BJ's Restaurants (BJRI) AI Stock Analysis

• Market Cap: $968.67M
• Dividend Yield: N/A
• Average Volume (3M): 563.31K
• Price to Earnings (P/E): 46.8
• Beta (1Y): 1.28
• Revenue Growth: 2.91%
• EPS Growth: -4.86%
• Country: US
• Employees: 21,230
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Restaurants
• EPS (TTM): 0.59
• Shares Outstanding: 22,115,837
• 10 Day Avg. Volume: 523,714
• 30 Day Avg. Volume: 563,314
• PEG Ratio: -0.75
• Price to Book (P/B): 1.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.87
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 2.93
• Enterprise Value/Ebitda: 3.04
• 1Y Price Target: $38.00
• Price Target Upside: -13.24% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 70 Neutral
• Price Target: $48.00 ▲(9.59%Upside)

BJ's Restaurants' strong financial performance and positive earnings outlook are major strengths, supported by improved traffic and margins. The high P/E ratio suggests potential overvaluation, and technical indicators show moderate upward momentum. Strategic initiatives, such as leadership changes and credit enhancements, bolster future growth prospects but require careful monitoring of leverage and cash flow.

Positive Factors

Leadership

Lyle Tick, with prior successful leadership experience, has been promoted to CEO of BJ's Restaurants.

Promotional Success

The $13 mid-week Pizookie Meal Deal promotion continues to build momentum for the brand, with positive traffic driving benefits outweighing modest pressure on average check.

Sales Performance

BJ's Restaurants reported operating results that showed material margin progress from management's strategic efforts and continued sturdy same-store sales growth.

Negative Factors

Leadership Changes

The upcoming resignation of CFO Tom Houdek introduces uncertainty as he moves to a role outside the restaurant industry.

Market Competition

Risks are present due to intense competition in a contracting casual dining market and inflationary labor cost pressures.

Profitability Risks

The margin impact associated with third-party delivery providers poses a risk to the company's profitability.

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, Inc. generates revenue primarily through the sale of food and beverages at its restaurant locations. The company's revenue streams include dine-in services, takeout, and delivery options, which have become increasingly significant. In addition to food sales, BJ's capitalizes on its in-house brewing capabilities by offering craft beers, which contribute to its beverage sales. The company also engages in strategic marketing and partnerships to enhance brand visibility and customer loyalty. Seasonal and promotional offerings further stimulate sales, while investments in technology and digital ordering platforms facilitate customer engagement and operational efficiency. BJ's Restaurants leverages a combination of menu innovation, customer experience, and operational strategies to drive revenue growth.

BJ's Restaurants Financial Statement Overview

Summary

BJ's Restaurants has demonstrated strong financial performance with consistent revenue growth and improved profitability margins. The balance sheet shows moderate leverage typical of the industry, with positive trends in cash flow management. However, historical volatility in free cash flow and leverage requires ongoing attention.

Income Statement

BJ's Restaurants has shown strong revenue growth over the years, with a notable increase in total revenue from 2020 to TTM 2025. Gross profit margin and net profit margin have improved, indicating better cost management and profitability. EBIT and EBITDA margins are also on a positive trajectory, reflecting operational efficiency. However, fluctuations in net income indicate some volatility, which poses potential risks.

Balance Sheet

The company's debt-to-equity ratio suggests a moderate level of leverage, which is typical in the restaurant industry but still entails risk. Return on equity has improved, demonstrating enhanced profitability and efficiency in using shareholders' funds. The equity ratio indicates a stable capital structure, though there is room for strengthening the equity base further.

Cash Flow

BJ's Restaurants has experienced a positive trend in operating cash flow, which is favorable for ongoing operations. The free cash flow growth rate is positive, showing better cash management. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to earnings. However, previous periods of negative free cash flow highlight the need for continued focus on cash management.

Breakdown
TTM	Dec 2024	Mar 2024	Mar 2023	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.37B	1.36B	1.33B	1.28B	1.09B	778.51M
	Gross Profit
388.08M	1.01B	177.79M	144.76M	129.63M	56.42M
	EBIT
23.00M	14.08M	13.76M	780.00K	-10.23M	-68.02M
	EBITDA
90.37M	86.49M	86.01M	67.79M	60.19M	5.11M
	Net Income Common Stockholders
22.46M	16.69M	19.66M	4.08M	-3.61M	-57.88M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.00M	26.10M	29.07M	24.87M	38.53M	54.01M
	Total Assets
1.02B	1.04B	1.06B	1.05B	1.04B	1.06B
	Total Debt
506.58M	500.61M	519.50M	532.71M	525.26M	610.48M
	Net Debt
487.58M	474.51M	490.43M	507.84M	486.73M	556.47M
	Total Liabilities
648.37M	671.05M	692.69M	700.41M	701.39M	765.64M
	Stockholders Equity
371.48M	370.02M	365.76M	345.51M	333.77M	293.79M
Cash Flow		Free Cash Flow
12.06M	24.57M	6.92M	-27.48M	22.10M	-2.78M
	Operating Cash Flow
83.76M	101.47M	105.84M	51.12M	64.28M	40.54M
	Investing Cash Flow
-71.66M	-76.89M	-98.91M	-71.91M	-42.17M	-35.72M
	Financing Cash Flow
-11.92M	-27.55M	-2.73M	7.13M	-35.25M	24.45M

BJ's Restaurants Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 43.8 is below the 20-day moving average (MA) of 43.85, above the 50-day MA of 38.36, and above the 200-day MA of 35.65, indicating a bullish trend. The MACD of 1.43 indicates Positive momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 38.58 is Neutral, 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
CAKE	74 Outperform	$2.84B	18.00	46.60%	1.88%	4.42%	48.23%
PTLO	73 Outperform	$878.33M	27.42	7.37%	―	4.57%	6.89%
BJRI	70 Neutral	$968.67M	46.78	6.01%	―	2.91%	-4.86%
CBRL	65 Neutral	$1.21B	21.16	12.90%	1.83%	2.84%	-4.44%
Sector *	63 Neutral	$6.94B	11.34	2.80%	4.26%	2.68%	-24.70%
BH	60 Neutral	$788.37M	14.87	-10.29%	―	0.85%	-571.58%
JACK	50 Neutral	$392.31M	―	4.15%	8.87%	-6.02%	-136.86%

BJ's Restaurants Corporate Events

BJ’s Restaurants Appoints Lyle D. Tick as CEO

On June 5, 2025, BJ’s Restaurants, Inc. announced the promotion of Lyle D. Tick to Chief Executive Officer and President, succeeding interim CEO C. Bradford Richmond, who will transition to a Special Advisor role. This leadership change is expected to strengthen BJ’s strategic vision and drive sustainable growth, as Tick’s previous roles have equipped him with extensive experience in brand positioning and operational leadership. Additionally, the company announced the resignation of Chief Financial Officer Thomas A. Houdek, effective June 20, 2025, as he moves to a new position outside the restaurant industry.

The most recent analyst rating on (BJRI) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on BJ’s Restaurants stock, see the BJRI Stock Forecast page.

BJ’s Restaurants Enhances Credit Agreement for Growth

On May 30, 2025, BJ’s Restaurants, Inc. entered into a Fifth Amended and Restated Credit Agreement with Bank of America and other lenders to modify its existing revolving line of credit. The agreement extends the maturity date to May 30, 2030, introduces a swingline subfacility, and adjusts interest rates and loan covenants, allowing the company to increase its credit line up to $315 million. This move is aimed at enhancing the company’s financial flexibility for working capital and general corporate purposes, with implications for its operational stability and strategic growth.

The most recent analyst rating on (BJRI) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on BJ’s Restaurants stock, see the BJRI Stock Forecast page.