(BJRI) BJs Restaurants - Overview
Sector: Consumer Cyclical | Industry: Restaurants | Exchange: NASDAQ (USA) | Market Cap: 933m USD | Total Return: 0.3% in 12m
Avg Turnover: 11.8M
EPS Trend: 97.5%
Qual. Beats: 0
Rev. Trend: 84.5%
Qual. Beats: 0
Warnings
Altman Z'' 0.93 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
BJ’s Restaurants, Inc. (BJRI) is a California-based casual dining operator founded in 1978. The company manages a portfolio of full-service restaurants across the United States, featuring a menu centered on deep-dish pizzas, proprietary craft beers, and its trademarked Pizookie desserts. Formerly known as Chicago Pizza & Brewery, Inc., the firm transitioned to its current corporate identity in 2004 to reflect its broader casual dining appeal.
The company operates within the casual dining segment of the restaurant industry, a sector characterized by high labor costs and sensitivity to consumer discretionary spending. BJRI utilizes a high-volume business model, often situating large-format restaurants in high-traffic retail hubs to maximize guest counts. Unlike many competitors that rely on third-party brewing, the company maintains a proprietary craft beer program to enhance margins and brand differentiation.
Investors can evaluate the companys historical valuation trends and margin stability on ValueRay. Detailed financial filings indicate that the company focuses on a hub-and-spoke distribution model for its brewery operations to maintain supply chain efficiency across its domestic locations.
- Accelerated remodeling program drives higher average check and comparable restaurant sales
- Fluctuating beef and commodity prices impact restaurant level operating margins
- Geographic expansion strategy depends on successful entry into high-growth suburban markets
- Labor cost inflation and minimum wage hikes pressure consolidated EBITDA margins
- Activist investor pressure forces operational streamlining and capital allocation shifts
| Net Income: 44.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 6.84 > 1.0 |
| NWC/Revenue: -9.44% < 20% (prev -7.34%; Δ -2.11% < -1%) |
| CFO/TA 0.15 > 3% & CFO 148.9m > Net Income 44.4m |
| Net Debt (840.6m) to EBITDA (130.6m): 6.44 < 3 |
| Current Ratio: 0.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (21.9m) vs 12m ago -5.98% < -2% |
| Gross Margin: 58.12% > 18% (prev 0.30%; Δ 5.78k% > 0.5%) |
| Asset Turnover: 139.6% > 50% (prev 134.1%; Δ 5.47% > 0%) |
| Interest Coverage Ratio: 10.75 > 6 (EBITDA TTM 130.6m / Interest Expense TTM 4.60m) |
| A: -0.13 (Total Current Assets 60.4m - Total Current Liabilities 193.5m) / Total Assets 999.1m |
| B: 0.30 (Retained Earnings 299.2m / Total Assets 999.1m) |
| C: 0.05 (EBIT TTM 49.5m / Avg Total Assets 1.01b) |
| D: 0.48 (Book Value of Equity 299.2m / Total Liabilities 626.5m) |
| Altman-Z'' = 0.93 = BB |
| DSRI: 0.87 (Receivables 14.6m/16.3m, Revenue 1.41b/1.37b) |
| GMI: 0.51 (GM 58.12% / 29.70%) |
| AQI: 1.08 (AQ_t 0.12 / AQ_t-1 0.11) |
| SGI: 1.03 (Revenue 1.41b / 1.37b) |
| TATA: -0.10 (NI 44.4m - CFO 148.9m) / TA 999.1m) |
| Beneish M = -3.61 (Cap -4..+1) = AAA |
As of May 25, 2026, the stock is trading at USD 44.56 with a total of 175,536 shares traded.
Over the past week, the price has changed by +5.94%,
over one month by +16.74%,
over three months by +10.35% and
over the past year by +0.25%.
BJs Restaurants has received a consensus analysts rating of 3.13. Therefore, it is recommended to hold BJRI.
- StrongBuy: 1
- Buy: 0
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 44.4 | -0.3% |
P/E Forward = 21.1416
P/S = 0.6622
P/B = 2.5066
P/EG = 1.5112
Revenue TTM = 1.41b USD
EBIT TTM = 49.5m USD
EBITDA TTM = 130.6m USD
Long Term Debt = 62.0m USD (from longTermDebt, last quarter)
Short Term Debt = 44.3m USD (from shortTermDebt, last quarter)
Debt = 863.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 400.7m
Net Debt = 840.6m USD (calculated: Debt 863.3m - CCE 22.7m)
Enterprise Value = 1.77b USD (933.2m + Debt 863.3m - CCE 22.7m)
Interest Coverage Ratio = 10.75 (Ebit TTM 49.5m / Interest Expense TTM 4.60m)
EV/FCF = 22.13x (Enterprise Value 1.77b / FCF TTM 80.1m)
FCF Yield = 4.52% (FCF TTM 80.1m / Enterprise Value 1.77b)
FCF Margin = 5.69% (FCF TTM 80.1m / Revenue TTM 1.41b)
Net Margin = 3.15% (Net Income TTM 44.4m / Revenue TTM 1.41b)
Gross Margin = 58.12% ((Revenue TTM 1.41b - Cost of Revenue TTM 590.2m) / Revenue TTM)
Gross Margin QoQ = 9.59% (prev 74.46%)
Tobins Q-Ratio = 1.78 (Enterprise Value 1.77b / Total Assets 999.1m)
Interest Expense / Debt = 0.53% (Interest Expense 4.60m / Debt 863.3m)
Taxrate = 0.61% (55.0k / 9.09m)
NOPAT = 49.2m (EBIT 49.5m * (1 - 0.61%))
Current Ratio = 0.31 (Total Current Assets 60.4m / Total Current Liabilities 193.5m)
Debt / Equity = 2.32 (Debt 863.3m / totalStockholderEquity, last quarter 372.5m)
Debt / EBITDA = 6.44 (Net Debt 840.6m / EBITDA 130.6m)
Debt / FCF = 10.49 (Net Debt 840.6m / FCF TTM 80.1m)
Total Stockholder Equity = 370.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 44.4m / Total Assets 999.1m)
RoE = 11.97% (Net Income TTM 44.4m / Total Stockholder Equity 370.4m)
RoCE = 11.44% (EBIT 49.5m / Capital Employed (Equity 370.4m + L.T.Debt 62.0m))
RoIC = 5.79% (NOPAT 49.2m / Invested Capital 849.9m)
WACC = 5.01% (E(933.2m)/V(1.80b) * Re(9.16%) + D(863.3m)/V(1.80b) * Rd(0.53%) * (1-Tc(0.01)))
Discount Rate = 9.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -3.51%
[DCF] Terminal Value 77.97% ; FCFF base≈52.9m ; Y1≈60.7m ; Y5≈89.3m
[DCF] Fair Price = 23.92 (EV 1.34b - Net Debt 840.6m = Equity 502.7m / Shares 21.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.51 | EPS CAGR: 67.26% | SUE: -0.65 | # QB: 0
Revenue Correlation: 84.53 | Revenue CAGR: 1.95% | SUE: 0.36 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.83 | Chg30d=-6.88% | Revisions=-27% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.13 | Chg30d=+29.50% | Revisions=+11% | Analysts=11
EPS current Year (2026-12-31): EPS=2.22 | Chg30d=-4.40% | Revisions=-20% | GrowthEPS=-2.0% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=2.61 | Chg30d=-1.91% | Revisions=-27% | GrowthEPS=+17.8% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -27%