BJ's Restaurants
A national casual dining chain built around proprietary craft beer and a varied, pizza-rooted menu.
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Profile
Operates a national network of casual dining restaurants anchored on proprietary craft beer and a varied menu including deep-dish pizza; the single-brand, US-only chain traces its brewing identity to a 1996 format launch and currently runs 219 locations under a CEO installed in June 2025.
Founded in 1978 as a Santa Ana deep-dish pizzeria, the chain pivoted in 1996 to a full-service casual dining format anchored on in-house craft brewing — trade publications cite it as the most decorated restaurant-brewer in the country across hundreds of beer competitions.
Four formats — BJ's Restaurant & Brewery, BJ's Restaurant & Brewhouse, BJ's Pizza & Grill, and BJ's Grill — share a unified varied menu of deep-dish pizza, pastas, entrées, and proprietary craft beer. Locations spread across dozens of states nationwide, with California holding the largest concentration.
The business runs as a single US-only casual dining segment. Three activist cooperation agreements active since 2024 have reshaped board composition and strategic priorities. CEO Lyle D. Tick, appointed June 2025, is realigning the chain around its brewhouse identity and simpler operations.
Company facts
Categories
Key statistics
Year to date +58.4% · Average volume (30d) 501.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Mizuho Securities | Target | $60 | $74 | ||
| Jul 31, 2026 | D.A. Davidson | Target | $65 | |||
| Jul 24, 2026 | Mizuho Securities | Target | $42 | $60 | ||
| Jul 17, 2026 | William Blair | Upgrade | Market Perform | Outperform | ||
| May 7, 2026 | Piper Sandler | Reiterate | Neutral | $43 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.90 | $0.94 | +4.9% | $377.1M | $388.9M | +3.1% | −8.96% |
| May 5, 2026Q1 FY26 | $0.61 | $0.57 | −6.6% | $357.0M | $358.1M | +0.3% | +4.62% |
| Feb 25, 2026Q4 FY25 | $0.60 | $0.66 | +10.0% | $354.4M | $355.4M | +0.3% | −2.08% |
| Oct 30, 2025Q3 FY25 | −$0.01 | $0.04 | +500.0% | $353.8M | $330.2M | −6.7% | +18.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $348.0M | $365.6M | $330.2M | $355.4M | $358.1M | $388.9M | |
| Gross profit | $55.6M | $62.1M | $41.3M | $57.2M | $57.2M | $66.8M | |
| Operating income | $15.1M | $21.4M | −$422.0K | $11.9M | $12.4M | $19.5M | |
| Net income | $13.5M | $22.2M | $465.0K | $12.6M | $9.0M | $18.8M | |
| Diluted EPS | $0.58 | $0.96 | $0.02 | $0.60 | $0.41 | $0.86 | |
| Gross margin | 16.0% | 17.0% | 12.5% | 16.1% | 16.0% | 17.2% | |
| Operating margin | 4.3% | 5.9% | -0.1% | 3.3% | 3.5% | 5.0% |
Fiscal years (4-quarter sums)FY21 $1.09B · FY22 $1.28B · FY23 $1.33B · FY24 $1.36B · FY25 $1.40B
Balance sheet, Jun 30, 2026Cash & short-term investments $14.4M · Total debt $434.7M · Total assets $991.8M · Shareholders' equity $397.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 21.02M · Float 19.06M · 90.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.29M | 15.67% | 13F | Aug 7, 2026 |
| Fund 1 Investments, LLC · 10 percent owner | 2.23M | 10.62% | Form 4 | Apr 28, 2025 |
| Vanguard Portfolio Management LLC | 1.83M | 8.70% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.10M | 5.25% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 1.03M | 4.91% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Noah A. Elbogen | director | −7,535 | $70.14 |
| Aug 6, 2026 | Gregory S. Lynds | officer: EVP & Chief Dev. Officer | −21,704 | $68.81 |
| Aug 7, 2026 | Kendra D. Miller | officer: EVP & General Counsel | −2,978 | $69.80 |
| Aug 6, 2026 | Kendra D. Miller | officer: EVP & General Counsel | −10,217 | $69.31 |
| Aug 3, 2026 | Gregory S. Lynds | officer: EVP & Chief Dev. Officer | −25,350 | $67.47 |
Peers
- Darden Restaurants
Multi-brand casual dining portfolio with Yard House as the direct brewpub peer.
- Brinker International
Chili's is the prototypical varied-menu casual dining rival.
- The Cheesecake Factory
Closest single-brand match for varied-menu upscale-casual positioning.
- Bloomin' Brands
Outback and Carrabba's contest the casual evening dinner occasion.
- Texas Roadhouse
Share-taking casual steakhouse pulling the same evening traffic.
- Dine Brands
Applebee's is a high-unit-count varied-menu casual dining rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BJ's Restaurants | $65.12 | +0.08% | $1.37B | 34.4 | 24.9 | 1.0 | +6.4% |
| Darden Restaurants | $215.68 | −0.03% | $24.70B | 20.8 | 19.1 | 1.9 | +13.7% |
| Brinker International | $230.19 | −0.04% | $9.87B | 21.2 | 17.3 | 1.7 | +5.1% |
| The Cheesecake Factory | $112.01 | −0.06% | $5.57B | 30.4 | 24.3 | 1.4 | +7.7% |
| Bloomin' Brands | $10.52 | −0.66% | $905.8M | 34.1 | 11.4 | 0.2 | +1.3% |
| Texas Roadhouse | $198.99 | +0.04% | $13.08B | 31.8 | 27.6 | 2.1 | +11.1% |
| Dine Brands | $33.60 | +0.24% | $426.2M | 68.6 | 7.7 | 0.5 | +4.4% |
| Median | 31.1 | 18.2 | 1.6 | +6.4% |