BJRI
BJ's Restaurants, Inc.
BJRI's fundamentals are mixed: free cash flow grew 31%, while its operating margin held steady at 3.1%. At 26x earnings, it's trading below its usual 32x.
BJRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
BJRI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
BJRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 20x | $42.55 | -22% |
| Current | 26x | $54.89 | — |
| Fair | 32x | $66.37 | +21% |
| Expensive | 51x | $108 | +96% |
Historical ranges are pointers, not guarantees.
BJRI's PE is in its cheap range at 26x.
BJRI Forward outlook
There aren't enough analyst estimates for BJRI to show an outlook.
BJRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $2.10 | +54% |
| Q2 2026 | $1.88 | +55% |
| Q1 2026 | $1.99 | +107% |
| Q4 2025 | $2.16 | +209% |
| Q3 2025 | $1.36 | +9.7% |
| Q2 2025 | $1.21 | 0% |
| Q1 2025 | $0.96 | -3% |
| Q4 2024 | $0.70 | -15% |
BJRI earned $2.10 per share over the past year, up 54% from the year before.
BJRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $358.6M | +8.6% |
| Q2 2026 | $388.9M | +6.4% |
| Q1 2026 | $358.1M | +2.9% |
| Q4 2025 | $355.4M | +3.2% |
| Q3 2025 | $330.2M | +1.4% |
| Q2 2025 | $365.6M | +4.5% |
| Q1 2025 | $348M | +3.2% |
| Q4 2024 | $344.3M | +6.4% |
BJRI's revenue has grown year over year for 10 quarters in a row: $359M last quarter, up 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.5% | +1.8 points |
| Q2 2026 | 4.7% | -1.1 points |
| Q1 2026 | 3% | -1.3 points |
| Q4 2025 | 3.1% | +4.5 points |
| Q3 2025 | -0.3% | +0.5 points |
| Q2 2025 | 5.8% | +2 points |
| Q1 2025 | 4.3% | +1.8 points |
| Q4 2024 | -1.4% | -2.4 points |
BJRI's operating margin was 1.5% last quarter, up 1.8 points from the same quarter a year ago.
BJRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $22.2M | +515% |
| Q2 2026 | $7.7M | -82% |
| Q1 2026 | $27.2M | +$39.2M |
| Q4 2025 | $7.5M | -53% |
| Q3 2025 | $3.6M | -53% |
| Q2 2025 | $41.9M | +5601% |
| Q1 2025 | -$12.1M | -2792% |
| Q4 2024 | $15.8M | +3.1% |
BJRI generated $65M in free cash flow over the past year, up 31% from the year before.
BJRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.2% | +693K shares |
| 1 year | +0.4% | +99K shares |
| 3 years | -4.1% | -960K shares |
| 5 years | -3% | -708K shares |
| Available history | +9.7% | +2M shares |
BJRI has 23M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1M |
| Q2 2026 | $2.4M |
| Q1 2026 | $5.3M |
| Q4 2025 | $5.4M |
| Q3 2025 | $33.2M |
| Q2 2025 | $15.1M |
| Q1 2025 | $14.1M |
| Q4 2024 | $8M |
BJRI spent $14M buying back its own shares over the past year, down 80% from the year before.
BJRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.5x | Very low |
BJRI's net debt is less than a year of its operating earnings (EBITDA).
BJRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 16.3 | Oversold |
BJRI's weekly RSI is 47 (neutral) and its Stochastic is 16 (oversold).
BJRI PE vs Consumer Cyclical Sector
| Metric | BJRI | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 45% above |
| PE % | 27 | 47 | 20 pts below |
BJRI is trading at 26x earnings, a 45% premium to the Consumer Cyclical sector's median of 18x.
BJRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.9 | 6.7% below |
| 20 week MA | $62.2 | 12% below |
| 50 week MA | $49.9 | 10% above |
| 100 week MA | $43.1 | 27% above |
| 200 week MA | $37.7 | 46% above |
BJRI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 46% above its 200-week average.
BJRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.4 | $39.1 | +4.5% |
| 2021 | $39.1 | $36.1 | -7.6% |
| 2022 | $36.1 | $27.8 | -23% |
| 2023 | $27.8 | $36.0 | +30% |
| 2024 | $36.0 | $34.7 | -3.5% |
| 2025 | $34.7 | $41.2 | +19% |
| 2026 YTD | $41.2 | $54.9 | +33% |
BJRI is up 33% so far in 2026, after finishing lower in three of the previous six years.