Recent News
April 23, 2026 — BJ’s Restaurant & Brewhouse introduced a Biscoff® Pizookie seasonal dessert. May 27, 2026 — the company announced management participation at investor conferences in June. June 15, 2026 — Monika Saxena named Brand President, effective June 3. June 24, 2026 — BJ’s unveiled an all-new lineup of crispy chicken sandwiches and marketed seasonal menu additions through June.
Technical Analysis
Directional strength: ADX at 48.52 signals a very strong directional trend; DI+ showing a dip-and-reversal and DI- decreasing both point to bullish directional pressure supporting a price bias higher versus the current valuation.
MACD: MACD at 3.62 sits above its signal (2.92) and the MACD trend is increasing, confirming bullish momentum that aligns with the immediate upside implied by the valuation and price-target mean.
Price vs moving averages: The close at $59.38 trades well above the 12-day EMA ($54.36), 26-day EMA ($50.47), 50-day average ($44.83) and 200-day average ($38.96), producing a bullish moving-average structure that supports near-term continuation toward the mean price target of $68.08.
Momentum/Regressive Oscillator: MRO at 42.06 with a dip-and-reversal indicates the price sits above target and carries potential for pullback pressure; that contrasts with momentum indicators and implies any continuation rally should be watched for mean reversion.
RSI and breadth cues: RSI at 68.39 and rising approaches overbought territory; combined with price near the upper Bollinger bands, upside momentum remains intact but faces compression risk if RSI crosses above 70.
Fundamental Analysis
Top line and margins: Total revenue stood at $358,118,000. YoY revenue change registered a decline of 27.49% while reported trailing revenue growth reads about 0.77%; operating margin runs at 3.45% and EBIT margin at 2.84%, with EBIT margin down 15.34% QoQ and down 33.58% YoY, which reduces near-term earnings leverage relative to the current valuation.
Earnings and per-share metrics: Reported EPS equaled $0.57 versus an estimate of $0.61, an EPS surprise of -6.56%. Trailing P/E sits at 66.46 with forward P/E near 57.85, and forward EPS of $0.65; those multiples reflect limited current earnings against market-priced expectations.
Cash flow and valuation signals: Free cash flow totaled $27,182,000, producing a free cash flow yield of 3.41%, above the industry peer mean of roughly 0.96%; WMDST values the stock as under-valued, with a mean analyst price target of $68.08 versus the close at $59.38.
Liquidity and leverage: Current ratio sits at 0.31, well below the industry peer mean (~0.97) and peer median, indicating constrained near-term liquidity. Total debt equals $462,652,000 and debt-to-EBITDA near 13.95x denotes elevated leverage; interest coverage about 9.35x provides cushion but leverage amplifies sensitivity to operating-margin moves.
Profitability & returns: Return on equity at 2.43% and return on assets at 0.90% remain modest; operating margin QoQ improved slightly (+3.26% QoQ) but operating margin YoY declined 19.28%, reflecting pressure on operating leverage despite menu and beverage initiatives.
Other operational metrics: Asset turnover about 0.36 and inventory turnover above 23x suggest efficient inventory management; net working capital negative at -$133,088,000 supports a low cash ratio (0.12) and tight short-term liquidity profile.
Valuation summary: WMDST values the stock as under-valued. The mixed fundamental picture—modest margins, constrained liquidity, and elevated leverage—contrasts with positive free cash flow yield and analyst price targets above the market price; valuation depends on margin recovery and leverage reduction to justify multiple expansion.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-05 |
| NEXT REPORT DATE: | 2026-08-04 |
| CASH FLOW | Begin Period Cash Flow | $ 23.8 M |
| Operating Cash Flow | $ 43.0 M | |
| Capital Expenditures | $ -15.80 M | |
| Change In Working Capital | $ -1.47 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -1.11 M | |
| End Period Cash Flow | $ 22.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 358.1 M | |
| Forward Revenue | $ 136.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 301.0 M | |
| Depreciation | $ 23.0 M | |
| Depreciation and Amortization | $ 23.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 345.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 57.2 M | |
| EBITDA | $ 33.2 M | |
| EBIT | $ 10.2 M | |
| Operating Income | $ 12.4 M | |
| Interest Income | — | |
| Interest Expense | $ 1.1 M | |
| Net Interest Income | $ -1.09 M | |
| Income Before Tax | $ 9.1 M | |
| Tax Provision | $ 55.0 K | |
| Tax Rate | 0.6 % | |
| Net Income | $ 9.0 M | |
| Net Income From Continuing Operations | $ 9.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.61 | |
| EPS Actual | $ 0.57 | |
| EPS Difference | $ -0.04 | |
| EPS Surprise | -6.557 % | |
| Forward EPS | $ 0.65 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 999.1 M | |
| Intangible Assets | $ 4.7 M | |
| Net Tangible Assets | $ 367.9 M | |
| Total Current Assets | $ 60.4 M | |
| Cash and Short-Term Investments | $ 22.7 M | |
| Cash | $ 22.7 M | |
| Net Receivables | $ 14.6 M | |
| Inventory | $ 12.8 M | |
| Long-Term Investments | $ 44.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 44.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 193.5 M | |
| Net Debt | $ 39.3 M | |
| Total Debt | $ 462.7 M | |
| Total Liabilities | $ 626.5 M | |
| EQUITY | ||
| Total Equity | $ 372.5 M | |
| Retained Earnings | $ 299.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.70 | |
| Shares Outstanding | 21.050 M | |
| Revenue Per-Share | $ 17.01 | |
| VALUATION | Market Capitalization | $ 797.4 M |
| Enterprise Value | $ 1.2 B | |
| Enterprise Multiple | 37.302 | |
| Enterprise Multiple QoQ | -7.823 % | |
| Enterprise Multiple YoY | -1.089 % | |
| Enterprise Multiple IPRWA | high: 205.993 mean: 83.649 median: 78.132 BJRI: 37.302 low: -109.403 |
|
| EV/R | 3.455 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.682 | |
| Asset To Liability | 1.595 | |
| Debt To Capital | 0.554 | |
| Debt To Assets | 0.463 | |
| Debt To Assets QoQ | -4.182 % | |
| Debt To Assets YoY | -6.772 % | |
| Debt To Assets IPRWA | high: 1.622 mean: 0.665 median: 0.625 BJRI: 0.463 low: 0.003 |
|
| Debt To Equity | 1.242 | |
| Debt To Equity QoQ | -7.33 % | |
| Debt To Equity YoY | -8.929 % | |
| Debt To Equity IPRWA | high: 12.878 BJRI: 1.242 mean: 0.379 median: 0.371 low: -7.932 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.14 | |
| Price To Book QoQ | -9.105 % | |
| Price To Book YoY | 4.187 % | |
| Price To Book IPRWA | high: 18.76 median: 7.253 mean: 2.225 BJRI: 2.14 low: -22.122 |
|
| Price To Earnings (P/E) | 66.458 | |
| Price To Earnings QoQ | 7.394 % | |
| Price To Earnings YoY | 15.268 % | |
| Price To Earnings IPRWA | high: 285.278 median: 108.358 mean: 94.493 BJRI: 66.458 low: -170.635 |
|
| PE/G Ratio | -4.874 | |
| Price To Sales (P/S) | 2.227 | |
| Price To Sales QoQ | -8.234 % | |
| Price To Sales YoY | 1.521 % | |
| Price To Sales IPRWA | high: 33.432 median: 25.858 mean: 22.389 BJRI: 2.227 low: 0.178 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 57.846 | |
| Forward PE/G | -4.242 | |
| Forward P/S | 5.86 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -19.207 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.356 | |
| Asset Turnover Ratio QoQ | 1.915 % | |
| Asset Turnover Ratio YoY | 5.286 % | |
| Asset Turnover Ratio IPRWA | high: 0.683 BJRI: 0.356 mean: 0.178 median: 0.109 low: 0.078 |
|
| Receivables Turnover | 26.583 | |
| Receivables Turnover Ratio QoQ | 6.173 % | |
| Receivables Turnover Ratio YoY | 10.123 % | |
| Receivables Turnover Ratio IPRWA | high: 41.741 BJRI: 26.583 mean: 7.483 median: 2.661 low: 1.107 |
|
| Inventory Turnover | 23.213 | |
| Inventory Turnover Ratio QoQ | -0.311 % | |
| Inventory Turnover Ratio YoY | -0.263 % | |
| Inventory Turnover Ratio IPRWA | high: 72.564 median: 47.115 mean: 44.933 BJRI: 23.213 low: 0.784 |
|
| Days Sales Outstanding (DSO) | 3.433 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -5.343 | |
| Cash Conversion Cycle Days QoQ | -2.501 % | |
| Cash Conversion Cycle Days YoY | 54.396 % | |
| Cash Conversion Cycle Days IPRWA | high: 38.929 median: -2.211 BJRI: -5.343 mean: -5.623 low: -124.383 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -2.691 | |
| CapEx To Revenue | -0.044 | |
| CapEx To Depreciation | -0.687 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 434.5 M | |
| Net Invested Capital | $ 434.5 M | |
| Invested Capital | $ 434.5 M | |
| Net Tangible Assets | $ 367.9 M | |
| Net Working Capital | $ -133.09 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.117 | |
| Current Ratio | 0.312 | |
| Current Ratio QoQ | -21.776 % | |
| Current Ratio YoY | -19.895 % | |
| Current Ratio IPRWA | high: 2.493 mean: 0.966 median: 0.933 BJRI: 0.312 low: 0.26 |
|
| Quick Ratio | 0.246 | |
| Quick Ratio QoQ | -25.327 % | |
| Quick Ratio YoY | -21.831 % | |
| Quick Ratio IPRWA | high: 2.446 median: 1.066 mean: 1.023 BJRI: 0.246 low: 0.178 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 13.947 | |
| Cost Of Debt | 0.169 % | |
| Interest Coverage Ratio | 9.354 | |
| Interest Coverage Ratio QoQ | -16.889 % | |
| Interest Coverage Ratio YoY | -22.727 % | |
| Interest Coverage Ratio IPRWA | high: 21.267 BJRI: 9.354 mean: 8.783 median: 7.355 low: -13.758 |
|
| Operating Cash Flow Ratio | 0.189 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.743 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.614 % | |
| Revenue Growth | 0.765 % | |
| Revenue Growth QoQ | -89.993 % | |
| Revenue Growth YoY | -27.488 % | |
| Revenue Growth IPRWA | high: 40.595 % BJRI: 0.765 % mean: -4.668 % median: -7.006 % low: -26.819 % |
|
| Earnings Growth | -13.636 % | |
| Earnings Growth QoQ | -100.88 % | |
| Earnings Growth YoY | -153.407 % | |
| Earnings Growth IPRWA | high: 233.333 % median: -9.295 % mean: -10.034 % BJRI: -13.636 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 15.962 % | |
| Gross Margin QoQ | -0.833 % | |
| Gross Margin YoY | -0.081 % | |
| Gross Margin IPRWA | high: 78.305 % mean: 41.849 % median: 39.043 % BJRI: 15.962 % low: -0.222 % |
|
| EBIT Margin | 2.842 % | |
| EBIT Margin QoQ | -15.341 % | |
| EBIT Margin YoY | -33.583 % | |
| EBIT Margin IPRWA | high: 45.143 % mean: 24.126 % median: 22.748 % BJRI: 2.842 % low: -24.703 % |
|
| Return On Sales (ROS) | 3.454 % | |
| Return On Sales QoQ | 3.259 % | |
| Return On Sales YoY | -19.28 % | |
| Return On Sales IPRWA | high: 44.253 % mean: 24.13 % median: 23.583 % BJRI: 3.454 % low: -45.058 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 27.2 M | |
| Free Cash Flow Yield | 3.409 % | |
| Free Cash Flow Yield QoQ | 294.56 % | |
| Free Cash Flow Yield YoY | -315.759 % | |
| Free Cash Flow Yield IPRWA | high: 5.154 % BJRI: 3.409 % mean: 0.958 % median: 0.794 % low: -7.886 % |
|
| Free Cash Growth | 264.614 % | |
| Free Cash Growth QoQ | 147.509 % | |
| Free Cash Growth YoY | -249.885 % | |
| Free Cash Growth IPRWA | high: 371.18 % BJRI: 264.614 % mean: 28.916 % median: 5.617 % low: -450.0 % |
|
| Free Cash To Net Income | 3.009 | |
| Cash Flow Margin | 10.216 % | |
| Cash Flow To Earnings | 4.05 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.897 % | |
| Return On Assets QoQ | -27.72 % | |
| Return On Assets YoY | -31.474 % | |
| Return On Assets IPRWA | high: 7.852 % mean: 2.47 % median: 2.339 % BJRI: 0.897 % low: -1.371 % |
|
| Return On Capital Employed (ROCE) | 1.263 % | |
| Return On Equity (ROE) | 0.024 | |
| Return On Equity QoQ | -29.771 % | |
| Return On Equity YoY | -33.232 % | |
| Return On Equity IPRWA | high: 0.315 BJRI: 0.024 median: 0.021 mean: 0.012 low: -0.198 |
|
| DuPont ROE | 2.446 % | |
| Return On Invested Capital (ROIC) | 2.328 % | |
| Return On Invested Capital QoQ | 11.441 % | |
| Return On Invested Capital YoY | -27.657 % | |
| Return On Invested Capital IPRWA | high: 18.09 % mean: 6.276 % median: 5.912 % BJRI: 2.328 % low: -2.438 % |
|