NasdaqGS:BJRI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.


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: BJRI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BJRI's weekly volatility has decreased from 16% to 7% over the past year.


Market Performance


7 Day Return

2.6%

BJRI

-3.8%

US Hospitality

-0.4%

US Market


1 Year Return

92.2%

BJRI

40.7%

US Hospitality

36.3%

US Market

Return vs Industry: BJRI exceeded the US Hospitality industry which returned 39.9% over the past year.

Return vs Market: BJRI exceeded the US Market which returned 31.2% over the past year.


Shareholder returns

BJRIIndustryMarket
7 Day2.6%-3.8%-0.4%
30 Day18.9%7.7%-1.3%
90 Day54.2%11.3%4.9%
1 Year92.2%92.2%41.9%40.7%39.2%36.3%
3 Year31.4%28.9%7.0%0.8%48.7%39.2%
5 Year29.3%26.4%63.6%47.6%117.0%92.8%

Long-Term 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

Valuation

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

3.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BJRI ($56.97) is trading below our estimate of fair value ($59.26)

Significantly Below Fair Value: BJRI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BJRI is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.

PE vs Market: BJRI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BJRI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BJRI is overvalued based on its PB Ratio (4.5x) compared to the US Hospitality industry average (3.7x).


Next Steps

Future Growth

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

62.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BJRI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BJRI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BJRI's is expected to become profitable in the next 3 years.

Revenue vs Market: BJRI's revenue (13.5% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: BJRI's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BJRI's Return on Equity is forecast to be low in 3 years time (16.9%).


Next Steps

Past Performance

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

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BJRI is currently unprofitable.

Growing Profit Margin: BJRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BJRI is unprofitable, and losses have increased over the past 5 years at a rate of 26.2% per year.

Accelerating Growth: Unable to compare BJRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BJRI is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-39.6%).


Return on Equity

High ROE: BJRI has a negative Return on Equity (-19.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is BJ's Restaurants's financial position?


Financial Position Analysis

Short Term Liabilities: BJRI's short term assets ($95.3M) do not cover its short term liabilities ($177.9M).

Long Term Liabilities: BJRI's short term assets ($95.3M) do not cover its long term liabilities ($587.7M).


Debt to Equity History and Analysis

Debt Level: BJRI's debt to equity ratio (39.8%) is considered satisfactory.

Reducing Debt: BJRI's debt to equity ratio has increased from 31.7% to 39.8% over the past 5 years.

Debt Coverage: BJRI's debt is well covered by operating cash flow (34.7%).

Interest Coverage: Insufficient data to determine if BJRI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.97%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BJRI'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 BJRI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: BJRI is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

8.1yrs

Average management tenure


CEO

Greg Trojan (60 yo)

8.08yrs

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 1, 2013 and has been its Director since December 3, 2012 and served as its President...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD2.40M) is below average for companies of similar size in the US market ($USD3.64M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Trojan
CEO & Director8.08yrsUS$2.40m0.29%
$ 3.8m
Gregory Levin
President3.17yrsUS$1.07m0.16%
$ 2.1m
Lon Ledwith
Executive Vice President of Operations5.92yrsUS$607.45k0.049%
$ 632.4k
Gregory Lynds
Executive VP & Chief Development Officer17.67yrsUS$654.25k0.11%
$ 1.5m
Kevin Mayer
Executive VP & Chief Marketing Officer6.67yrsUS$657.85k0.0091%
$ 118.4k
Jacob Guild
Senior VP & Chief Accounting Officer1.17yrsno data0.016%
$ 201.4k
Brian Krakower
Senior VP & Chief Information Officer8.08yrsUS$544.30k0.00094%
$ 12.2k
Kendra Miller
Executive VP10yrsUS$597.96k0.035%
$ 456.0k
Alexander Puchner
Senior Vice President of Brewing Operations25.17yrsUS$143.26k0.048%
$ 617.1k
Christopher Pinsak
Senior Vice President of Operations10.17yrsno datano data
Scott Rodriguez
Senior Vice President of Culinary3.17yrsno datano data
Robert Deliema
President of BJ's Restaurants Foundationno datano datano data

8.1yrs

Average Tenure

55yo

Average Age

Experienced Management: BJRI's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Trojan
CEO & Director8.08yrsUS$2.40m0.29%
$ 3.8m
Gerald Deitchle
Chairman12.75yrsUS$210.00k0.14%
$ 1.8m
Peter A. Bassi
Lead Independent Director12.75yrsUS$206.50k0.27%
$ 3.5m
James Dal Pozzo
Independent Director20.17yrsUS$160.00k0.071%
$ 918.4k
Larry Bouts
Independent Director16.92yrsUS$180.00k0.082%
$ 1.1m
Keith Pascal
Independent Director0.83yrno data0.018%
$ 235.6k
Lea Anne Ottinger
Independent Director10.58yrsUS$172.00k0.11%
$ 1.5m
Patrick Walsh
Independent Director6.75yrsUS$176.50k0.084%
$ 1.1m
Bina Chaurasia
Independent Director0.33yrno data0.0032%
$ 41.9k
Noah Elbogen
Independent Director6.75yrsUS$172.50k0.25%
$ 3.3m
Janet Sherlock
Independent Director2.17yrsUS$169.00k0.019%
$ 248.8k

8.3yrs

Average Tenure

60yo

Average Age

Experienced Board: BJRI's board of directors are considered experienced (8.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BJRI insiders have only sold shares 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 20.6%.


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: BJRI
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: US$1.297b
  • Shares outstanding: 23.19m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 23:02
End of Day Share Price2021/03/05 00:00
Earnings2020/12/29
Annual Earnings2020/12/29


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.