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BJ's Restaurants

Nasdaq:BJRI
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BJRI
Nasdaq
$834M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
  • BJ's Restaurants has significant price volatility in the past 3 months.
BJRI Share Price and Events
7 Day Returns
-2.1%
NasdaqGS:BJRI
-2.1%
US Hospitality
-0.9%
US Market
1 Year Returns
-35.6%
NasdaqGS:BJRI
-5.2%
US Hospitality
3.8%
US Market
BJRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BJ's Restaurants (BJRI) -2.1% -7.6% -16.3% -35.6% 3.8% 17.7%
US Hospitality -2.1% 1.4% -2.8% -5.2% 40.6% 19.7%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • BJRI underperformed the Hospitality industry which returned -5.2% over the past year.
  • BJRI underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
BJRI
Industry
5yr Volatility vs Market

BJRI Value

 Is BJ's Restaurants undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BJ's Restaurants to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BJ's Restaurants.

NasdaqGS:BJRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BJRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (68.88%))
1.283
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.283 * 5.96%)
10.37%

Discounted Cash Flow Calculation for NasdaqGS:BJRI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BJ's Restaurants is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:BJRI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.37%)
2020 63.04 Analyst x2 57.12
2021 58.71 Est @ -6.87% 48.19
2022 56.37 Est @ -3.99% 41.92
2023 55.26 Est @ -1.97% 37.23
2024 54.94 Est @ -0.56% 33.54
2025 55.18 Est @ 0.42% 30.52
2026 55.79 Est @ 1.12% 27.96
2027 56.69 Est @ 1.6% 25.74
2028 57.79 Est @ 1.94% 23.77
2029 59.04 Est @ 2.18% 22.00
Present value of next 10 years cash flows $347.99
NasdaqGS:BJRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $59.04 × (1 + 2.73%) ÷ (10.37% – 2.73%)
$793.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $793.46 ÷ (1 + 10.37%)10
$295.69
NasdaqGS:BJRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $347.99 + $295.69
$643.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $643.67 / 20.73
$31.04
NasdaqGS:BJRI Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.04
Current discount Discount to share price of $40.30
= -1 x ($40.30 - $31.04) / $31.04
-29.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BJ's Restaurants is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BJ's Restaurants's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BJ's Restaurants's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BJRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-02) in USD $2.33
NasdaqGS:BJRI Share Price ** NasdaqGS (2019-07-23) in USD $40.3
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.73x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BJ's Restaurants.

NasdaqGS:BJRI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BJRI Share Price ÷ EPS (both in USD)

= 40.3 ÷ 2.33

17.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BJ's Restaurants is good value based on earnings compared to the US Hospitality industry average.
  • BJ's Restaurants is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does BJ's Restaurants's expected growth come at a high price?
Raw Data
NasdaqGS:BJRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
3.7%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 56 Publicly-Listed Hospitality Companies 1.88x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NasdaqGS:BJRI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.33x ÷ 3.7%

4.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BJ's Restaurants is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BJ's Restaurants's assets?
Raw Data
NasdaqGS:BJRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-02) in USD $15.75
NasdaqGS:BJRI Share Price * NasdaqGS (2019-07-23) in USD $40.3
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqGS:BJRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BJRI Share Price ÷ Book Value per Share (both in USD)

= 40.3 ÷ 15.75

2.56x

* Primary Listing of BJ's Restaurants.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BJ's Restaurants is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess BJ's Restaurants's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. BJ's Restaurants has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BJRI Future Performance

 How is BJ's Restaurants expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BJ's Restaurants expected to grow at an attractive rate?
  • BJ's Restaurants's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • BJ's Restaurants's earnings growth is positive but not above the United States of America market average.
  • BJ's Restaurants's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BJRI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BJRI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 3.7%
NasdaqGS:BJRI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 6.2%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BJRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BJRI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,327 47 2
2020-12-31 1,247 149 52 14
2019-12-31 1,171 134 48 14
NasdaqGS:BJRI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-02 1,129 129 49
2019-01-01 1,117 133 51
2018-10-02 1,098 133 64
2018-07-03 1,074 128 57
2018-04-03 1,052 111 50
2018-01-02 1,032 107 45
2017-10-03 1,036 99 34
2017-07-04 1,023 119 39
2017-04-04 1,007 113 43
2017-01-03 993 138 46
2016-09-27 961 136 44
2016-06-28 956 142 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BJ's Restaurants's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
  • BJ's Restaurants's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BJRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from BJ's Restaurants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BJRI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.34 2.34 2.34 1.00
2020-12-31 2.51 3.13 2.18 12.00
2019-12-31 2.27 2.60 2.10 12.00
NasdaqGS:BJRI Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-02 2.33
2019-01-01 2.42
2018-10-02 3.06
2018-07-03 2.76
2018-04-03 2.39
2018-01-02 2.10
2017-10-03 1.56
2017-07-04 1.73
2017-04-04 1.86
2017-01-03 1.91
2016-09-27 1.79
2016-06-28 1.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BJ's Restaurants is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BJ's Restaurants's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BJ's Restaurants has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BJRI Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BJ's Restaurants's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BJ's Restaurants's year on year earnings growth rate has been positive over the past 5 years.
  • BJ's Restaurants's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BJ's Restaurants's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
BJ's Restaurants's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BJ's Restaurants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BJRI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-02 1,128.98 49.01 64.36
2019-01-01 1,116.95 50.81 62.75
2018-10-02 1,097.57 63.61 62.06
2018-07-03 1,074.31 57.48 60.56
2018-04-03 1,052.49 50.18 59.34
2018-01-02 1,031.78 44.78 59.32
2017-10-03 1,036.26 34.18 60.86
2017-07-04 1,022.96 39.03 62.43
2017-04-04 1,007.47 43.18 62.29
2017-01-03 993.05 45.56 62.38
2016-09-27 960.53 43.58 60.26
2016-06-28 956.24 48.71 61.03
2016-03-29 937.93 47.35 61.41
2015-12-29 919.60 45.33 60.39
2015-09-29 900.41 42.67 59.98
2015-06-30 877.45 36.79 58.16
2015-03-31 864.82 32.35 57.35
2014-12-30 845.57 27.40 56.53
2014-09-30 831.42 19.65 58.21
2014-07-01 813.22 16.81 58.72
2014-04-01 792.32 17.41 58.77
2013-12-31 775.13 21.02 58.24
2013-10-01 760.16 27.51 58.17
2013-07-02 747.14 30.70 56.41
2013-04-02 729.35 31.07 55.20
2013-01-01 708.33 31.41 53.57
2012-10-02 695.29 34.29 51.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BJ's Restaurants has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BJ's Restaurants used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • BJ's Restaurants's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BJ's Restaurants's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BJ's Restaurants has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BJRI Health

 How is BJ's Restaurants's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BJ's Restaurants's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BJ's Restaurants's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BJ's Restaurants's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BJ's Restaurants's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BJ's Restaurants Company Filings, last reported 3 months ago.

NasdaqGS:BJRI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-02 329.27 102.00 25.67
2019-01-01 309.22 95.00 29.22
2018-10-02 312.27 95.00 25.63
2018-07-03 295.05 110.00 19.36
2018-04-03 268.79 158.50 28.71
2018-01-02 258.73 163.50 24.34
2017-10-03 245.18 194.00 28.69
2017-07-04 266.44 172.50 22.68
2017-04-04 256.79 182.70 23.56
2017-01-03 274.90 148.00 22.76
2016-09-27 308.55 109.30 25.95
2016-06-28 322.02 91.00 22.93
2016-03-29 305.62 95.50 26.95
2015-12-29 316.48 100.50 34.60
2015-09-29 333.62 67.50 26.57
2015-06-30 333.90 74.70 25.46
2015-03-31 359.22 38.60 25.96
2014-12-30 348.69 58.00 30.68
2014-09-30 364.11 32.00 24.40
2014-07-01 409.90 0.00 30.33
2014-04-01 410.00 0.00 44.12
2013-12-31 401.44 0.00 30.98
2013-10-01 397.10 0.00 30.45
2013-07-02 392.11 0.00 34.64
2013-04-02 381.59 0.00 40.45
2013-01-01 371.83 0.00 33.39
2012-10-02 362.27 0.00 38.55
  • BJ's Restaurants's level of debt (31%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 31% today).
  • Debt is well covered by operating cash flow (126.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess BJ's Restaurants's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BJ's Restaurants has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BJRI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from BJ's Restaurants dividends. Estimated to be 1.31% next year.
If you bought $2,000 of BJ's Restaurants shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BJ's Restaurants's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • BJ's Restaurants's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BJRI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BJRI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.62 1.00
2020-12-31 0.54 3.00
2019-12-31 0.49 3.00
NasdaqGS:BJRI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.480 1.098
2019-04-25 0.480 0.945
2019-02-26 0.480 1.028
2019-02-21 0.480 0.978
2018-11-05 0.480 0.884
2018-10-30 0.480 0.777
2018-08-06 0.440 0.641
2018-07-26 0.440 0.708
2018-04-26 0.440 0.764
2018-02-22 0.440 0.977
2017-11-06 0.440 1.216
2017-10-26 0.440 1.389

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, BJ's Restaurants has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BJ's Restaurants only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of BJ's Restaurants's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
X
Income/ dividend checks
We assess BJ's Restaurants's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BJ's Restaurants afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BJ's Restaurants has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BJRI Management

 What is the CEO of BJ's Restaurants's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Trojan
COMPENSATION $3,654,536
AGE 59
TENURE AS CEO 6.4 years
CEO Bio

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 Chief Executive Officer at Guitar Center Holdings, Inc. since November 2010. He served as the Chief Executive Officer at Guitar Center, Inc. from November 2010 to October 2012. He served as Vice President and Assistant Secretary at Guitar Center Holdings, Inc. He served as the President and Chief Operating Officer of Guitar Center, Inc. since 2007 and Chief Executive Officer since August 24, 2010. He served as Chief Executive Officer and President of HOB Entertainment Inc. (alternate name, House of Blues Entertainment, Inc.) from 1996 to 2006. He was responsible for the overall vision and operation of HOB Entertainment, Inc. and its divisions, which include House of Blues Music/Restaurant Venues that successfully blend live music with food, retail and art into an exciting, interactive entertainment adventure. He joined HOB Entertainment in August 1996. He began his career in 1981 as a Management Consultant of Andersen Consulting. In 1990, he became a key member of PepsiCo Inc.'s planning and development team before assuming the position of President and Chief Executive Officer of 77-unit California Pizza Kitchen chain in 1994. He served various positions within Pepsico from 1990 to 1996. Prior to that, he served as a Consultant at Bain & Company, the Wharton Small Business Development Center and Arthur Andersen & Co. He has been a Director of BJ's Restaurants, Inc. since December 3, 2012. He served as a Director of Guitar Center Holdings, Inc. He served as an Independent Director of Oakley Inc. from June 6, 2005 to November 2007. He served as a Director of Domino's Pizza, Inc. since March 01, 2010 until November 8, 2017. He served as a Director of Guitar Center, Inc. Mr. Trojan earned his MBA degree from the Wharton School at the University of Pennsylvania in 1986 and holds a Bachelor of Science Degree from the University of Virginia's McIntire School of Commerce.

CEO Compensation
  • Greg's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Greg's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the BJ's Restaurants management team in years:

6.4
Average Tenure
54
Average Age
  • The average tenure for the BJ's Restaurants management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Trojan

TITLE
CEO & Director
COMPENSATION
$4M
AGE
59
TENURE
6.4 yrs

Greg Levin

TITLE
President
COMPENSATION
$1M
AGE
51
TENURE
1.5 yrs

Lon Ledwith

TITLE
Executive Vice President of Operations
COMPENSATION
$767K
AGE
61
TENURE
4.3 yrs

Kevin Mayer

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$860K
AGE
49
TENURE
5 yrs

Gregory Lynds

TITLE
Executive VP & Chief Development Officer
COMPENSATION
$875K
AGE
58
TENURE
16 yrs

Brian Krakower

TITLE
Senior VP & Chief Information Officer
COMPENSATION
$544K
AGE
48
TENURE
6.4 yrs

Kendra Miller

TITLE
Executive VP
COMPENSATION
$598K
AGE
44
TENURE
8.3 yrs

Alex Puchner

TITLE
Senior Vice President of Brewing Operations
COMPENSATION
$143K
AGE
57
TENURE
23.5 yrs

Chris Pinsak

TITLE
Senior Vice President of Operations
AGE
54
TENURE
8.5 yrs

Scott Rodriguez

TITLE
Senior Vice President of Culinary
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the BJ's Restaurants board of directors in years:

8.9
Average Tenure
60
Average Age
  • The tenure for the BJ's Restaurants board of directors is about average.
Board of Directors

Jerry Deitchle

TITLE
Chairman
COMPENSATION
$198K
AGE
67
TENURE
11.1 yrs

Greg Trojan

TITLE
CEO & Director
COMPENSATION
$4M
AGE
59
TENURE
6.6 yrs

Larry Bouts

TITLE
Independent Director
COMPENSATION
$180K
AGE
70
TENURE
15.3 yrs

Pete Bassi

TITLE
Lead Independent Director
COMPENSATION
$207K
AGE
70
TENURE
11.1 yrs

Lea Anne Ottinger

TITLE
Independent Director
COMPENSATION
$172K
AGE
60
TENURE
8.9 yrs

Jim Dal Pozzo

TITLE
Director
COMPENSATION
$160K
AGE
60
TENURE
18.5 yrs

Patrick Walsh

TITLE
Independent Director
COMPENSATION
$177K
AGE
43
TENURE
5.1 yrs

Noah Elbogen

TITLE
Independent Director
COMPENSATION
$173K
AGE
36
TENURE
5.1 yrs

Janet Sherlock

TITLE
Independent Director
AGE
53
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Sep 18 Sell Noah Elbogen Individual 06. Sep 18 06. Sep 18 -888 $76.05 $-67,532
04. Sep 18 Sell Gregory Levin Individual 04. Sep 18 04. Sep 18 -4,367 $75.02 $-327,612
04. Sep 18 Sell Gerald Deitchle Individual 30. Aug 18 31. Aug 18 -28,149 $74.59 $-2,090,486
04. Sep 18 Sell Gregory Trojan Individual 04. Sep 18 04. Sep 18 -20,587 $75.79 $-1,557,949
04. Sep 18 Sell Lea Anne Ottinger Individual 31. Aug 18 31. Aug 18 -1,500 $74.50 $-111,750
04. Sep 18 Sell Larry Bouts Individual 31. Aug 18 31. Aug 18 -20,000 $74.69 $-1,493,800
29. Aug 18 Sell Larry Bouts Individual 27. Aug 18 27. Aug 18 -25,000 $71.90 $-1,797,500
28. Aug 18 Sell Patrick Walsh Individual 24. Aug 18 24. Aug 18 -7,000 $74.45 $-521,150
27. Aug 18 Sell Gerald Deitchle Individual 23. Aug 18 23. Aug 18 -8,000 $71.20 $-569,600
22. Aug 18 Sell Lea Anne Ottinger Individual 20. Aug 18 20. Aug 18 -3,394 $67.00 $-227,398
20. Aug 18 Sell PW Partners Capital Management LLC Company 20. Aug 18 20. Aug 18 -3,000 $67.00 $-201,000
20. Aug 18 Sell Noah Elbogen Individual 17. Aug 18 17. Aug 18 -10,000 $65.75 $-656,250
20. Aug 18 Sell Patrick Walsh Individual 20. Aug 18 20. Aug 18 -1,200 $67.00 $-80,400
13. Aug 18 Sell PW Partners Capital Management LLC Company 13. Aug 18 13. Aug 18 -12,000 $63.33 $-759,960
10. Aug 18 Sell Gerald Deitchle Individual 09. Aug 18 09. Aug 18 -1,283 $64.56 $-82,830
07. Aug 18 Sell Kevin Mayer Individual 07. Aug 18 07. Aug 18 -925 $62.85 $-58,136
X
Management checks
We assess BJ's Restaurants's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BJ's Restaurants has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BJRI News

Simply Wall St News

Did Changing Sentiment Drive BJ's Restaurants's (NASDAQ:BJRI) Share Price Down By 34%?

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … We'd be remiss not to mention the difference between BJ's Restaurants's total shareholder return (TSR) and its share price return. … Dividends have been really beneficial for BJ's Restaurants shareholders, and that cash payout explains why its total shareholder loss of 33%, over the last year, isn't as bad as the share price return.

Simply Wall St -

Is BJ's Restaurants (NASDAQ:BJRI) Using Too Much Debt?

NasdaqGS:BJRI Historical Debt, July 10th 2019 How Healthy Is BJ's Restaurants's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching BJ's Restaurants's balance sheet over time. … Over the most recent three years, BJ's Restaurants recorded free cash flow worth 72% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

How Should Investors Feel About BJ's Restaurants, Inc.'s (NASDAQ:BJRI) CEO Pay?

See our latest analysis for BJ's Restaurants How Does Greg Trojan's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Greg Trojan receives more in total compensation than the median of a group of companies in the same market, and of similar size to BJ's Restaurants, Inc.. … We compared the total CEO remuneration paid by BJ's Restaurants, Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is BJ's Restaurants, Inc. (NASDAQ:BJRI) An Attractive Dividend Stock?

(NASDAQ:BJRI) a good dividend stock? … With only a two-year payment history, and a 1.1% yield, investors probably think BJ's Restaurants is not much of a dividend stock. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. It's good to see BJ's Restaurants has been growing its earnings per share at 26% a year over the past 5 years. The company is only paying out a fraction of its earnings as dividends, and in the past been able to use the retained earnings to grow its profits rapidly - an ideal combination. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Why Dividend Hunters Love BJ's Restaurants, Inc. (NASDAQ:BJRI)

Dividend paying stocks like BJ's Restaurants, Inc. … This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. … Conclusion To summarise, shareholders should always check that BJ's Restaurants's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Is Now An Opportune Moment To Examine BJ's Restaurants, Inc. (NASDAQ:BJRI)?

This means that the opportunity to buy BJ's Restaurants at a good price has disappeared! … In addition to this, it seems like BJ's Restaurants’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Does BJ's Restaurants, Inc. (NASDAQ:BJRI) Create Value For Shareholders?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is There More To BJ's Restaurants, Inc. (NASDAQ:BJRI) Than Its 11% Returns On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Did BJ's Restaurants, Inc. (NASDAQ:BJRI) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in BJ's Restaurants, Inc. … BJ's Restaurants Insider Transactions Over The Last Year. … BJ's Restaurants insiders didn't buy any shares over the last year

Simply Wall St -

Why BJ's Restaurants, Inc.’s (NASDAQ:BJRI) Cash Is A Factor You Need To Consider

I’ve analysed below, the health and outlook of BJ's Restaurants’s cash flow, which will help you understand the stock from a cash standpoint. … Is BJ's Restaurants generating enough cash. … BJ's Restaurants’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

BJRI Company Info

Description

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 July 2, 2019, the company owned and operated 205 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington. BJ's Restaurants, Inc. was founded in 1978 and is based in Huntington Beach, California.

Details
Name: BJ's Restaurants, Inc.
BJRI
Exchange: NasdaqGS
Founded: 1978
$833,516,086
20,734,231
Website: http://www.bjsrestaurants.com
Address: BJ's Restaurants, Inc.
7755 Center Avenue,
Suite 300,
Huntington Beach,
California, 92647,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BJRI Common Stock Nasdaq Global Select US USD 09. Oct 1996
DB ZCG Common Stock Deutsche Boerse AG DE EUR 09. Oct 1996
Number of employees
Current staff
Staff numbers
22,215
BJ's Restaurants employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:22
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/22
Last earnings filing: 2019/05/07
Last earnings reported: 2019/04/02
Last annual earnings reported: 2019/01/01


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.