A Business at a Glance
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BJs RESTAURANTS INC
BJRI
$1.5B
Mkt Cap
$66.86
+2.72%
BJs RESTAURANTS INC (BJRI) has a current P/E ratio of 31.0, compared to its historical median P/E of 21.1. The stock is currently considered Fair based on its historical valuation range.
BJs RESTAURANTS INC (BJRI) has a 5-year average return on invested capital (ROIC) of 3.7%. This is below average and may indicate limited pricing power.
BJs RESTAURANTS INC (BJRI) has a market capitalization of $1.4B. It is classified as a small-cap stock.
BJs RESTAURANTS INC (BJRI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.78%.
Based on historical P/E analysis, BJs RESTAURANTS INC (BJRI) appears fair. The current P/E of 31.0 is 47% above its historical median of 21.1. The estimated fair value CAGR (P/E method) is -5.7%.
BJs RESTAURANTS INC (BJRI) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
BJs RESTAURANTS INC (BJRI) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
BJ’s Restaurants is a leading full-service restaurant brand differentiated by a high-quality, varied menu with compelling value, a dining experience that offers our customers (referred to as “guests”) best-in-class service, hospitality and enjoyment, in a high-energy, welcoming and approachable atmosphere. BJ’s is a national restaurant chain that, as of February 27, 2026, owns and operates 219 restaurants located in 31 states. The first BJ’s restaurant opened in 1978 in Orange County, California, and was a small sit-down pizzeria that featured Chicago style deep-dish pizza with a unique California twist. In 1996, we introduced our proprietary craft beers and expanded the BJ’s concept to a full-service, high-energy restaurant when we opened our first large format restaurant with an on-site brewing operation in Brea, California.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.4B | 1.4B | 1.3B | 15M | 1.1B |
| Net Income | 49M | 49M | 17M | 4.1M | - | -3.6M |
| EPS | $2.16 | $2.16 | $0.70 | $0.17 | - | $-0.16 |
| Free Cash Flow | 41M | 41M | 25M | -27M | - | 22M |
| ROIC | 11.9% | 11.1% | 3.6% | 1.0% | - | -0.9% |
| Gross Margin | - | 74.7% | 74.2% | 72.8% | - | 73.5% |
| Debt/Equity | 0.23 | 0.23 | 0.18 | 0.17 | - | 0.15 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | - | $0.01 |
| Operating Income | 46M | 46M | 14M | -5.5M | - | -17M |
| Operating Margin | 3.3% | 3.3% | 1.0% | -0.4% | - | -1.5% |
| ROE | 13.3% | 13.3% | 4.7% | 1.2% | - | -1.1% |
| Shares Outstanding | 21M | 23M | 24M | 24M | - | 23M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | 993M | 1.0B | 1.2B | 779M | 1.1B | 15M | 1.3B | 1.4B | 1.4B | 1.4B |
| Gross Margin | N/A | N/A | N/A | 74.7% | 74.0% | 74.6% | 74.9% | 73.5% | N/A | 72.8% | 74.2% | 74.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 49M | 52M | 54M | 55M | 55M | 63M | 55M | 68M | N/A | 73M | 88M | 91M | 91M |
| EBIT | 24M | 35M | 63M | 62M | 38M | 49M | -86M | -17M | N/A | -5.5M | 14M | 46M | 46M |
| Op. Margin | N/A | N/A | N/A | 6.2% | 3.7% | 4.2% | -11.1% | -1.5% | N/A | -0.4% | 1.0% | 3.3% | 3.3% |
| Net Income | 21M | 27M | 45M | 46M | 45M | 45M | -58M | -3.6M | N/A | 4.1M | 17M | 49M | 49M |
| Net Margin | N/A | N/A | N/A | 4.6% | 4.3% | 3.9% | -7.4% | -0.3% | N/A | 0.3% | 1.2% | 3.5% | 3.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.9% | 6.7% | 10.1% | 8.4% | 8.0% | 11.9% | -13.7% | -0.9% | N/A | 1.0% | 3.6% | 11.1% | 11.9% |
| ROE | 5.7% | 7.3% | 13.6% | 16.6% | 16.8% | 16.5% | -19.8% | -1.1% | N/A | 1.2% | 4.7% | 13.3% | 13.3% |
| ROA | 3.8% | 4.4% | 6.8% | 6.6% | 6.5% | 5.2% | -5.4% | -0.3% | N/A | 0.4% | 1.6% | 4.7% | 4.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 96M | 100M | 127M | 138M | 107M | 116M | 41M | 64M | 0 | 51M | 101M | 111M | 111M |
| Free Cash Flow | -22M | 12M | 41M | 29M | 36M | 34M | -2.8M | 22M | N/A | -27M | 25M | 41M | 41M |
| Owner Earnings | 42M | 40M | 62M | 69M | 31M | 35M | -42M | -19M | 0 | -29M | 20M | 26M | 25M |
| CapEx | 117M | 88M | 86M | 109M | 71M | 82M | 43M | 42M | 0 | 79M | 77M | 70M | 70M |
| Maint. CapEx | 49M | 55M | 59M | 64M | 69M | 72M | 73M | 73M | 0 | 70M | 73M | 77M | 77M |
| Growth CapEx | 68M | 33M | 27M | 45M | 2.1M | 10M | 0 | 0 | N/A | 8.2M | 4.2M | 0 | 0 |
| D&A | 49M | 55M | 59M | 64M | 69M | 72M | 73M | 73M | 0 | 70M | 73M | 77M | 77M |
| CapEx/OCF | 122.5% | 88.1% | 67.7% | 79.0% | 66.1% | 70.8% | 106.9% | 65.6% | N/A | 153.8% | 75.8% | 63.0% | 63.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 2.3M | 10M | 150K | 118K | 0 | 100K | 13K | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | 0.3% | 0.9% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | N/A | N/A |
| Share Buybacks | 0 | 100M | 96M | 95M | 67M | 83M | 15M | 0 | 0 | 2.4M | 25M | 68M | 68M |
| Buyback Yield | N/A | 12.6% | 8.2% | 11.4% | 8.2% | 7.7% | 1.8% | N/A | N/A | 0.3% | 3.1% | 8.3% | 4.8% |
| Stock-Based Comp | 4.4M | 4.9M | 5.4M | 5.5M | 6.9M | 8.9M | 9.8M | 10M | N/A | 10M | 8.6M | 8.1M | 8.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 743K | 791K | 0 | 3K | 0 | 845K | 845K |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | 76M | 166M | 273M | 139M | 121M | 182M | 11M | 35M | 35M | 40M | 61M | 37M |
| Cash & Equiv. | 23M | 31M | 35M | 23M | 24M | 22M | 52M | 39M | 25M | 25M | 26M | 24M | 48M |
| Long-Term Debt | N/A | 58M | 101M | 148M | 164M | 143M | 117M | 50M | 60M | 60M | 67M | 85M | 85M |
| Debt/Equity | 0.52 | 0.33 | 0.64 | 1.08 | 0.63 | 0.49 | 0.80 | 0.15 | N/A | 0.17 | 0.18 | 0.23 | 0.23 |
| Interest Coverage | 179.4 | 354.3 | 126.1 | 44.0 | 8.4 | 10.6 | -12.2 | -3.3 | N/A | -1.9 | 2.6 | 9.8 | 9.8 |
| Equity | 401M | 349M | 316M | 275M | 259M | 290M | 294M | 334M | N/A | 346M | 370M | 366M | 366M |
| Total Assets | 611M | 647M | 682M | 691M | 684M | 1.1B | 1.1B | 1.0B | N/A | 1.0B | 1.0B | 1.0B | 1.0B |
| Total Liabilities | 209M | 298M | 365M | 416M | 425M | 782M | 766M | 701M | 700M | 700M | 671M | 649M | 649M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.7M | N/A | N/A | N/A | N/A |
| Retained Earnings | 173M | 201M | 246M | 209M | 190M | 223M | 222M | 261M | 271M | 271M | 292M | 291M | 291M |
| Working Capital | -21M | -26M | -24M | -67M | -62M | -94M | -83M | -110M | -115M | -115M | -117M | -113M | -113M |
| Current Assets | 71M | 81M | 93M | 59M | 60M | 65M | 95M | 91M | 82M | 82M | 80M | 75M | 75M |
| Current Liabilities | 92M | 107M | 117M | 126M | 123M | 158M | 178M | 200M | 197M | 197M | 196M | 188M | 188M |
| Per Share Data | |||||||||||||
| EPS | 0.73 | 0.97 | 1.73 | 1.88 | 2.06 | 2.20 | -2.74 | -0.16 | N/A | 0.17 | 0.70 | 2.16 | 2.16 |
| Owner EPS | 1.46 | 1.41 | 2.38 | 2.83 | 1.45 | 1.71 | -2.01 | -0.83 | N/A | -1.22 | 0.84 | 1.14 | 1.19 |
| Book Value | 13.94 | 12.35 | 12.08 | 11.34 | 11.90 | 14.12 | 13.91 | 14.81 | N/A | 14.41 | 15.52 | 16.21 | 17.28 |
| Cash Flow/Share | 3.32 | 3.54 | 4.86 | 5.71 | 4.92 | 5.64 | 1.92 | 2.85 | N/A | 2.13 | 4.26 | 4.89 | 5.95 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.11 | 0.49 | 0.01 | 0.01 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 28.8M | 28.2M | 26.2M | 24.2M | 21.7M | 20.6M | 21.1M | 22.5M | N/A | 24.0M | 23.8M | 22.6M | 21.2M |
| Valuation | |||||||||||||
| P/E Ratio | 43.6 | 29.0 | 25.7 | 18.2 | 18.3 | 23.8 | N/A | N/A | N/A | 183.5 | 48.9 | 16.7 | 31.0 |
| P/FCF | N/A | 66.7 | 28.3 | 28.6 | 22.6 | 31.8 | N/A | 48.7 | N/A | N/A | 33.2 | 19.9 | 34.6 |
| EV/EBIT | N/A | 24.6 | 21.1 | 15.7 | 23.4 | 23.9 | N/A | N/A | N/A | N/A | 59.0 | 18.4 | 31.4 |
| Price/Book | 2.3 | 2.3 | 3.7 | N/A | N/A | 3.7 | 2.8 | 3.2 | N/A | 2.2 | 2.2 | 2.2 | 3.9 |
| Price/Sales | 1.5 | 1.1 | 1.0 | 1.0 | 0.7 | 1.0 | 1.1 | 0.6 | N/A | 0.5 | 0.5 | 0.6 | 1.0 |
| FCF Yield | -2.3% | 1.5% | 3.5% | 3.5% | 4.4% | 3.1% | -0.3% | 2.1% | N/A | -3.7% | 3.0% | 5.0% | 2.9% |
| Market Cap | 917M | 795M | 1.2B | 830M | 819M | 1.1B | 833M | 1.1B | N/A | 748M | 817M | 815M | 1.4B |
| Avg. Price | 40.42 | 31.53 | 35.60 | 39.64 | 35.47 | 55.52 | 41.74 | 28.32 | 45.25 | 27.34 | 30.42 | 34.33 | 66.86 |
| Year-End Price | 31.85 | 28.14 | 44.38 | 34.25 | 37.69 | 52.37 | 39.44 | 47.76 | 30.44 | 31.20 | 34.26 | 36.06 | 66.86 |
BJs RESTAURANTS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
BJs RESTAURANTS INC trades at 31.0x trailing earnings, compared to its 15-year median P/E of 21.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 34.6x vs a median of 28.6x. The company's 5-year average ROIC is 3.7% with a gross margin of 73.8%. Total shareholder yield (buybacks) is 4.8%. At current prices, the estimated annualized return to fair value is +6.2%.
BJs RESTAURANTS INC (BJRI) has a net profit margin of 3.5%. This is a modest margin.
BJs RESTAURANTS INC (BJRI) generated $41 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BJs RESTAURANTS INC (BJRI) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
BJs RESTAURANTS INC (BJRI) reported earnings per share (EPS) of $2.16 in its most recent fiscal year.
BJs RESTAURANTS INC (BJRI) has a return on equity (ROE) of 13.3%. This indicates moderate shareholder returns.
BJs RESTAURANTS INC (BJRI) has a 5-year average gross margin of 73.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for BJs RESTAURANTS INC (BJRI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BJs RESTAURANTS INC (BJRI) has a book value per share of $16.21, based on its most recent annual SEC filing.
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