BJ's Restaurants, Inc.

NasdaqGS:BJRI Stock Report

Market Cap: US$869.3m

BJ's Restaurants Valuation

Is BJRI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BJRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BJRI ($41.13) is trading above our estimate of fair value ($32.13)

Significantly Below Fair Value: BJRI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BJRI?

Key metric: As BJRI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BJRI. This is calculated by dividing BJRI's market cap by their current earnings.
What is BJRI's PE Ratio?
PE Ratio28.1x
EarningsUS$30.90m
Market CapUS$869.27m

Price to Earnings Ratio vs Peers

How does BJRI's PE Ratio compare to its peers?

The above table shows the PE ratio for BJRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.2x
CBRL Cracker Barrel Old Country Store
34.9x24.18%US$589.7m
PZZA Papa John's International
34.5x36.62%US$1.3b
FWRG First Watch Restaurant Group
194x40.99%US$963.7m
BLMN Bloomin' Brands
17.6x51.63%US$557.3m
BJRI BJ's Restaurants
28.1x19.14%US$869.3m

Price-To-Earnings vs Peers: BJRI is good value based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (70.2x).

Price to Earnings Ratio vs Industry

How does BJRI's PE Ratio compare vs other companies in the US Hospitality Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BYD Boyd Gaming
3.6x-63.07%US$6.67b
MHGU Meritage Hospitality Group
2.6xn/aUS$14.70m
DHCC Diamondhead Casino
0.5xn/aUS$217.79k
No more companies available in this PE range
BJRI 28.1xIndustry Avg. 21.9xNo. of Companies13PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BJRI is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the US Hospitality industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is BJRI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BJRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: BJRI is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BJRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$41.13
US$38.88
-5.48%
16.74%US$50.00US$30.00n/a8
Dec ’26US$37.22
US$38.88
+4.45%
16.74%US$50.00US$30.00n/a8
Nov ’26US$33.96
US$38.14
+12.32%
17.41%US$50.00US$30.00n/a7
Oct ’26US$30.57
US$41.17
+34.66%
13.11%US$50.00US$33.00n/a6
Sep ’26US$33.56
US$42.33
+26.14%
9.71%US$50.00US$37.00n/a6
Aug ’26US$34.17
US$42.00
+22.91%
10.54%US$50.00US$37.00n/a5
Jul ’26US$45.85
US$39.80
-13.20%
14.42%US$50.00US$33.00n/a5
Jun ’26US$44.61
US$39.80
-10.78%
14.42%US$50.00US$33.00n/a5
May ’26US$33.49
US$39.83
+18.94%
14.74%US$50.00US$31.00n/a6
Apr ’26US$35.73
US$42.57
+19.15%
12.16%US$50.00US$36.00n/a7
Mar ’26US$38.13
US$42.57
+11.65%
12.16%US$50.00US$36.00n/a7
Feb ’26US$36.19
US$38.71
+6.98%
12.48%US$45.00US$32.00n/a7
Jan ’26US$35.14
US$38.88
+10.64%
12.76%US$45.00US$32.00n/a8
Dec ’25US$38.44
US$38.88
+1.13%
12.76%US$45.00US$32.00US$37.228
Nov ’25US$33.99
US$39.13
+15.11%
12.81%US$45.00US$32.00US$33.968
Oct ’25US$32.95
US$39.75
+20.64%
12.31%US$47.00US$32.00US$30.578
Sep ’25US$30.63
US$39.75
+29.77%
12.31%US$47.00US$32.00US$33.568
Aug ’25US$30.79
US$39.75
+29.12%
12.31%US$47.00US$32.00US$34.178
Jul ’25US$35.47
US$39.56
+11.52%
11.56%US$45.00US$31.00US$45.859
Jun ’25US$35.04
US$39.56
+12.89%
11.56%US$45.00US$31.00US$44.619
May ’25US$32.09
US$36.89
+14.95%
15.67%US$42.00US$24.00US$33.499
Apr ’25US$36.26
US$36.89
+1.73%
15.67%US$42.00US$24.00US$35.739
Mar ’25US$35.48
US$36.89
+3.97%
15.67%US$42.00US$24.00US$38.139
Feb ’25US$36.07
US$35.30
-2.13%
17.33%US$42.00US$24.00US$36.1910
Jan ’25US$36.01
US$34.00
-5.58%
17.84%US$41.00US$24.00US$35.1410
Dec ’24US$30.86
US$32.80
+6.29%
16.24%US$41.00US$24.00US$38.4410
US$38.88
Fair Value
5.8% overvalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/24 11:24
End of Day Share Price 2025/12/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BJ's Restaurants, Inc. is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey BernsteinBarclays
Jeffrey BernsteinBarclays
Todd BrooksBenchmark Company