Bjs Restaurants Inc
BJ's Restaurants Inc. operates a chain of casual dining restaurants that generate revenue through the sale of food and beverages, with a strategic emphasis on craft beer offerings and value-oriented menu items to drive guest traffic.
Business. BJ's Restaurants Inc. (BJRI) is a restaurant company that operates in the Cyclical Consumer Goods & Services sector, specifically within the Retailers industry. The company is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. As specific operating segment and geographic data are not provided, the company is described at the industry level as a retailer engaged in product sales.
Analyst recommendations
10 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BJ's Restaurants Inc. (BJRI) is a restaurant company that operates in the Cyclical Consumer Goods & Services sector, specifically within the Retailers industry. The company is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. As specific operating segment and geographic data are not provided, the company is described at the industry level as a retailer engaged in product sales.
BJ's Restaurants maintains a capital structure characterized by zero reported debt-to-equity, yet faces significant liquidity constraints evidenced by a current ratio of 0.31, indicating that current liabilities substantially exceed current assets. The company holds $22.7 million in cash and equivalents against total assets of $999.1 million, relying on operating cash flow of $43.0 million to service obligations. Free cash flow stands at $27.2 million after capital expenditures of $15.8 million, suggesting that while the business generates positive cash from operations, the balance sheet structure requires careful management of short-term liabilities. The market capitalization is $1.51 billion, trading at a price-to-book ratio of 4.1 and an EV/EBITDA of 12.09, reflecting a premium valuation relative to its asset base.
Profitability metrics show a return on equity of 13.1% and a return on assets of 4.89%, with a net income of $9.0 million on revenue of $358.1 million for the quarter. The operating income of $10.6 million represents a contraction from the prior year period, where operating income was $15.0 million, driven by increases in restaurant operating costs including labor and benefits which rose to $129.9 million from $125.7 million. The net margin has compressed as cost of sales and occupancy expenses increased, pressuring the bottom line despite revenue growth. The company's ability to maintain returns is contingent on controlling these variable costs while leveraging its fixed asset base efficiently.
- Revenue grew modestly to $358.1 million, but net income declined 33% to $9.0 million due to rising labor and occupancy costs.
- Liquidity risk is high with a current ratio of 0.31, though the company maintains zero debt-to-equity and positive free cash flow of $27.2 million.
- Dilution risk is flagged as high, with diluted shares exceeding basic shares, potentially impacting per-share metrics.
- Analysts maintain a neutral-to-positive outlook with a mean price target of $72.12, implying limited upside from current levels.
- Strategic focus on craft beer and value-oriented menu items aims to differentiate the brand in a competitive casual dining market.
Bull / Bear case
Generated · model-assistedCash conversion of 2.26 is well above the 1.35 cohort median, demonstrating strong operational cash generation efficiency.
The firm maintains a low leverage band with a debt-to-equity ratio of 0.23, reducing financial distress risk.
Capital expenditure intensity of 5.0% ranks as best-in-class within the Retailers cohort, suggesting efficient investment.
The company faces high dilution risk, which could significantly erode existing shareholder value and earnings per share.
High liquidity risk is flagged, potentially constraining the company's ability to meet short-term financial obligations.
In focus — financials by report
Revenue $358.1M; Operating income $10.6M.
- ▍Revenue $358.1M
- ▍Operating income $10.6M
- ▍Net margin 2.5%
Revenue $1.04B; Operating income $35.2M.
- ▍Revenue $1.04B
- ▍Operating income $35.2M
- ▍Net margin 3.5%
Revenue $713.6M; Operating income $36.2M.
- ▍Revenue $713.6M
- ▍Operating income $36.2M
- ▍Net margin 5.0%
Revenue $1.40B; Operating income $46.3M.
- ▍Revenue $1.40B
- ▍Operating income $46.3M
- ▍Net margin 3.5%
Revenue $1.36B; Operating income $14.1M.
- ▍Revenue $1.36B
- ▍Operating income $14.1M
- ▍Net margin 1.2%
Revenue $1.33B; Operating income $13.8M.
- ▍Revenue $1.33B
- ▍Operating income $13.8M
- ▍Net margin 1.5%
Revenue $1.28B; Operating income -$5.5M.
- ▍Revenue $1.28B
- ▍Operating income -$5.5M
- ▍Net margin 0.3%
Revenue $1.28B; Operating income -$5.5M.
- ▍Revenue $1.28B
- ▍Operating income -$5.5M
- ▍Net margin 0.3%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,32 |
| Revenue | —no estimate | —no estimate | 1,4B USD |
| Operating income | —no estimate | —no estimate | 54,1M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Diluted share count is moderately above the basic share count.
- Current liabilities exceed current assets.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- EVP & Brand President · Non-Qualified Stock Options → Common StockAcquired 8 948 @ $60,60grant · 2026-07-15
- Sr. Vice President Accounting · Non-Qualified Stock Options → Common StockAcquired 5 369 @ $60,60grant · 2026-07-15
- EVP & Chief Technology Officer · Non-Qualified Stock Options → Common StockAcquired 6 264 @ $60,60grant · 2026-07-15
- EVP & Chief Dev. Officer · Non-Qualified Stock → Common StockDisposed 6 201 @ $37,70exercise · 2026-06-18
- EVP & Chief Info. Officer · Non-Qualified Stock → Common StockDisposed 3 151 @ $37,70exercise · 2026-06-18
- EVP & Chief Info. Officer · Non-Qualified Stock → Common StockDisposed 3 300 @ $38,90exercise · 2026-06-18
- EVP & Chief Info. Officer · Non-Qualified Stock → Common StockDisposed 890 @ $34,28exercise · 2026-06-18
- EVP & General Counsel · Non-Qualified Stock → Common StockDisposed 7 163 @ $38,90exercise · 2026-06-18
- EVP & General Counsel · Non-Qualified Stock → Common StockDisposed 4 315 @ $32,27exercise · 2026-06-18
- EVP & General Counsel · Non-Qualified Stock → Common StockDisposed 4 545 @ $31,34exercise · 2026-06-18
- EVP & General Counsel · Non-Qualified Stock → Common StockDisposed 3 238 @ $31,86exercise · 2026-06-18
- Director · Non-Qualified Stock → Common StockDisposed 4 153 @ $35,95exercise · 2026-06-18
- Director · Non-Qualified Stock → Common StockDisposed 4 652 @ $37,70exercise · 2026-06-18
- SVP & Chief Marketing Officer · Non-Qualified Stock → Common StockDisposed 1 384 @ $35,95exercise · 2026-06-12
- SVP & Chief Marketing Officer · Non-Qualified Common Stock → Common StockDisposed 1 706 @ $37,70exercise · 2026-06-12
- EVP & Chief Dev. Officer · Non-Qualified Stock → Common StockDisposed 5 537 @ $35,95exercise · 2026-06-11
- EVP & General Counsel · Non-Qualified Stock → Common StockDisposed 2 768 @ $35,95exercise · 2026-06-10
- EVP & General Counsel · Non-Qualified Common Stock → Common StockDisposed 4 651 @ $37,70exercise · 2026-06-10
- Director · Non-Qualified Stock → Common StockDisposed 1 281 @ $39,33exercise · 2026-05-29
- Director · Non-Qualified Stock → Common StockDisposed 2 768 @ $35,95exercise · 2026-05-29
- EVP & Chief Info. Officer · Non-Qualified Stock → Common StockDisposed 1 515 @ $31,34exercise · 2026-05-28
- EVP & Chief Info. Officer · Non-Qualified Stock → Common StockDisposed 1 619 @ $31,86exercise · 2026-05-28
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- BJs RESTAURANTS INC company facts · 2026-08-01
- BJs RESTAURANTS INC 10-Q 2026-05-06 · 2026-08-01
- BJs RESTAURANTS INC 10-K 2026-03-02 · 2026-08-01
- BJs RESTAURANTS INC 10-Q 2025-11-05 · 2026-08-01
- BJs RESTAURANTS INC 10-Q 2025-08-08 · 2026-08-01
- 8-K (sec_8k_material) on BJRI · 2026-08-01
- BJ's Restaurants Inc Market data — analyst estimates · 2026-08-01
- BJ's Restaurants Inc Market data — ESG · 2026-08-01
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,02 %$33M
- Investment Managers · as of 2026-03-310,02 %$30M
- Investment Managers · as of 2026-03-310,01 %$39M
- Investment Managers · as of 2026-03-310,01 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$13M
- Investment Managers · as of 2024-06-300,00 %$122M
- Investment Managers · as of 2024-12-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$13M
- Investment Managers · as of 2026-03-310,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2025-12-310,00 %$121M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$16M
- Investment Managers · as of 2026-03-310,00 %$27M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Funds · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- CEO & President · Common StockOther 7 558 · 2026-07-28
- CEO & President · Common StockOther 3 313 @ $68,95$228K · 2026-07-28
- EVP & Chief People Officer · Common StockOther 903 @ $60,60$55K · 2026-07-15
- EVP & Chief Technology Officer · Common StockOther 3 010 · 2026-07-15
- Sr. Vice President Accounting · Common StockOther 2 580 · 2026-07-15
- EVP & Brand President · Common StockOther 4 300 · 2026-07-15
- Chief Supply Chain Officer · Common StockOther 460 @ $60,60$28K · 2026-07-15
- Director · Common StockOther 2 955 · 2026-06-18
- EVP & Chief Info. Officer · Common StockOther 3 151 @ $37,70$119K · 2026-06-18
- EVP & Chief Info. Officer · Common StockOther 3 300 @ $38,90$128K · 2026-06-18
- EVP & Chief Info. Officer · Common StockOther 890 @ $34,28$31K · 2026-06-18
- EVP & Chief Info. Officer · Common StockSold 7 341 @ $55,17$405K · 2026-06-18
- EVP & General Counsel · Common StockOther 7 163 @ $38,90$279K · 2026-06-18
- EVP & General Counsel · Common StockOther 4 315 @ $32,27$139K · 2026-06-18
- EVP & General Counsel · Common StockOther 4 545 @ $31,34$142K · 2026-06-18
- EVP & General Counsel · Common StockOther 3 238 @ $31,86$103K · 2026-06-18
- EVP & General Counsel · Common StockSold 14 716 @ $55,60$818K · 2026-06-18
- EVP & General Counsel · Common StockSold 4 545 @ $55,60$253K · 2026-06-18
- EVP & Chief Dev. Officer · Common StockOther 6 201 @ $37,70$234K · 2026-06-18
- EVP & Chief Dev. Officer · Common StockSold 6 201 @ $55,86$346K · 2026-06-18
- Director · Common StockOther 4 652 @ $37,70$175K · 2026-06-18
- Director · Common StockSold 4 652 @ $54,00$251K · 2026-06-18
- Director · Common StockOther 2 955 · 2026-06-18
- Director · Common StockOther 4 153 @ $35,95$149K · 2026-06-18
- Director · Common StockSold 2 792 @ $53,50$149K · 2026-06-18
Short positioning
Geographic breakdown
Intel & risk
no material change vs prior analysis (walked 17 fields; 4 schema-expansion field(s) excluded)
- Narrative— → —medium
- Conclusion— → —medium
- Company share pct— → —medium
Evidence & claims
From filings & derived data- Shareholders' equity (annual): USD 366.19MUnknown
- Shares outstanding (annual): 21.11MUnknown
- Total assets (annual): USD 1.02BUnknown
- Operating income (annual): USD 46.31MUnknown
- Net income (annual): USD 48.81MUnknown
- Revenue (annual): USD 1.4BUnknown
- Current liabilities (annual): USD 187.78MUnknown
- Total liabilities (annual): USD 649.26MUnknown
- Operating cash flow (annual): USD 110.51MUnknown
- Current assets (annual): USD 74.92MUnknown
- Pre-tax income (annual): USD 47.23MUnknown
- EPS (diluted) (annual): USD-PER-SHARES 2Unknown
- Capex (annual): USD 69.61MUnknown
- Cost of revenue (annual): USD 353.29MUnknown
- EPS (basic) (annual): USD-PER-SHARES 2Unknown
- Cash & equivalents (annual): USD 23.78MUnknown
- Long-term debt (annual): USD 85MUnknown
- Long-term debt (annual): USD 66.5MUnknown
- Cost of revenue (annual): USD 350.56MUnknown
- Operating cash flow (annual): USD 101.47MUnknown
- Total liabilities (annual): USD 671.05MUnknown
- Shareholders' equity (annual): USD 370.02MUnknown
- Cash & equivalents (annual): USD 26.1MUnknown
- Operating income (annual): USD 14.08MUnknown