.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38B | 1.36B | 1.16B | 1.12B | 1.03B | 993.05M |
| Gross Profit | 626.82M | 1.01B | 185.69M | 194.80M | 171.99M | 191.64M |
| EBITDA | 99.93M | 86.49M | 122.91M | 127.27M | 112.67M | 129.26M |
| Net Income | 27.51M | 16.69M | 45.24M | 50.81M | 44.78M | 45.56M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 1.04B | 1.07B | 695.11M | 684.96M | 708.88M |
| Cash, Cash Equivalents and Short-Term Investments | 25.96M | 26.10M | 22.39M | 29.22M | 24.34M | 22.76M |
| Total Debt | 477.66M | 500.61M | 623.53M | 95.00M | 163.50M | 148.00M |
| Total Liabilities | 638.67M | 671.05M | 781.80M | 385.89M | 426.23M | 433.98M |
| Stockholders Equity | 386.56M | 370.02M | 290.29M | 309.22M | 258.73M | 274.90M |
Cash Flow | ||||||
| Free Cash Flow | 53.23M | 24.57M | 33.84M | 71.95M | 36.30M | 29.00M |
| Operating Cash Flow | 125.84M | 101.47M | 116.00M | 132.92M | 107.04M | 138.36M |
| Investing Cash Flow | -72.56M | -76.89M | -78.12M | -55.46M | -52.83M | -104.85M |
| Financing Cash Flow | -43.50M | -27.55M | -44.71M | -72.56M | -52.63M | -45.35M |
BJ's Restaurants Technical Analysis
Positive
34.97
Price Trends
31.75
Positive
35.38
Negative
36.31
Negative
Market Momentum
0.82
Negative
60.37
Neutral
87.00
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 34.97 is above the 20-day moving average (MA) of 32.37, above the 50-day MA of 31.75, and below the 200-day MA of 36.31, indicating a neutral trend. The MACD of 0.82 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 87.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BJRI.
BJ's Restaurants Risk Analysis
BJ's Restaurants disclosed 25 risk factors in its most recent earnings report. BJ's Restaurants reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BJ's Restaurants Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $2.36B | 14.41 | 39.14% | 2.28% | 4.90% | 27.14% | |
68 Neutral | ― | ― | 19.65% | ― | -1.72% | -70.31% | |
67 Neutral | $739.08M | 26.17 | 8.44% | ― | 3.85% | 7.57% | |
67 Neutral | $372.35M | 13.65 | 5.82% | ― | 2.40% | -14.90% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $587.04M | ― | -4.77% | ― | 18.88% | 79.28% | |
47 Neutral | $568.82M | ― | 10.80% | 10.34% | -13.07% | -1139.12% |
* Consumer Cyclical Sector Average
BJRI
BJ's Restaurants
34.97
-0.25
-0.71%
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KRUS
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48.54
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PTLO
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BJ's Restaurants Corporate Events
Executive/Board Changes
BJ’s Restaurants Appoints Interim Financial Officer
Neutral
Jul 24, 2025
On July 24, 2025, BJ’s Restaurants, Inc. announced the appointment of William J. Atkins as its Interim Principal Financial Officer, effective July 28, 2025, as the company continues its search for a permanent Chief Financial Officer. Mr. Atkins, a partner at FLG Partners, brings extensive experience from various CFO roles in different industries, and his appointment is governed by a consulting agreement with FLG Partners, which includes an hourly rate and indemnification terms.
Executive/Board ChangesShareholder Meetings
BJ’s Restaurants Appoints CEO Lyle Tick to Board
Neutral
Jun 18, 2025
On June 16, 2025, BJ’s Restaurants, Inc. appointed its CEO and President, Lyle D. Tick, to the Board of Directors, following the terms of his employment agreement. Additionally, former CEO Gregory A. Trojan announced his retirement from the Board, effective September 16, 2025. During the Annual Meeting of Shareholders on June 12, 2025, shareholders voted on several key issues, including the election of directors, executive compensation, and the ratification of KPMG LLP as the independent accounting firm for fiscal 2025. While the compensation and accounting firm ratification were approved, the proposal for a food waste transparency report was not passed.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.