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Bjs Restaurants Inc (BJRI) stock

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NASDAQ: BJRI Nasdaq Restaurants Next results ~November 5, 2026

B Fundamentals grade

Bjs Restaurants Inc is a US-listed company in the restaurants industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$25

Cash-flow model

Base case. Range ~$18–$33 across our lower- and higher-growth cases (-2.2%–7.8% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 61% below it.

Price used: $63.14, November 2, 2026

Bjs Restaurants Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling7 purchases and 20 sales by directors and officers, last 12 monthsInsider trades
  • Funds94 adding, 99 cuttingOf 44 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bjs Restaurants files

Where Bjs Restaurants stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.43bn, up 3.5% on a year earlier, faster than the 3.0% growth a quarter earlier. Free-cash-flow margin held at 3.2%. The diluted share count is down 5.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $23.92 a share, against a share price of $57.39. At that price, our model says the market is pricing in about 18.3% a year of cash-flow growth for five years, faster than the 5.7% a year revenue growth it has delivered.

Source: 10-Q filed July 31, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Bjs Restaurants Inc's trailing-twelve-month revenue grew 3.5% year on year, with a free-cash-flow margin of 3.2%. Where it stands out: change in share count of -5.8% ranks 4 of 42 restaurants companies we cover.

Our discounted-cash-flow model values the business at ~$25 per share in the base case (~$18–$33 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 13.6% while net income grew 48.8%: a 62pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.8% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $63.14 is 61% above our value per share of $25.
  • Heavily shorted. 12.2% of the shares available to trade are sold short (5.0 days of average volume to cover).

Latest results: FY2026 Q2

Filed July 31, 2026
Earnings per share
$0.94 against an average estimate of $0.90: beat by 5.0%
Revenue
$389m, up 6.4% on a year earlier
Share reaction
-3.6% in the first session after the results on July 30, 2026, against +2.4% for the S&P 500
Guidance given
comparable Restaurant Sales Increase growth 3% to 4% (fiscal year 2026); restaurant Level Operating Profit $228m to $235m (fiscal year 2026)
Next report
November 5, 2026; average EPS estimate $0.17

Bjs Restaurants' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week+9.0%
  • 1 month+2.0%
  • This year+60.3%
  • 1 year+85.9%
  • 5 years+82.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Operating margin
2.7%
Net margin
2.9%
EPS (TTM, diluted)
$1.86

Growth

Revenue growth
+3.5%
Change in growth rate
+0.5 pts
Share count change
−5.8%

Cash

Free cash flow (TTM)
$46M
FCF margin
3.2%
Stock pay % of revenue
0.7%

Earnings

Last results
July 30, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Insider trade
  4. Insider trade
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bjs Restaurants Inc valuation models and calculator

What the price is pricing in

The share price implies about 19.0% a year of cash-flow growth for five years.That is faster than the 5.7% a year revenue growth Bjs Restaurants has delivered.

  • Priced in19.0%
  • Last 12 months3.5%
  • 3 years a year2.1%
  • 5 years a year5.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($62.27, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$25
Price used
$62.27close November 3, 2026
Implied change
▼ 60%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Bjs Restaurants Inc's free cash flow after stock-based pay with after-tax interest added back ($31.4M, FY2026 Q2 TTM), growing 3.6% and 3.2% in the next two years (forecasts, guidance and its record), then back to 2.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$33 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Bjs Restaurants Inc's free cash flow after stock-based pay ( $31.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Bjs Restaurants Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.87 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$25 ~$18–$33 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$45 ~$39–$85 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$12 ~$7.3–$18 Left out: out of range vs price (0.18x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$8.8 ~$7.5–$11 Left out: out of range vs price (0.14x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$32 ~$25–$45 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bjs Restaurants Inc with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −32%
  • Last year's free-cash-flow margin change, if it persists ▼ −17%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$28$38$51$68$91
8.5% $15$20$28$37$50$66
10% $12$16$22$29$39$51

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$43.57$37.17$35.89$49.78$37.79$37.99$35.70$26.85$35.28$35.14$39.29$63.14
Market value$1.1bn$901m$781m$1.1bn$778m$804m$828m$635m$844m$835m$889m$1.4bn
+ Net debt (− = net cash)$66m$125m$139m$66m$121m$65m$11m$35m$39m$40m$61m$30m
Enterprise value$1.2bn$1.0bn$920m$1.1bn$899m$869m$839m$670m$883m$876m$950m$1.4bn
Multiples
Price / sales 1.2x0.9x0.8x1.0x0.7x1.0x0.8x0.5x0.6x0.6x0.6x1.0x
Price / earnings 25.2x19.8x17.4x21.1x17.2x——155.9x42.9x50.1x18.2x34.0x
Price / free cash flow 27.8x31.1x21.5x14.9x23.0x—37.5x—121.9x34.0x21.7x30.2x
EV / EBITDA 9.9x8.1x8.6x8.9x7.4x—14.9x10.3x10.4x10.1x7.7x11.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

48 /100

Moderate moat

How hard Bjs Restaurants's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 2.7% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 74.5%, moving by 0.7 percentage points (standard deviation) across 9 years.

  • Durability 0 / 20

    Operating margin has been a median 1.9%; its worst year was -3.8%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.3% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 4.1% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $347m and EPS of $0.17 (range $0.09 to $0.24) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.37 +5% $1.5bn +4%
Next $2.71 +14% $1.5bn +4%

Next year's EPS estimate has moved +1.9% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.2% on 90 days ago. In the last 30 days, 1 analyst raised Bjs Restaurants Inc's forecast and 1 cut it.

Consensus EPS forecast Bjs Restaurants Inc, last 90 days
$2.30 $2.40 $2.50 $2.60 $2.70 $2.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.37 Current fiscal year, 60 days ago: $2.37 Current fiscal year, 30 days ago: $2.37 Current fiscal year, 7 days ago: $2.37 Current fiscal year, Now: $2.37 $2.37 Next fiscal year, 90 days ago: $2.66 Next fiscal year, 60 days ago: $2.73 Next fiscal year, 30 days ago: $2.72 Next fiscal year, 7 days ago: $2.71 Next fiscal year, Now: $2.71 $2.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.37$2.66
60 days ago $2.37$2.73
30 days ago $2.37$2.72
7 days ago $2.37$2.71
Now $2.37$2.71

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.90 $0.94 +5.0%
Mar 2026 $0.60 $0.57 −5.8%
Dec 2025 $0.62 $0.66 +5.7%
Sept 2025 $0.03 $0.04 +59.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • Comparable Restaurant Sales Increase fiscal year 2026 3% growth to 4% growth Raised
    “Comparable Restaurant Sales Increase 1.0% to 3.0% Increase 3.0% to 4.0%” source
  • Restaurant Level Operating Profit fiscal year 2026 $228m to $235m Non-GAAP Raised
    “Restaurant Level Operating Profit $221 million to $233 million $228 million to $235 million” source
  • Adjusted EBITDA fiscal year 2026 $145m to $152m Non-GAAP Raised
    “Adjusted EBITDA $140 million to $150 million $145 million to $152 million” source
  • Capital Expenditures fiscal year 2026 $85m to $95m Maintained
    “Capital Expenditures $85 million to $95 million $85 million to $95 million” source
  • Share Repurchases fiscal year 2026 about $50m Maintained
    “Share Repurchases ( 1) Up to $50 million Up to $50 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Bjs Restaurants Inc's revenue by +3.6% next year and +3.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.9%, weight 67%) and the company's own record (+2.8%, weight 33%) . How the weights are set.

Analyst recommendations

9 analysts, Nov 2026
Buy556%
Hold444%
Sell00%

Monthly trend

  1. Nov 2026549
  2. Oct 2026459
  3. Sep 20264610

Counts of recommendations published by analysts covering Bjs Restaurants Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.2%
of tradable shares
Days to cover
5.02
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.9%
of shares
Employees
22,230
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +85.9%

$33.96 on October 31, 2025 to $63.14

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.4bn +3.5%
Net margin 2.0% 2.9% +43.7%
P/E multiple 28.8x 34.0x +17.7%
Share count 23m 22m +6.1%

Biggest factor: net margin.

Last 3 years +124.0%

$28.19 on November 3, 2023 to $63.14

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.4bn +6.4%
Net margin 1.3% 2.9% +116.9%
P/E multiple 37.9x 34.0x −10.3%
Share count 24m 22m +8.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BJRI−10%−24%+37%−2%+12%+60%
Industry peers (median)+16%−15%+15%+0%−10%+2%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BJRI50%33%67%50%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BJRI−53%−43%−42%−27%−39%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 91% from August 31, 2018 to March 18, 2020. Getting back needed a 1037% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$33.42 – $74.26
From 52-week high
−15.0%
vs 50-day average
+4.0%
vs 200-day average
+24.0%
Volatility (1 year)
40%
Beta vs S&P 500
0.74

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.9%
After a week
6 up, 6 down
typical move ±9.0%
After a month
6 up, 6 down
typical move ±12.8%
Results releasedNext dayS&P 500 next day5 days21 days
July 30, 2026 −3.6% +2.4% −0.4% −7.2%
May 5, 2026 +8.4% +2.2% +12.1% +16.1%
February 25, 2026 −0.9% +0.3% −12.9% −8.6%
October 30, 2025 +12.9% −0.8% +15.3% +23.7%
July 31, 2025 −6.9% −2.0% −7.0% −8.6%
May 1, 2025 +13.9% +2.2% +16.6% +36.7%
February 20, 2025 +6.1% −2.1% +4.3% −5.1%
October 31, 2024 −9.2% −1.5% −4.6% −0.3%
July 25, 2024 −12.2% +0.6% −14.2% −9.0%
May 2, 2024 +8.1% +2.2% +6.1% +9.5%
February 15, 2024 +5.0% +0.2% −1.6% +1.6%
October 26, 2023 +7.3% −1.6% +13.3% +27.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Bjs Restaurants Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Bjs Restaurants Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bjs Restaurants Inc
$1.3B $1.4B $1.4B $1.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.4B Revenue (TTM), FY23 Q4: $1.3B Revenue (TTM), FY24 Q1: $1.3B Revenue (TTM), FY24 Q2: $1.3B Revenue (TTM), FY24 Q3: $1.3B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.4B
FY23 Q4 $1.3B
FY24 Q1 $1.3B
FY24 Q2 $1.3B
FY24 Q3 $1.3B
FY24 Q4 $1.4B
FY25 Q1 $1.4B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.4B
FY26 Q1 $1.4B
FY26 Q2 $1.4B
Revenue growth, TTM YoY Bjs Restaurants Inc
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.0% Revenue growth, TTM YoY, FY23 Q4: 3.8% Revenue growth, TTM YoY, FY24 Q1: 0.2% Revenue growth, TTM YoY, FY24 Q2: -1.3% Revenue growth, TTM YoY, FY24 Q3: -1.3% Revenue growth, TTM YoY, FY24 Q4: 1.8% Revenue growth, TTM YoY, FY25 Q1: 2.9% Revenue growth, TTM YoY, FY25 Q2: 4.1% Revenue growth, TTM YoY, FY25 Q3: 3.9% Revenue growth, TTM YoY, FY25 Q4: 3.1% Revenue growth, TTM YoY, FY26 Q1: 3.0% Revenue growth, TTM YoY, FY26 Q2: 3.5% 3.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.0%
FY23 Q4 3.8%
FY24 Q1 0.2%
FY24 Q2 -1.3%
FY24 Q3 -1.3%
FY24 Q4 1.8%
FY25 Q1 2.9%
FY25 Q2 4.1%
FY25 Q3 3.9%
FY25 Q4 3.1%
FY26 Q1 3.0%
FY26 Q2 3.5%
Operating margin (TTM) Bjs Restaurants Inc
0% 1% 2% 3% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.1% Operating margin (TTM), FY23 Q4: 1.0% Operating margin (TTM), FY24 Q1: 1.5% Operating margin (TTM), FY24 Q2: 1.7% Operating margin (TTM), FY24 Q3: 1.7% Operating margin (TTM), FY24 Q4: 1.0% Operating margin (TTM), FY25 Q1: 1.5% Operating margin (TTM), FY25 Q2: 2.1% Operating margin (TTM), FY25 Q3: 2.2% Operating margin (TTM), FY25 Q4: 3.3% Operating margin (TTM), FY26 Q1: 3.0% Operating margin (TTM), FY26 Q2: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.1%
FY23 Q4 1.0%
FY24 Q1 1.5%
FY24 Q2 1.7%
FY24 Q3 1.7%
FY24 Q4 1.0%
FY25 Q1 1.5%
FY25 Q2 2.1%
FY25 Q3 2.2%
FY25 Q4 3.3%
FY26 Q1 3.0%
FY26 Q2 2.7%
FCF margin (TTM) Bjs Restaurants Inc
-2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1.4% FCF margin (TTM), FY23 Q4: 0.5% FCF margin (TTM), FY24 Q1: 0.2% FCF margin (TTM), FY24 Q2: 1.5% FCF margin (TTM), FY24 Q3: 1.8% FCF margin (TTM), FY24 Q4: 1.8% FCF margin (TTM), FY25 Q1: 0.9% FCF margin (TTM), FY25 Q2: 3.8% FCF margin (TTM), FY25 Q3: 3.5% FCF margin (TTM), FY25 Q4: 2.9% FCF margin (TTM), FY26 Q1: 5.7% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1.4%
FY23 Q4 0.5%
FY24 Q1 0.2%
FY24 Q2 1.5%
FY24 Q3 1.8%
FY24 Q4 1.8%
FY25 Q1 0.9%
FY25 Q2 3.8%
FY25 Q3 3.5%
FY25 Q4 2.9%
FY26 Q1 5.7%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Bjs Restaurants took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.4B
  2. Cost of revenue $353M · 25.3%
  3. Gross profit $1B · 74.7%
  4. Selling, general and admin $91M · 6.5%
  5. Other operating costs $909M · 64.9%
  6. Operating income $46.3M · 3.3%
  7. Net income $48.8M · 3.5%

Shares of revenue. Source: Bjs Restaurants's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Jan 2012 2012 Jan 2013 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Jan 2017 2017 Jan 2018 2018 Jan 2019 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Jan 2023 2023 Jan 2024 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 427 514 621 708 775 846 920 993 1,032 1,117 1,161 779 1,087 1,284 1,333 1,357 1,399 1,433
Gross profit — — — — — — — 742 763 835 866 583 799 934 987 1,007 1,046 1,068
EBITDA 44 59 76 82 73 91 122 126 107 128 121 −13 56 65 85 87 123 123
Operating income 20 30 42 41 24 35 63 62 38 58 49 −86 −17 −5 14 14 46 39
Net income 13 23 32 31 21 27 45 46 45 51 45 −58 −4 4 20 17 49 41
Diluted EPS $0.48 $0.82 $1.08 $1.09 $0.73 $0.97 $1.73 $1.88 $2.06 $2.35 $2.20 −$2.74 −$0.16 $0.17 $0.82 $0.70 $2.16 $1.86
Growth (year on year)
Revenue — +20.4% +20.8% +14.1% +9.4% +9.1% +8.8% +8.0% +3.9% +8.3% +4.0% −33.0% +39.6% +18.1% +3.8% +1.8% +3.1% +3.5%
EBITDA — +34.7% +29.5% +7.5% −11.4% +24.6% +34.9% +2.8% −15.4% +20.1% −5.4% −111.0% — +15.4% +30.6% +2.4% +41.5% +19.6%
Operating income — +53.1% +40.6% −3.6% −41.6% +48.5% +78.0% −2.3% −38.5% +51.9% −14.7% −276.0% — — — — — +36.3%
Net income — +77.6% +36.3% −0.5% −33.1% +30.3% +65.4% +0.5% −1.7% +13.5% −11.0% −228.0% — — — — — —
Diluted EPS — +70.8% +31.7% +0.9% −33.0% +32.9% +78.4% +8.7% +9.6% +14.1% −6.4% −224.5% — — — — — —
Margins
Gross margin — — — — — — — 74.7% 74.0% 74.8% 74.6% 74.9% 73.5% 72.8% 74.0% 74.2% 74.7% 74.5%
EBITDA margin 10.3% 11.5% 12.3% 11.6% 9.4% 10.7% 13.3% 12.7% 10.3% 11.5% 10.4% −1.7% 5.2% 5.1% 6.4% 6.4% 8.8% 8.6%
Operating margin 4.6% 5.9% 6.8% 5.8% 3.1% 4.2% 6.9% 6.2% 3.7% 5.2% 4.2% −11.1% −1.5% −0.4% 1.0% 1.0% 3.3% 2.7%
Net margin 3.1% 4.5% 5.1% 4.4% 2.7% 3.2% 4.9% 4.6% 4.3% 4.5% 3.9% −7.4% −0.3% 0.3% 1.5% 1.2% 3.5% 2.9%
Free-cash-flow margin 2.3% 0.7% −2.1% −2.9% −2.8% 1.4% 4.5% 2.9% 3.5% 6.4% 2.9% −0.4% 2.0% −2.1% 0.5% 1.8% 2.9% 3.2%
Cash flow
Cash from operations 70 73 81 88 96 100 127 138 107 133 116 41 64 51 106 101 111 118
Capital spending 60 70 94 109 117 88 86 109 71 61 82 43 42 79 99 77 70 72
Free cash flow 10 4 −13 −21 −22 12 41 29 36 72 34 −3 22 −27 7 25 41 46
Stock-based pay 3 4 5 5 4 5 5 6 7 8 9 10 10 10 11 9 8 10
Free cash flow after stock pay 7 −0 −18 −25 −26 7 36 23 29 64 25 −13 12 −38 −4 16 33 36
Balance sheet
Cash 45 32 22 15 23 31 35 23 24 29 22 52 39 25 29 26 24 14
Total debt 0 0 0 0 0 58 101 148 164 95 143 117 50 60 68 67 85 44
Net debt (negative = net cash) −45 −32 −22 −15 −23 27 66 125 139 66 121 65 11 35 39 40 61 30
Diluted shares 27m 28m 29m 29m 29m 28m 26m 24m 22m 22m 21m 21m 23m 24m 24m 24m 23m 22m
Returned to shareholders
Dividends — — — — — — — — 2 9 10 0 0 0 0 0 0 —
Buybacks — — — — — 100 96 95 67 20 83 15 — 2 11 25 68 46
Total returned — — — — — 100 96 95 69 30 93 15 0 2 11 25 68 46

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $992m
Short-term assets $54mLonger-term assets $938m
What it owes, and who funded it · $992m
Short-term liabilities $186mLonger-term liabilities $408mShareholders' equity $397m
  • Short-term assets cover short-term liabilities $54m of assets due within a year against $186m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $54m short-term assets against $408m of longer-dated liabilities.
  • More cash than debt $14m of cash against $44m of debt.
  • Debt below 40% of shareholders' equity Debt is 11% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 15% to 11% over five years.
  • A year's operating cash flow covers at least 20% of debt $118m of operating cash flow against $44m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Bjs Restaurants Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$46.2M
Dividends (TTM)
$0
Returned to shareholders
166%
of free cash flow
Buybacks, last 3 fiscal years
$104M
Diluted share count
−5.8%
year over year
Total shareholder yield
3.5%
dividends 0.0% + buybacks 3.5% of market value

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated BJRI JACK CAVA SHAK FWRG RRGB Median
Revenue, last 12 months $1.4bn $1.4bn $1.4bn $1.6bn $1.3bn $1.2bn $1.4bn
Revenue growth, last 12 months 3.5% 14.3% 26.8% 17.3% 19.3% −3.7% 4.6%
Revenue growth, 3-year average 2.1% −6.1% 28.7% 16.1% 18.1% −2.7% 5.1%
Revenue growth, latest quarter 6.4% −1.8% 31.3% 17.2% 15.2% −2.1% 4.5%
Gross margin 74.5% 73.7% 25.2% — — — 68.6%
Operating margin 2.7% −3.5% 5.2% 3.6% 2.1% −0.4% 4.9%
Operating margin, 3-year average 2.2% 6.4% 4.4% 2.1% 2.8% −1.3% 6.9%
Net margin 2.9% 2.4% 4.8% 2.6% 1.4% −2.5% 2.5%
Cash from operations / revenue 8.2% 6.3% 16.0% 12.3% 9.7% 1.8% 11.9%
Free-cash-flow margin 3.2% 1.3% 3.6% −0.8% −1.7% −0.2% 3.4%
Free-cash-flow margin, 3-year average 2.8% 2.4% 3.1% 1.4% −2.0% −1.4% 2.8%
Stock pay / revenue 0.7% 0.6% 1.4% 1.2% 1.0% 0.3% 0.8%
Change in share count −5.8% 0.7% −0.1% −6.7% 1.5% 7.2% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth 3.5% 4.7% 27 of 44
Change in growth rate Growth +0.5pp +0.3pp 20 of 44
Gross margin Profitability 74.5% 63.0% 4 of 15
Operating margin Profitability 2.7% 5.2% 26 of 42
Net margin Profitability 2.9% 2.6% 21 of 44
Free-cash-flow margin Cash generation 3.2% 3.6% 23 of 44
Stock pay as % of revenue Cash generation 0.7% 0.8% 17 of 40
Long-term debt as % of assets Balance sheet 4.4% 29.0% 5 of 36
Change in share count Balance sheet -5.8% 0.3% 4 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
192
Shares held vs prior quarter
▲ 3.7%
Positions opened / closed
32 / 32

Top buyers and sellers, Q2 2026: 94 institutions bought and 99 sold ; the biggest buyer was Marshall Wace, LLP (+466K shares) and the biggest seller Woodline Partners LP (−464K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $200M 3.3M 15.7% ▲ 6.5%
Vanguard Portfolio Management LLC $111M 1.8M 8.7% ▼ 5.4%
Dimensional Fund Advisors LP $67M 1.1M 5.3% ▼ 1.0%
American Century Companies Inc $62.6M 1.0M 4.9% ▲ 9.4%
Vanguard Capital Management LLC $54.2M 893K 4.2% ▲ 0.5%
State Street Corp $48.5M 798K 3.8% ▲ 3.5%
Arrowstreet Capital, Limited Partnership $46.1M 759K 3.6% ▼ 11.3%
Neuberger Berman Group LLC $39.6M 651K 3.1% ▼ 19.8%
Geode Capital Management, LLC $32M 526K 2.5% ▲ 5.0%
Woodline Partners LP $31.6M 520K 2.5% ▼ 47.2%
Emerald Advisers, LLC $31.2M 514K 2.4% ▼ 3.3%
Marshall Wace, LLP $31.2M 513K 2.4% ▲ 993.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bjs Restaurants Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $218,574 7 trades by 1 insider, last 12 months Insider sales History → $8.4M 20 trades by 6 insiders · 0% under pre-set plans
Net ▼ $8.2M net selling
Insider Date Trade Shares Price Value
Richmond C Bradford Director September 3, 2026 Buy 500 $59.50 $29,750
Richmond C Bradford Director September 2, 2026 Buy 500 $61.05 $30,525
Richmond C Bradford Director August 31, 2026 Buy 753 $63.25 $47,627
Elbogen Noah A. Director August 10, 2026 Sell 7,535 $70.14 $528,505
Miller Kendra D EVP & General Counsel August 7, 2026 Sell 2,978 $69.80 $207,864
Lynds Gregory S EVP & Chief Dev. Officer August 6, 2026 Sell 21,704 $68.81 $1.5M
Miller Kendra D EVP & General Counsel August 6, 2026 Sell 10,217 $69.31 $708,140
Lynds Gregory S EVP & Chief Dev. Officer August 3, 2026 Sell 25,350 $67.47 $1.7M
Ottinger Lea Anne Director June 18, 2026 Sell 2,792 $53.50 $149,372
Elbogen Noah A. Director June 18, 2026 Sell 4,652 $54.00 $251,208
Lynds Gregory S EVP & Chief Dev. Officer June 18, 2026 Sell 6,201 $55.86 $346,388
Miller Kendra D EVP & General Counsel June 18, 2026 Sell 14,716 $55.60 $818,210

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • July 30, 2026
  • May 5, 2026
  • February 25, 2026
  • October 30, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Bjs Restaurants Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bjs Restaurants Inc in brief

What does Bjs Restaurants Inc do?
Bjs Restaurants Inc is a US-listed company in the restaurants industry. Its financial year ends in December.
What is Bjs Restaurants Inc's stock ticker?
Bjs Restaurants Inc trades under the ticker BJRI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bjs Restaurants Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bjs Restaurants Inc reported revenue of $1.4B, 3.5% higher than a year earlier, according to its SEC filings.
What is Bjs Restaurants Inc's free cash flow?
Bjs Restaurants Inc's free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 23 of the 44 restaurants companies we cover.
What is Bjs Restaurants Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Bjs Restaurants Inc's free cash flow after stock-based pay gives ~$25 per share in the base case, and ~$18–$33 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Bjs Restaurants Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bjs Restaurants Inc buying back stock, and does it pay a dividend?
Bjs Restaurants Inc spent $46.2M on share repurchases over the trailing twelve months, and its diluted share count fell 5.8% over the year.
What is Bjs Restaurants Inc's market cap?
On November 2, 2026, Bjs Restaurants Inc's market capitalisation was about $1.4B, with a price-to-earnings ratio of 34.0 and net debt of $29.6M. Market figures come from third-party market data and may be delayed.
Does Bjs Restaurants Inc pay a dividend?
Bjs Restaurants Inc reported no dividend payments in its trailing twelve months of filings.
How much debt does Bjs Restaurants Inc have?
Bjs Restaurants Inc's debt-to-equity ratio is 11.1%, from its latest balance sheet (15.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bjs Restaurants Inc's competitors?
In our Restaurants peer group, the companies closest to Bjs Restaurants Inc are Jack IN The BOX Inc, CAVA Group, Inc., Shake Shack Inc., First Watch Restaurant Group, Inc. and RED Robin Gourmet Burgers Inc. The side-by-side comparison below sets their revenue, margins and growth against Bjs Restaurants Inc's.
Are insiders buying or selling Bjs Restaurants Inc stock?
Over the last 12 months, Bjs Restaurants Inc's directors and officers reported 7 open-market purchases and 20 sales on Form 4. The insider trading page charts every trade.
When is Bjs Restaurants Inc's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bjs Restaurants Inc announces its own schedule.