DB:ZCG

Stock Analysis Report

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Executive Summary

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States.


Snowflake Analysis

Very undervalued with reasonable growth potential.


Similar Companies

Share Price & News

How has BJ's Restaurants's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZCG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.0%

ZCG

-3.0%

DE Hospitality

0.05%

DE Market


1 Year Return

-60.4%

ZCG

-38.5%

DE Hospitality

3.4%

DE Market

Return vs Industry: ZCG underperformed the German Hospitality industry which returned -34.4% over the past year.

Return vs Market: ZCG underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

ZCGIndustryMarket
7 Day-13.0%-3.0%0.05%
30 Day-25.8%-11.5%5.5%
90 Day-2.8%13.3%19.9%
1 Year-60.0%-60.4%-35.9%-38.5%5.7%3.4%
3 Year-50.6%-51.9%-51.0%-57.7%3.4%-4.7%
5 Year-67.5%-68.4%-52.1%-62.2%10.4%-4.5%

Price Volatility Vs. Market

How volatile is BJ's Restaurants's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BJ's Restaurants undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZCG (€14.1) is trading below our estimate of fair value (€21.68)

Significantly Below Fair Value: ZCG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ZCG is good value based on its PE Ratio (11.6x) compared to the DE Hospitality industry average (20.2x).

PE vs Market: ZCG is good value based on its PE Ratio (11.6x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: ZCG is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: ZCG is good value based on its PB Ratio (1.1x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

How is BJ's Restaurants forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

100.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZCG's forecast earnings growth (100.4% per year) is above the savings rate (0.2%).

Earnings vs Market: ZCG's earnings (100.4% per year) are forecast to grow faster than the German market (22.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ZCG's revenue (11% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: ZCG's revenue (11% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZCG's Return on Equity is forecast to be low in 3 years time (6.5%).


Next Steps

Past Performance

How has BJ's Restaurants performed over the past 5 years?

2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZCG has high quality earnings.

Growing Profit Margin: ZCG's current net profit margins (2.5%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ZCG's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: ZCG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ZCG had negative earnings growth (-42.7%) over the past year, making it difficult to compare to the Hospitality industry average (-15.6%).


Return on Equity

High ROE: ZCG's Return on Equity (10.3%) is considered low.


Next Steps

Financial Health

How is BJ's Restaurants's financial position?


Financial Position Analysis

Short Term Liabilities: ZCG's short term assets ($112.6M) do not cover its short term liabilities ($138.8M).

Long Term Liabilities: ZCG's short term assets ($112.6M) do not cover its long term liabilities ($702.4M).


Debt to Equity History and Analysis

Debt Level: ZCG's debt to equity ratio (85.3%) is considered high.

Reducing Debt: ZCG's debt to equity ratio has increased from 11% to 85.3% over the past 5 years.

Debt Coverage: ZCG's debt is well covered by operating cash flow (41%).

Interest Coverage: ZCG's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is BJ's Restaurants's current dividend yield, its reliability and sustainability?

2.16%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZCG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZCG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZCG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZCG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ZCG is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZCG's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Greg Trojan (60yo)

7.42yrs

Tenure

US$2,397,146

Compensation

Mr. Gregory A. Trojan, also known as Greg, has been the Chief Executive Officer of BJ's Restaurants, Inc. since February 01, 2013 and served as its President since December 3, 2012. Mr. Trojan served as Ch ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD2.40M) is above average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Trojan
CEO & Director7.42yrsUS$2.40m0.23% $761.0k
Gregory Levin
President2.5yrsUS$1.07m0.18% $601.5k
Lon Ledwith
Executive Vice President of Operations5.25yrsUS$607.45k0.039% $129.3k
Gregory Lynds
Executive VP & Chief Development Officer17yrsUS$654.25k0.11% $354.6k
Kevin Mayer
Executive VP & Chief Marketing Officer6yrsUS$657.85k0.019% $63.5k
Jacob Guild
Senior VP & Chief Accounting Officer0.50yrno data0.011% $34.9k
Brian Krakower
Senior VP & Chief Information Officer7.42yrsUS$544.30k0.00039% $1.3k
Kendra Miller
Executive VP9.33yrsUS$597.96k0.027% $88.1k
Alexander Puchner
Senior Vice President of Brewing Operations24.5yrsUS$143.26k0.047% $156.6k
Christopher Pinsak
Senior Vice President of Operations9.5yrsno datano data
Scott Rodriguez
Senior Vice President of Culinary2.5yrsno datano data
Robert Deliema
President of BJ's Restaurants Foundationno datano datano data

7.4yrs

Average Tenure

55yo

Average Age

Experienced Management: ZCG's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Trojan
CEO & Director7.42yrsUS$2.40m0.23% $761.0k
Gerald Deitchle
Chairman12.08yrsUS$210.00k0.13% $429.0k
Peter A. Bassi
Lead Independent Director12.08yrsUS$206.50k0.27% $888.5k
James Dal Pozzo
Director19.5yrsUS$160.00k0.057% $190.0k
Larry Bouts
Independent Director16.25yrsUS$180.00k0.12% $388.1k
Keith Pascal
Director0.17yrno data0.0045% $14.9k
Lea Anne Ottinger
Independent Director9.92yrsUS$172.00k0.10% $337.7k
Patrick Walsh
Independent Director6.08yrsUS$176.50k0.075% $248.3k
Noah Elbogen
Independent Director6.08yrsUS$172.50k0.26% $876.1k
Janet Sherlock
Independent Director1.5yrsUS$169.00k0.0084% $27.9k

8.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ZCG's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.4%.


Top Shareholders

Company Information

BJ's Restaurants, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BJ's Restaurants, Inc.
  • Ticker: ZCG
  • Exchange: DB
  • Founded: 1978
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: US$377.105m
  • Listing Market Cap: US$330.872m
  • Shares outstanding: 22.26m
  • Website: https://www.bjsrestaurants.com

Number of Employees


Location

  • BJ's Restaurants, Inc.
  • 7755 Center Avenue
  • Suite 300
  • Huntington Beach
  • California
  • 92647
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BJRINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1996
ZCGDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1996

Biography

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 6, 2020, the company operated 209 restaurants. BJ's Restaurants, Inc. was founded in 1978 and is based in Huntington Beach, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:41
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.