BJ's Restaurants, Inc. (BJRI) Stock

BJ's Restaurants, Inc. (BJRI) is a Consumer Discretionary stock trading at $64.22 (as of 2026-08-20), with a market capitalization of $1.37B and a trailing P/E of 20.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States, offering items such as pizza, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants across 29 states.

Understand BJ's Restaurants, Inc.: how it makes money

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States, earning money primarily from selling food and beverages such as pizzas, craft and other beers, appetizers, entrees, and desserts to restaurant guests.

At BJ's, restaurant-level profitability is driven by how many guests come in and how much each restaurant sells, while margins depend on controlling food cost inflation and labor efficiency (including through the companys AI-based activity-based labor model deployment).

Business quality (Weak): The companys operating focus is clear in its disclosed initiatives and restaurant metrics, but the provided dataset does not include a clean segment revenue breakdown, so analysis is best anchored on restaurant operating performance and cost drivers.

Valuation: At 27× earnings, BJRI trades in line with the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

Traffic is beating benchmarks: Guest traffic is reported as outperforming versus industry, with multiple traffic outperformance measures highlighted.
Cost and operating-process initiatives: The company reports a media spend decrease and AI-based activity-based labor model deployment, alongside improvements such as a reduction in comp incidents.
Menu and execution signals: The Pizookie meal deal share of checks and Pizookie platter units sold suggest a branded promo is resonating with guests, alongside sales record indicators.
Location growth and investment: The company reports new restaurant openings and completed restaurant remodels year to date, which can support future guest appeal.

Bear case

External demand variability: Weather-related headwinds are flagged, which can affect guest traffic and sales timing.
Input cost pressure: Food cost inflation is reported, which can pressure restaurant-level margins if not offset by pricing, mix, or cost controls.
Operational execution risk: Food and beverage incidents (PECSA) uplift is reported, which can indicate variability in operational quality and potential costs.

Valuation — source: SEC EDGAR (first-party)
Price	$64.22
Market Cap	$1.37B
P/E Ratio	20.9
EV / EBITDA	9.3
Price / Book	3.44
Price / Sales	0.93
FCF Yield	6.4%
DCF Value (model)	$21.24
DCF Upside vs Price	-66.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.40B
Net Margin	3.5%
Revenue Growth (YoY)	6.4%
EPS Growth (YoY)	-11.0%
FCF Growth (YoY)	-81.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.05 (safe)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	20.9
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Restaurants, Hotels & Motels)	26.6
vs Sector	1.9%
vs Industry	-21.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($120.60M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Restaurants, Hotels & Motels
CEO	Lyle D. Tick
Employees	21,230
Country	US
IPO Date	1996-10-09

Related Companies (Business model: Restaurant Operator / Franchisor; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.