BJ's Restaurants (BJRI)


Market Price (9/25/2026): $61.93 | Market Cap: $1.3 BilSector: Consumer Discretionary | Industry: Restaurants

BJ's Restaurants (BJRI)


Market Price (9/25/2026): $61.93
Market Cap: $1.3 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Low stock price volatility
Vol 12M is 44%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, and Direct-to-Consumer Brands.

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x

Stock price has recently run up significantly
12M Rtn12 month market price return is 102%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 73%

Key risks
BJRI key risks include [1] persistent challenges in meeting comparable sales targets, Show more.

0 Low stock price volatility
Vol 12M is 44%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, and Direct-to-Consumer Brands.
2 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 102%
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 73%
5 Key risks
BJRI key risks include [1] persistent challenges in meeting comparable sales targets, Show more.

BJRI in ETFs

Weight = BJRI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.04%
IJR0.07%
VB0.02%
AVUV0.19%
VIOV0.08%
SLYV0.08%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/24/2026

BJ's Restaurants (BJRI) stock has gained about 30% since 5/31/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance and Upgraded Outlook. BJ's Restaurants reported robust financial results for its fiscal second quarter ended June 30, 2026, significantly exceeding analyst expectations. The company announced diluted earnings per share (EPS) of $0.94, surpassing the consensus estimate of $0.90 per share. Total revenues increased by 6.4% year-over-year to $388.9 million, also beating the analyst consensus of $377.07 million. This strong performance, marking the eighth consecutive quarter of sales growth, led management to raise its fiscal 2026 comparable restaurant sales guidance to a range of 3.0%-4.0% from the previous 1.0%-3.0% forecast, signaling increased confidence in future profitability.

2. Significant Comparable Restaurant Sales and Customer Traffic Growth. A core driver of the stock's appreciation was the substantial increase in comparable restaurant sales and customer traffic during fiscal Q2 2026. Comparable restaurant sales surged by 6.5%, notably driven by an impressive 8.3% rise in customer traffic. This outperformance against casual dining industry benchmarks demonstrated the company's ability to attract and retain guests, contributing directly to top-line growth.

Show more
Updated on 9/24/2026

BJ's Restaurants (BJRI) stock has gained about 30% since 5/31/2026 because of the following key factors:

1. Exceptional Fiscal Q2 2026 Financial Performance and Upgraded Outlook. BJ's Restaurants reported robust financial results for its fiscal second quarter ended June 30, 2026, significantly exceeding analyst expectations. The company announced diluted earnings per share (EPS) of $0.94, surpassing the consensus estimate of $0.90 per share. Total revenues increased by 6.4% year-over-year to $388.9 million, also beating the analyst consensus of $377.07 million. This strong performance, marking the eighth consecutive quarter of sales growth, led management to raise its fiscal 2026 comparable restaurant sales guidance to a range of 3.0%-4.0% from the previous 1.0%-3.0% forecast, signaling increased confidence in future profitability.

2. Significant Comparable Restaurant Sales and Customer Traffic Growth. A core driver of the stock's appreciation was the substantial increase in comparable restaurant sales and customer traffic during fiscal Q2 2026. Comparable restaurant sales surged by 6.5%, notably driven by an impressive 8.3% rise in customer traffic. This outperformance against casual dining industry benchmarks demonstrated the company's ability to attract and retain guests, contributing directly to top-line growth.

3. Effective Menu Innovation and Marketing Strategies. BJ's Restaurants successfully leveraged menu innovation and efficient marketing to boost customer engagement and drive traffic. Initiatives such as seasonal Pizookie offerings and the Pizookie Meal Deal proved effective in attracting new customers and encouraging repeat visits. These company-specific strategies, coupled with more efficient marketing efforts, directly supported the sustained traffic gains and improved sales momentum.

4. Increased Institutional Investor Confidence. The period saw a notable increase in institutional ownership, indicating growing investor confidence in BJRI. For instance, BlackRock, Inc. increased its stake in BJ's Restaurants by 6.53% during fiscal Q2 2026, holding shares valued at over $200 million. Invesco Ltd. also grew its position by 22.5% in Q2, acquiring shares worth over $13 million. This substantial institutional buying activity reflects a positive sentiment towards the company's performance and future prospects.

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Stock Movement Drivers

Fundamental Drivers

The 31.7% change in BJRI stock from 5/31/2026 to 9/24/2026 was primarily driven by a 41.9% change in the company's P/E Multiple.
(LTM values as of)53120269242026Change
Stock Price ($)47.0561.9631.7%
Change Contribution By: 
Total Revenues ($ Mil)1,4091,4331.7%
Net Income Margin (%)3.1%2.9%-9.2%
P/E Multiple22.431.941.9%
Shares Outstanding (Mil)21210.5%
Cumulative Contribution31.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/24/2026
ReturnCorrelation
BJRI31.7% 
Market (SPY)1.7%-1.8%
Sector (XLY)-8.5%7.9%

Fundamental Drivers

The 63.1% change in BJRI stock from 2/28/2026 to 9/24/2026 was primarily driven by a 28.3% change in the company's Net Income Margin (%).
(LTM values as of)22820269242026Change
Stock Price ($)37.9961.9663.1%
Change Contribution By: 
Total Revenues ($ Mil)1,3881,4333.2%
Net Income Margin (%)2.2%2.9%28.3%
P/E Multiple26.931.918.4%
Shares Outstanding (Mil)22214.0%
Cumulative Contribution63.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/24/2026
ReturnCorrelation
BJRI63.1% 
Market (SPY)12.4%21.6%
Sector (XLY)-5.2%28.1%

Fundamental Drivers

The 84.6% change in BJRI stock from 8/31/2025 to 9/24/2026 was primarily driven by a 43.7% change in the company's Net Income Margin (%).
(LTM values as of)83120259242026Change
Stock Price ($)33.5661.9684.6%
Change Contribution By: 
Total Revenues ($ Mil)1,3841,4333.5%
Net Income Margin (%)2.0%2.9%43.7%
P/E Multiple27.131.917.5%
Shares Outstanding (Mil)22215.6%
Cumulative Contribution84.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/24/2026
ReturnCorrelation
BJRI84.6% 
Market (SPY)20.3%25.5%
Sector (XLY)-4.1%34.6%

Fundamental Drivers

The 110.7% change in BJRI stock from 8/31/2023 to 9/24/2026 was primarily driven by a 116.9% change in the company's Net Income Margin (%).
(LTM values as of)83120239242026Change
Stock Price ($)29.4161.96110.7%
Change Contribution By: 
Total Revenues ($ Mil)1,3461,4336.4%
Net Income Margin (%)1.3%2.9%116.9%
P/E Multiple39.031.9-18.4%
Shares Outstanding (Mil)242111.9%
Cumulative Contribution110.7%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/24/2026
ReturnCorrelation
BJRI110.7% 
Market (SPY)76.8%36.9%
Sector (XLY)32.4%42.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BJRI Return-10%-24%37%-2%12%56%60%
Peers Return5%-6%31%52%-7%43%159%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
BJRI Win Rate50%33%67%50%50%56% 
Peers Win Rate52%38%58%62%43%62% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
BJRI Max Drawdown-53%-43%-42%-27%-39%-27% 
Peers Max Drawdown-36%-35%-24%-26%-36%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRI, TXRH, EAT, CAKE, BLMN. See BJRI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/24/2026 (YTD)

How Low Can It Go

EventBJRIS&P 500
2025 US Tariff Shock
  % Loss-16.9%-18.8%
  % Gain to Breakeven20.3%23.1%
  Time to Breakeven24 days79 days
2024 Yen Carry Trade Unwind
  % Loss-19.1%-7.8%
  % Gain to Breakeven23.7%8.5%
  Time to Breakeven51 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-34.0%-9.5%
  % Gain to Breakeven51.6%10.5%
  Time to Breakeven71 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.7%-6.7%
  % Gain to Breakeven15.9%7.1%
  Time to Breakeven11 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-41.7%-24.5%
  % Gain to Breakeven71.6%32.4%
  Time to Breakeven226 days427 days
2020 COVID-19 Crash
  % Loss-84.8%-33.7%
  % Gain to Breakeven556.1%50.9%
  Time to Breakeven295 days140 days

Compare to DRI, TXRH, EAT, CAKE, BLMN

In The Past

BJ's Restaurants's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBJRIS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-34.0%-9.5%
  % Gain to Breakeven51.6%10.5%
  Time to Breakeven71 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-41.7%-24.5%
  % Gain to Breakeven71.6%32.4%
  Time to Breakeven226 days427 days
2020 COVID-19 Crash
  % Loss-84.8%-33.7%
  % Gain to Breakeven556.1%50.9%
  Time to Breakeven295 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-27.1%-19.2%
  % Gain to Breakeven37.2%23.8%
  Time to Breakeven2762 days105 days
2013 Taper Tantrum
  % Loss-23.1%-0.2%
  % Gain to Breakeven30.1%0.2%
  Time to Breakeven129 days1 days
2008-2009 Global Financial Crisis
  % Loss-60.0%-53.4%
  % Gain to Breakeven150.1%114.4%
  Time to Breakeven159 days1085 days

Compare to DRI, TXRH, EAT, CAKE, BLMN

In The Past

BJ's Restaurants's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BJ's Restaurants (BJRI)

BJ's Restaurants, Inc. (BJRI) operates as a prominent casual dining restaurant chain throughout the United States. The company's business model centers on owning and managing its various restaurant locations, providing patrons with a diverse menu in a relaxed, informal dining environment.

The core offerings at BJ's Restaurants include a wide array of food and beverage options designed to cater to varied tastes. These encompass signature pizzas, a comprehensive selection of craft and other beers, various appetizers, substantial entrées, pasta dishes, sandwiches, and fresh specialty salads. The dining experience is complemented by a tempting range of desserts.

BJ's Restaurants primarily serves the broad casual dining market across the United States. Its target customers are individuals and groups seeking quality food and beverages in an approachable setting. As of April 2022, the company had established a significant footprint with 213 restaurants spread across 29 states, highlighting its extensive national reach within the casual dining sector.

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Here are a couple of brief analogies for BJ's Restaurants:

  • A Cheesecake Factory known for pizzas and craft beers.

  • Like a California Pizza Kitchen with its own full-service brewpub.

AI Analysis | Feedback

  • Pizzas: A variety of baked dough dishes with savory toppings, representing a core menu item.
  • Craft and other beers: A selection of alcoholic beverages, including both specialty craft brews and standard beer options.
  • Appetizers: Small dishes served before the main course to stimulate the appetite.
  • Entrées: The main course meals served at the restaurant.
  • Pastas: Italian-style dishes made from various forms of dough, often served with sauces.
  • Sandwiches: Prepared food items consisting of fillings placed between slices of bread.
  • Specialty salads: Unique and distinct combinations of fresh greens and various toppings.
  • Desserts: Sweet dishes served to conclude a meal.

AI Analysis | Feedback

BJ's Restaurants (BJRI) primarily sells to individual consumers directly through its restaurant operations. Based on its business model as a casual dining restaurant chain, its major customer categories include:

  • Families: Customers seeking a diverse menu with options for various ages and a comfortable, relaxed atmosphere for dining out with children.
  • Social Diners/Groups of Friends: Individuals and groups looking for a casual and inviting environment to gather, socialize, and enjoy meals and beverages, including the company's selection of craft beers.
  • Couples: Diners seeking a casual yet pleasant setting for dates or simply to enjoy a meal out together.

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Lyle D. Tick

Chief Executive Officer and President

Lyle D. Tick was appointed Chief Executive Officer and President of BJ's Restaurants, Inc. effective June 5, 2025. He joined the company in September 2024 as President and Chief Concept Officer. Prior to his tenure at BJ's, Mr. Tick held leadership roles at On the Border Mexican Grill & Cantina, where he served as President and CEO. His experience also includes leadership positions at Buffalo Wild Wings, Walgreens Boots Alliance, and Bacardi. Early in his career, he worked in advertising, collaborating with various food and beverage firms such as AB InBev and Moët Hennessy. Mr. Tick did not have prior experience running a publicly traded company before joining BJ's.

Todd Wilson

Executive Vice President and Chief Financial Officer

Todd Wilson was appointed Executive Vice President and Chief Financial Officer of BJ's Restaurants, Inc., effective December 15, 2025. He brings nearly two decades of financial leadership experience within the restaurant industry. Most recently, from November 2022, Mr. Wilson served as the CFO of Red Robin Gourmet Burgers, Inc., a publicly traded full-service restaurant chain, where he played a key role in improving restaurant-level margins and financial results. From 2018 to 2022, he was the CFO at Hopdoddy, contributing to improved operating margins, doubling the unit count through organic growth and acquisitions, and completing two debt refinancings. Before that, he held progressive financial leadership roles at Bloomin' Brands from 2006 to 2016 and also served as Vice President of Finance for Jamba Juice. Mr. Wilson holds an MBA from the University of South Florida and a bachelor's degree from the University of Florida.

Alex Puchner

Senior Vice President of Brewing Operations

Alex Puchner is the Senior Vice President of Brewing Operations at BJ's Restaurants, Inc. He joined BJ's in 1996 as its first brewmaster when the company built its first brewpub. Prior to BJ's, Mr. Puchner honed his brewing skills as a homebrewer and then as a craft brewer at some of the first brewpubs in Orange County and Los Angeles. He has been a beer judge at prestigious events like the Great American Beer Festival and World Beer Cup for three decades.

Gregory S. Lynds

Executive Vice President and Chief Development Officer

Christopher P. Pinsak

Executive Vice President and Chief Operating Officer

AI Analysis | Feedback

Key Business Risks for BJ's Restaurants (BJRI)

  1. Macroeconomic Challenges and Consumer Spending: BJ's Restaurants faces significant risks from macroeconomic headwinds, including inflation and fluctuating consumer discretionary spending. The company has noted concerns regarding increased food cost inflation and general consumer uncertainty, which can impact guest traffic and average check sizes. This also includes the potential for a restaurant price war and traffic shifting away from casual dining to grocery or quick-service alternatives.
  2. Intense Competition: The casual dining sector is highly competitive, posing a continuous challenge for BJ's Restaurants. The company operates in an environment where customers have significant power due to low switching costs, making it difficult to maintain and grow market share. Larger rivals may also have more resources to deploy in competitive strategies.
  3. Rising Labor and Commodity Costs & Supply Chain Volatility: BJ's Restaurants is exposed to risks associated with rising labor costs and volatility in commodity prices. The costs of certain key ingredients, such as avocados, ground beef, and bone-in wings, have experienced year-over-year increases. Furthermore, the company's reliance on frequent and consistent deliveries makes it vulnerable to supply chain disruptions caused by weather, natural disasters, labor issues, or other operational interruptions.

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  • The proliferation of ghost kitchens and virtual restaurant brands optimized for delivery, which operate with significantly lower overheads than traditional brick-and-mortar restaurants, creating intense competition in the delivery and takeout segments.
  • Rapid advancements and potential widespread adoption of automation and robotics in kitchen operations, which could drastically reduce labor costs and improve operational efficiency for competing restaurant concepts, putting pressure on traditional casual dining models.

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BJ's Restaurants, Inc. operates in the casual dining segment of the restaurant industry, with offerings including pizzas and craft beers. The addressable markets for these main products and services are within the United States.

U.S. Full-Service Restaurants Market (includes Casual Dining)

The U.S. full-service restaurant market, which encompasses casual dining, was valued at approximately US$ 371.9 billion in 2025. This market is projected to reach US$ 715.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.7% from 2025 to 2032. Another estimate valued the U.S. full-service restaurant market at USD 362.15 billion in 2025, with a projection to grow to USD 685.11 billion by 2031 at a CAGR of 11.07% during the forecast period (2026-2031). The sector is also expected to grow from USD 336.22 billion in 2024 to USD 807.83 billion by 2033, at a CAGR of 10.23% from 2025-2033.

U.S. Pizza Market

The United States pizza market reached an estimated USD 39.0 billion in 2025. Looking ahead, the market is expected to reach USD 50.7 billion by 2034, demonstrating a CAGR of 2.95% during the period of 2026-2034. In 2024, the United States pizza restaurant market was projected to reach $50.1 billion in revenue.

U.S. Craft Beer Market

The United States craft beer market size was approximately USD 31.3 billion in 2025. Projections indicate this market is expected to reach USD 42.4 billion by 2034, with a CAGR of 3.43% from 2026 to 2034. In 2024, retail dollar sales of craft beer in the U.S. increased by 3% to $28.8 billion, representing 24.7% of the total U.S. beer market.

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BJ's Restaurants (NASDAQ: BJRI) is expected to drive future revenue growth over the next two to three years through a combination of strategic initiatives focused on expansion, menu innovation, customer engagement, and operational improvements.

Here are 3-5 expected drivers of future revenue growth:

  1. New Restaurant Expansion and Prototype Development: BJ's Restaurants plans to reignite net unit growth, with management indicating plans to pilot up to two new restaurant openings in late 2026 featuring a refreshed prototype for future expansion. This measured ramp-up in new unit development is expected to contribute to long-term growth. Contributions from new restaurant openings were already a driver of revenue growth in fiscal 2025.
  2. Menu Innovation and Product Launches: The company is focused on menu renovation, including a renovated pizza platform that has already shown increased "pizza incidents." The Pizookie platform, including the Pizookie Meal Deal and seasonally relevant Pizookies, is a key product offering that has driven traffic and is expected to continue contributing to sales. Successful limited-time offerings (LTOs) are also part of this strategy.
  3. Enhanced Guest Traffic through Marketing and Value Offerings: BJ's Restaurants is emphasizing social and influencer-driven marketing to boost brand awareness and attract customers, particularly a younger demographic. Initiatives like the Pizookie Meal Deal and late-night occasions are highlighted as key drivers for increasing guest frequency and delivering value, which in turn leads to higher traffic. The company's Daily Brewhouse Specials have also resonated with value-seeking guests.
  4. Growth in High-Margin Channels: Scaling high-margin channels such as catering and optimizing the digital experience are considered primary engines for future profitable growth. This includes enhancing app and web ordering to improve conversion rates and average check sizes, and leveraging off-premise sales.
  5. Operational Efficiencies to Support Competitive Positioning: Ongoing margin improvement initiatives and operational enhancements are expected to yield further benefits. These efficiencies, including improvements in cost of sales, activity-based labor management, and supply chain initiatives, enable the company to maintain competitive pricing and value propositions, thereby supporting sustained traffic and sales growth.

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Share Repurchases

  • BJ's Restaurants repurchased approximately 2.0 million shares for roughly $67.8 million in fiscal 2025.
  • During the fourth quarter of 2025, the company repurchased and retired approximately 167,000 shares of common stock at a cost of about $5.4 million.
  • As of February 25, 2026, approximately $93.2 million remained available under the company's authorized share repurchase program, and management anticipates repurchasing up to $50 million in 2026.

Share Issuance

  • Through two capital raising transactions in May 2020 and January 2021, BJ's Restaurants raised a total of approximately $100 million.
  • This included a $70 million private placement of common stock in May 2020 and a $30 million sale of common stock through an "at-the-market" offering.

Capital Expenditures

  • Capital expenditures were anticipated to be between $65 million and $75 million for fiscal year 2025.
  • For fiscal 2026, planned capital expenditures are projected to be between $85 million and $95 million.
  • The primary focus of these capital expenditures includes new restaurant development, restaurant remodels (with 19 completed in 2025), and investments in social media and marketing.

Better Bets vs. BJ's Restaurants (BJRI)

Peer Outperformance in Restaurants

BJRI has outperformed 74% of its 34 Restaurants peers over 5Y. Among the peers that beat it is CAKE. Restaurants ranks 11th of 23 industries in Consumer Discretionary by median 5Y return.
Share of Restaurants constituents that BJRI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
98%
of 44 industry peers · 102.3% return
3Y
95%
of 42 industry peers · 166.5% return
5Y
74%
of 34 industry peers · 37.1% return
Restaurants peers with revenue growth within 4pp of BJRI's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
BJRI BJ's Restaurants 2.1% 31.9x 102.3%166.5%37.1% —
CAKE Cheesecake Factory 4.4% 27.4x 94.7%289.2%138.6% +101pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Restaurants is BJRI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -16.0%78.1%68.3% LINC 279% · PRDO 222% · CVSA 221%
Homebuilding 18 -9.1%33.5%50.2% GRBK 217% · PHM 161% · TOL 139%
Specialty Stores 7 5.4%46.3%14.2% SIG 33% · ASO 19% · FIVE 15%
Home Improvement Retail 5 -26.7%-5.8%-1.7% HVT 10% · LOW 0% · HD -2%
Hotels, Resorts & Cruise Lines 22 14.9%42.9%-2.6% RCL 173% · MAR 140% · HLT 134%
Automotive Retail 18 -21.3%-2.6%-7.6% MUSA 223% · PAG 120% · ORLY 107%
Distributors 4 -12.2%-26.1%-14.0% ARMK 139% · GPC 21% · LKQ -49%
Home Furnishings 4 -8.5%20.6%-17.3% SGI 33% · LZB 1% · MHK -35%
Footwear 10 54.8%47.6%-18.2% WEYS 174% · DECK 21% · SHOO 18%
Specialized Consumer Services 10 -19.0%12.5%-18.9% HRB 97% · FTDR 70% · SCI 38%
Restaurants ← 35 -8.5%-13.9%-23.8% EAT 300% · CAKE 139% · BH-A 103%
Leisure Products 13 -25.5%-21.6%-40.7% GOLF 73% · HAS 12% · MCFT -20%
Casinos & Gaming 21 -16.4%-22.3%-41.5% MCRI 96% · RRR 29% · BYD 17%
Household Appliances 18 -7.0%0.3%-42.2% FLXS 206% · HBB 169% · KEQU 159%
Automotive Parts & Equipment 38 -16.9%-16.0%-42.3% MOD 1632% · GTX 263% · CAAS 83%
Apparel Retail 26 -4.9%16.1%-42.7% ANF 236% · URBN 134% · ROST 114%
Apparel, Accessories & Luxury Goods 28 -9.4%6.9%-43.6% RL 231% · TPR 223% · ELA 212%
Leisure Facilities 11 -21.6%-8.5%-44.8% OSW 130% · JAKK 117% · ESCA 22%
Computer & Electronics Retail 3 -4.7%41.6%-45.9% BBY 10% · GME -46% · UPBD -65%
Broadline Retail 15 -8.8%14.6%-57.2% DDS 304% · EBAY 61% · AMZN 46%
Automobile Manufacturers 8 -78.3%-51.6%-72.5% GM 61% · TSLA 46% · F 25%
Consumer Electronics 11 -15.3%-18.3%-75.1% AXIL 2253% · GRMN 89% · SONO -50%
Other Specialty Retail 18 -35.9%-45.4%-79.7% TLF 106% · BBW 64% · WINA 58%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BJRIDRITXRHEATCAKEBLMNMedian
NameBJ's Res.Darden R.Texas Ro.Brinker .Cheeseca.Bloomin . 
Mkt Price61.96207.24161.55206.71105.058.12133.30
Mkt Cap1.323.710.68.84.90.76.8
Rev LTM1,43313,2116,2325,8073,8773,9804,893
Op Inc LTM431,607490628271129380
FCF LTM451,088400558205155303
FCF 3Y Avg391,033360398130102245
CFO LTM1181,848803789354320572
CFO 3Y Avg1171,720733630292305468

Growth & Margins

BJRIDRITXRHEATCAKEBLMNMedian
NameBJ's Res.Darden R.Texas Ro.Brinker .Cheeseca.Bloomin . 
Rev Chg LTM3.5%9.4%9.9%7.9%5.7%1.2%6.8%
Rev Chg 3Y Avg2.1%8.0%12.8%12.2%4.4%-1.2%6.2%
Rev Chg Q6.4%13.7%11.1%5.1%7.7%1.3%7.0%
QoQ Delta Rev Chg LTM1.7%3.5%2.8%1.3%1.9%0.3%1.8%
Op Inc Chg LTM-3.4%11.9%-7.5%13.5%11.2%-15.6%3.9%
Op Inc Chg 3Y Avg30.1%9.7%13.1%56.8%28.0%-26.5%20.5%
Op Mgn LTM3.0%12.2%7.9%10.8%7.0%3.2%7.4%
Op Mgn 3Y Avg2.8%12.0%8.7%9.1%6.4%4.5%7.5%
QoQ Delta Op Mgn LTM-0.2%0.3%-0.3%0.2%0.2%0.3%0.2%
CFO/Rev LTM8.2%14.0%12.9%13.6%9.1%8.0%11.0%
CFO/Rev 3Y Avg8.4%14.1%13.1%11.9%7.9%7.8%10.2%
FCF/Rev LTM3.1%8.2%6.4%9.6%5.3%3.9%5.9%
FCF/Rev 3Y Avg2.8%8.5%6.4%7.4%3.5%2.6%4.9%

Valuation

BJRIDRITXRHEATCAKEBLMNMedian
NameBJ's Res.Darden R.Texas Ro.Brinker .Cheeseca.Bloomin . 
Mkt Cap1.323.710.68.84.90.76.8
P/S0.91.81.71.51.30.21.4
P/Op Inc30.114.721.713.918.15.416.4
P/EBIT31.014.921.714.123.814.618.3
P/E31.919.625.718.027.425.125.4
P/CFO11.112.813.211.113.82.212.0
Total Yield3.1%8.0%5.7%5.6%4.8%5.8%5.6%
Dividend Yield0.0%2.9%1.8%0.0%1.1%1.8%1.5%
FCF Yield 3Y Avg3.8%4.7%2.9%6.6%4.3%10.6%4.5%
D/E0.30.30.10.20.42.80.3
Net D/E0.30.30.10.20.42.70.3

Returns

BJRIDRITXRHEATCAKEBLMNMedian
NameBJ's Res.Darden R.Texas Ro.Brinker .Cheeseca.Bloomin . 
1M Rtn-5.2%-6.0%-20.2%-16.9%-7.4%-26.4%-12.2%
3M Rtn10.0%-1.8%-14.9%19.2%33.3%-6.1%4.1%
6M Rtn68.0%5.9%-2.1%50.3%91.3%47.1%48.7%
12M Rtn102.3%14.6%1.5%50.9%94.7%9.3%32.8%
3Y Rtn166.5%61.7%78.0%598.8%289.2%-61.9%122.2%
1M Excs Rtn-5.5%-6.3%-20.6%-17.2%-7.8%-26.8%-12.5%
3M Excs Rtn5.3%-6.5%-19.6%14.5%28.5%-10.8%-0.6%
6M Excs Rtn49.8%-12.5%-20.5%23.6%71.1%27.6%25.6%
12M Excs Rtn86.4%-1.1%-12.9%33.3%80.8%-1.0%16.1%
3Y Excs Rtn67.6%-20.7%-4.0%476.1%207.2%-138.0%31.8%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Full-service company-owned restaurants1,3991,3571,3331,2841,087
Total1,3991,3571,3331,2841,087


Operating Income by Segment
$ Mil202520242023
Full-service company-owned restaurants461414
Total461414


Net Income by Segment
$ Mil202520242023
Full-service company-owned restaurants491720
Total491720


Assets by Segment
$ Mil20252024
Full-service company-owned restaurants1,0151,041
Total1,0151,041


Price Behavior

Price Behavior
Market Price$61.96 
Market Cap ($ Bil)1.3 
First Trading Date10/10/1996 
Distance from 52W High-16.6% 
   50 Days200 Days
DMA Price$65.00$48.32
DMA Trendupup
Distance from DMA-4.7%28.2%
 3M1YR
Volatility44.1%43.9%
Downside Capture-63.1453.44
Upside Capture-2.22125.47
Correlation (SPY)-6.1%26.0%
BJRI Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.35-0.36-0.180.660.891.04
Up Beta-1.16-0.210.501.170.961.14
Down Beta3.32-0.85-0.450.540.610.94
Up Capture-68%-9%36%100%143%116%
Bmk +ve Days10213268138427
Stock +ve Days9223673138384
Down Capture42%-65%-137%-11%73%99%
Bmk -ve Days11213259113324
Stock -ve Days12202854112362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJRI
BJRI102.7%43.8%1.72-
Sector ETF (XLY)-6.7%19.5%-0.4835.1%
Equity (SPY)16.7%13.0%0.9225.8%
Gold (GLD)13.1%29.3%0.427.2%
Commodities (DBC)45.1%20.7%1.71-17.4%
Real Estate (VNQ)3.7%13.7%0.0121.5%
Bitcoin (BTCUSD)-24.8%44.8%-0.5113.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJRI
BJRI10.4%46.6%0.36-
Sector ETF (XLY)4.5%24.1%0.1548.6%
Equity (SPY)12.9%17.2%0.5743.2%
Gold (GLD)19.0%18.8%0.824.4%
Commodities (DBC)10.6%19.6%0.422.3%
Real Estate (VNQ)0.7%18.9%-0.0737.8%
Bitcoin (BTCUSD)12.0%52.6%0.4121.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BJRI
BJRI6.0%54.0%0.33-
Sector ETF (XLY)12.1%22.2%0.5049.2%
Equity (SPY)15.5%17.9%0.7346.5%
Gold (GLD)12.0%16.4%0.602.9%
Commodities (DBC)8.5%18.1%0.3915.4%
Real Estate (VNQ)4.8%20.7%0.1945.6%
Bitcoin (BTCUSD)63.7%66.2%1.0314.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity1.8 Mil
Short Interest: % Change Since 81520266.3%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest4.4 days
Basic Shares Quantity21.0 Mil
Short % of Basic Shares8.7%

Earnings Returns History

Updated 9/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-9.0%-5.9%-12.3%
5/5/20264.6%8.2%12.1%
2/25/2026-2.1%-14.0%-9.8%
10/30/202518.4%20.9%29.3%
7/31/2025-3.6%-3.6%-5.3%
5/1/202513.2%15.9%35.9%
2/20/20256.5%4.7%-4.7%
10/31/2024-8.4%-3.7%0.6%
...
SUMMARY STATS   
# Positive131112
# Negative111312
Median Positive5.9%8.7%13.5%
Median Negative-3.7%-3.7%-11.2%
Max Positive18.4%20.9%35.9%
Max Negative-15.4%-17.3%-22.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-9.0%-5.9%-12.3%
5/5/20264.6%8.2%12.1%
2/25/2026-2.1%-14.0%-9.8%
10/30/202518.4%20.9%29.3%
7/31/2025-3.6%-3.6%-5.3%
5/1/202513.2%15.9%35.9%
2/20/20256.5%4.7%-4.7%
10/31/2024-8.4%-3.7%0.6%
7/25/2024-15.4%-17.3%-12.2%
5/2/20245.9%3.9%7.3%
2/15/20242.8%-3.7%-0.6%
10/26/20238.7%14.8%28.7%
7/27/20239.4%8.7%-11.1%
4/27/202312.6%8.7%7.2%
2/16/2023-2.7%-2.8%-14.6%
10/20/20224.5%12.4%19.8%
7/21/2022-1.4%1.6%14.9%
4/21/2022-0.4%-2.3%-22.3%
2/17/20224.3%-1.7%-17.8%
10/21/20212.3%-5.6%-7.6%
7/29/2021-3.7%-7.5%4.9%
4/22/2021-5.7%2.6%-11.3%
2/11/20210.3%-1.4%16.8%
10/22/2020-8.5%-16.8%5.0%
SUMMARY STATS   
# Positive131112
# Negative111312
Median Positive5.9%8.7%13.5%
Median Negative-3.7%-3.7%-11.2%
Max Positive18.4%20.9%35.9%
Max Negative-15.4%-17.3%-22.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/06/202610-Q
12/31/202503/02/202610-K
09/30/202511/05/202510-Q
06/30/202508/08/202510-Q
03/31/202505/05/202510-Q
12/31/202402/26/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202210/31/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/31/202610-Q
03/31/202605/06/202610-Q
12/31/202503/02/202610-K
09/30/202511/05/202510-Q
06/30/202508/08/202510-Q
03/31/202505/05/202510-Q
12/31/202402/26/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202210/31/202210-Q
06/30/202208/01/202210-Q
03/31/202205/02/202210-Q
12/31/202102/25/202210-K
09/30/202111/01/202110-Q
06/30/202108/02/202110-Q
03/31/202105/04/202110-Q
12/31/202003/01/202110-K
09/30/202011/02/202010-Q
06/30/202008/03/202010-Q
03/31/202005/11/202010-Q
12/31/201902/25/202010-K
09/30/201911/04/201910-Q

Recent Forward Guidance

Updated 7/31/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable Restaurant SalesReported0.030.040.04 1.5%RaisedGuidance: 0.02 for 2026
2026 Restaurant Level Operating ProfitReported228.00 Mil231.50 Mil235.00 Mil2.0% RaisedGuidance: 227.00 Mil for 2026
2026 Adjusted EBITDAReported145.00 Mil148.50 Mil152.00 Mil2.4% RaisedGuidance: 145.00 Mil for 2026
2026 Capital ExpendituresReported85.00 Mil90.00 Mil95.00 Mil0 AffirmedGuidance: 90.00 Mil for 2026
2026 Share RepurchasesReported 50.00 Mil 0 AffirmedGuidance: 50.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable restaurant sales growthReported1.0%2.0%3.0% 0.0%AffirmedGuidance: 2.0% for 2026
2026 Restaurant level operating profitReported221.00 Mil227.00 Mil233.00 Mil0.0% AffirmedGuidance: 227.00 Mil for 2026
2026 Adjusted EBITDAReported140.00 Mil145.00 Mil150.00 Mil0.0% AffirmedGuidance: 145.00 Mil for 2026
2026 Capital expendituresReported85.00 Mil90.00 Mil95.00 Mil0.0% AffirmedGuidance: 90.00 Mil for 2026
2026 Share repurchasesReported 50.00 Mil 0.0% AffirmedGuidance: 50.00 Mil for 2026

Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Comparable restaurant sales growthReported1.0%2.0%3.0% 0.0%Same NewGuidance: 2.0% for 2025
2026 Restaurant level operating profitReported221.00 Mil227.00 Mil233.00 Mil5.6% Higher NewGuidance: 215.00 Mil for 2025
2026 Adjusted EBITDAReported140.00 Mil145.00 Mil150.00 Mil6.6% Higher NewGuidance: 136.00 Mil for 2025
2026 Capital expendituresReported85.00 Mil90.00 Mil95.00 Mil28.6% Higher NewGuidance: 70.00 Mil for 2025
2026 Share repurchasesReported 50.00 Mil -31.0% Lower NewGuidance: 72.50 Mil for 2025

Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Comparable restaurant sales growthReported 2.0%  0AffirmedGuidance: 2.0% for 2025
2025 Restaurant level operating profitReported211.00 Mil215.00 Mil219.00 Mil0 AffirmedGuidance: 215.00 Mil for 2025
2025 Adjusted EBITDAReported132.00 Mil136.00 Mil140.00 Mil0 AffirmedGuidance: 136.00 Mil for 2025
2025 Capital expendituresReported65.00 Mil70.00 Mil75.00 Mil0 AffirmedGuidance: 70.00 Mil for 2025
2025 Share repurchasesReported65.00 Mil72.50 Mil80.00 Mil45.0% RaisedGuidance: 50.00 Mil for 2025

Insider Activity

Updated 9/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Richmond, C Bradford TrustBuy902202661.0550030,5252,197,800Form
2Richmond, C Bradford TrustBuy831202663.2575347,6272,245,375Form
3Elbogen, Noah A DirectSell812202670.147,535528,5055,025,882Form
4Miller, Kendra DEVP & General CounselDirectSell807202669.802,978207,8641,788,346Form
5Miller, Kendra DEVP & General CounselDirectSell807202669.3110,217708,1401,982,197Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Richmond, C Bradford TrustBuy902202661.0550030,5252,197,800Form
2Richmond, C Bradford TrustBuy831202663.2575347,6272,245,375Form
3Elbogen, Noah A DirectSell812202670.147,535528,5055,025,882Form
4Miller, Kendra DEVP & General CounselDirectSell807202669.802,978207,8641,788,346Form
5Miller, Kendra DEVP & General CounselDirectSell807202669.3110,217708,1401,982,197Form
6Lynds, Gregory SEVP & Chief Dev. OfficerDirectSell807202668.8121,7041,493,4521,704,424Form
7Lynds, Gregory SEVP & Chief Dev. OfficerDirectSell805202667.4725,3501,710,3643,135,601Form
8Lynds, Gregory SEVP & Chief Dev. OfficerDirectSell623202655.866,201346,3882,596,038Form
9Elbogen, Noah A DirectSell623202654.004,652251,2084,116,690Form
10Ottinger, Lea Anne DirectSell623202653.502,792149,3722,124,004Form
11Rogers, HeidiSVP & Chief Marketing OfficerDirectSell615202653.213,090164,419492,991Form
12Lynds, Gregory SEVP & Chief Dev. OfficerDirectSell612202650.765,537281,0582,359,020Form
13Miller, Kendra DEVP & General CounselDirectSell611202655.6019,2611,070,9121,590,104Form
14Miller, Kendra DEVP & General CounselDirectSell611202648.567,419360,2671,388,767Form
15Krakower, Brian SEVP & Chief Info. OfficerDirectSell601202655.177,341405,003260,458Form
16Elbogen, Noah A DirectSell601202647.854,049193,7453,647,845Form
17Krakower, Brian SEVP & Chief Info. OfficerDirectSell601202646.713,475162,327220,531Form
18Krakower, Brian SEVP & Chief Info. OfficerDirectSell318202635.032,60091,078177,322Form
19Richmond, C Bradford TrustBuy306202634.051,00034,050636,735Form
20Richmond, C Bradford TrustBuy305202635.101,20042,122586,198Form
21Krakower, Brian SEVP & Chief Info. OfficerDirectSell1215202539.618,017317,570174,650Form
22Puchner, AlexSr. Vice President Brewing OpsDirectSell909202534.061,82162,023361,785Form
Core Cache Last Updated: 9/24/2026