BJ's Restaurants, Inc. (BJRI) 10-Year Financial Performance & Capital Metrics

BJRI • • Industrial / General

Consumer CyclicalRestaurantsCasual DiningFamily & Diner Casual

AboutBJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.Show more

Revenue $1.36B +1.8%
EBITDA $87M +2.4%
Net Income $17M -15.1%
EPS (Diluted) 0.70 -14.6%
Gross Margin 74.17% +456.2%
EBITDA Margin 6.4% +0.6%
Operating Margin 1.04% +0.5%
Net Margin 1.23% -16.6%
ROE 4.54% -17.9%
ROIC 1.24% +2.9%
Debt/Equity 1.35 -4.7%
Interest Coverage 2.57 -8.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Weak 3Y average ROE of 3.8%
✗Profits declining 18.1% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.85%

5Y3.17%

3Y7.68%

TTM4.07%

Profit (Net Income) CAGR

10Y-4.84%

5Y-18.08%

3Y-

TTM-5.56%

EPS CAGR

10Y-3.21%

5Y-20.47%

3Y-

TTM-3.28%

ROCE

10Y Avg3.67%

5Y Avg-1.7%

3Y Avg0.75%

Latest1.51%

Peer Comparison

Family & Diner Casual

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BJRIBJ's Restaurants, Inc.	961.63M	45.50	65	1.81%	1.99%	7.12%	2.56%	1.35
FWRGFirst Watch Restaurant Group, Inc.	1.02B	16.72	55.73	13.95%	0.24%	0.44%		1.36
DRIDarden Restaurants, Inc.	24.68B	214.33	24.19	6.03%	8.9%	49.43%	4.19%	2.70
EATBrinker International, Inc.	7.41B	166.71	20.04	21.95%	7.94%	129.14%	5.59%	4.57
CAKEThe Cheesecake Factory Incorporated	3.03B	60.75	18.98	4.13%	4.33%	39.63%	3.57%	4.30
CBRLCracker Barrel Old Country Store, Inc.	819.44M	36.70	17.82	0.37%	1.33%	10.05%	7.35%	2.44
DENNDenny's Corporation	322.38M	6.26	15.27	-2.5%	3.53%		0.28%
BDLFlanigan's Enterprises, Inc.	59.59M	32.06	11.83	8.99%	2.45%	6.36%	7.85%	0.60

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	919.6M	993.05M	1.03B	1.12B	1.16B	778.51M	1.09B	1.28B	1.33B	1.36B
Revenue Growth %	0.09%	0.08%	0.04%	0.08%	0.04%	-0.33%	0.4%	0.18%	0.04%	0.02%
Cost of Goods Sold+	736.73M	801.41M	859.79M	922.14M	975.76M	722.09M	957.41M	1.14B	1.16B	350.56M
COGS % of Revenue	0.8%	0.81%	0.83%	0.83%	0.84%	0.93%	0.88%	0.89%	0.87%	0.26%
Gross Profit+	182.87M	191.64M	171.99M	194.8M	185.69M	56.42M	129.63M	144.76M	177.79M	1.01B
Gross Margin %	0.2%	0.19%	0.17%	0.17%	0.16%	0.07%	0.12%	0.11%	0.13%	0.74%
Gross Profit Growth %	0.21%	0.05%	-0.1%	0.13%	-0.05%	-0.7%	1.3%	0.12%	0.23%	4.66%
Operating Expenses+	119.81M	126.63M	127.98M	133.19M	136.57M	142.85M	146.14M	150.24M	164.03M	992.66M
OpEx % of Revenue	0.13%	0.13%	0.12%	0.12%	0.12%	0.18%	0.13%	0.12%	0.12%	0.73%
Selling, General & Admin	53.83M	55.37M	55.45M	60.45M	62.54M	54.66M	67.96M	73.33M	82.1M	88.27M
SG&A % of Revenue	0.06%	0.06%	0.05%	0.05%	0.05%	0.07%	0.06%	0.06%	0.06%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	60K	1.18M	1.99M	-735K	74.03M	88.19M	78.18M	76.91M	81.92M	904.39M
Operating Income+	63.06M	61.64M	37.9M	57.57M	49.12M	-86.43M	-16.51M	-5.48M	13.76M	14.08M
Operating Margin %	0.07%	0.06%	0.04%	0.05%	0.04%	-0.11%	-0.02%	-0%	0.01%	0.01%
Operating Income Growth %	0.78%	-0.02%	-0.39%	0.52%	-0.15%	-2.76%	0.81%	0.67%	3.51%	0.02%
EBITDA+	122.48M	125.92M	106.57M	128.01M	121.13M	-13.31M	56.25M	64.91M	84.75M	86.83M
EBITDA Margin %	0.13%	0.13%	0.1%	0.11%	0.1%	-0.02%	0.05%	0.05%	0.06%	0.06%
EBITDA Growth %	0.35%	0.03%	-0.15%	0.2%	-0.05%	-1.11%	5.23%	0.15%	0.31%	0.02%
D&A (Non-Cash Add-back)	59.42M	64.28M	68.67M	70.44M	72.01M	73.12M	72.75M	70.39M	70.99M	72.75M
EBIT	63.06M	64.98M	44.01M	61.62M	50.91M	-82.87M	-14.18M	-5.42M	15.02M	13.75M
Net Interest Income+	-1.01M	-1.73M	-4.5M	-4.84M	-4.61M	-7.08M	-5M	-2.89M	-4.92M	-5.48M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.01M	1.73M	4.5M	4.84M	4.61M	7.08M	5M	2.89M	4.92M	5.48M
Other Income/Expense	-955K	-550K	-2.51M	-5.57M	-2.83M	-3.52M	-2.67M	-2.83M	-3.66M	-5.82M
Pretax Income+	62.11M	61.09M	35.39M	52M	46.29M	-89.95M	-19.18M	-8.31M	10.1M	8.27M
Pretax Margin %	0.07%	0.06%	0.03%	0.05%	0.04%	-0.12%	-0.02%	-0.01%	0.01%	0.01%
Income Tax+	16.78M	15.53M	-9.39M	1.19M	1.06M	-32.06M	-15.58M	-12.38M	-9.56M	-8.42M
Effective Tax Rate %	0.73%	0.75%	1.27%	0.98%	0.98%	0.64%	0.19%	-0.49%	1.95%	2.02%
Net Income+	45.33M	45.56M	44.78M	50.81M	45.24M	-57.88M	-3.61M	4.08M	19.66M	16.69M
Net Margin %	0.05%	0.05%	0.04%	0.05%	0.04%	-0.07%	-0%	0%	0.01%	0.01%
Net Income Growth %	0.65%	0.01%	-0.02%	0.13%	-0.11%	-2.28%	0.94%	2.13%	3.82%	-0.15%
Net Income (Continuing)	45.33M	45.56M	44.78M	50.81M	45.24M	-57.88M	-3.61M	4.08M	19.66M	16.69M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.73	1.88	2.06	2.35	2.20	-2.74	-0.16	0.17	0.82	0.70
EPS Growth %	0.78%	0.09%	0.1%	0.14%	-0.06%	-2.25%	0.94%	2.06%	3.82%	-0.15%
EPS (Basic)	1.76	1.91	2.10	2.42	2.23	-2.74	-0.16	0.17	0.84	0.72
Diluted Shares Outstanding	26.23M	24.23M	21.77M	21.58M	20.59M	21.16M	23.19M	23.66M	23.92M	23.77M
Basic Shares Outstanding	25.72M	23.82M	21.37M	20.96M	20.29M	21.16M	23.19M	23.41M	23.45M	23.13M
Dividend Payout Ratio	-	-	0.05%	0.19%	0.22%	-	-	0.02%	0%	0%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	93M	77.07M	60.33M	78.49M	64.61M	95.29M	90.81M	82.26M	83.02M	79.56M
Cash & Short-Term Investments	34.6M	22.76M	24.34M	29.22M	22.39M	51.66M	38.53M	24.87M	29.07M	26.1M
Cash Only	34.6M	22.76M	24.34M	29.22M	22.39M	51.66M	38.53M	24.87M	29.07M	26.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	25.36M	14.7M	13.87M	31.19M	22.2M	23.63M	29.05M	28.59M	19.47M	20.4M
Days Sales Outstanding	10.07	5.4	4.9	10.19	6.98	11.08	9.76	8.13	5.33	5.49
Inventory	8.89M	9.91M	10.51M	10.13M	11.1M	10.67M	11.58M	11.89M	13.24M	12.77M
Days Inventory Outstanding	4.41	4.51	4.46	4.01	4.15	5.39	4.41	3.81	4.18	13.29
Other Current Assets	16.97M	0	11.62M	0	8.91M	9.32M	0	16.91M	21.24M	20.3M
Total Non-Current Assets+	588.66M	631.81M	624.63M	616.62M	1.17B	964.13M	944.35M	1.13B	1.14B	961.5M
Property, Plant & Equipment	561.83M	601.32M	589.84M	582.75M	966.99M	910.4M	871.36M	875.9M	875.28M	847.52M
Fixed Asset Turnover	1.64x	1.65x	1.75x	1.92x	1.20x	0.86x	1.25x	1.47x	1.52x	1.60x
Goodwill	4.67M	4.67M	4.67M	4.67M	4.67M	4.67M	4.67M	4.67M	4.67M	4.67M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	-16.97M	-18.38M	-21.69M	-15.98M	0	0	0	5M	4.77M	4.27M
Other Non-Current Assets	22.16M	25.81M	30.11M	29.19M	35.81M	42.84M	43.42M	39.78M	40.56M	42.73M
Total Assets+	681.66M	708.88M	684.96M	695.11M	1.23B	1.06B	1.04B	1.21B	1.22B	1.04B
Asset Turnover	1.35x	1.40x	1.51x	1.61x	0.94x	0.73x	1.05x	1.06x	1.09x	1.30x
Asset Growth %	0.05%	0.04%	-0.03%	0.01%	0.78%	-0.14%	-0.02%	0.17%	0.01%	-0.15%
Total Current Liabilities+	116.89M	125.7M	122.54M	150.43M	158.43M	177.9M	200.43M	196.86M	199.32M	196.31M
Accounts Payable	33.03M	31.14M	25.27M	36.51M	23.42M	37.77M	48.84M	59.56M	60.64M	51.01M
Days Payables Outstanding	16.37	14.18	10.73	14.45	8.76	19.09	18.62	19.08	19.16	53.11
Short-Term Debt	0	0	0	0	32.19M	36.81M	0	40.04M	37.39M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	22.16M	28.33M	31.31M	36.68M	27.27M	29.22M	21.05M	29.48M	28.29M	40.79M
Current Ratio	0.80x	0.61x	0.49x	0.52x	0.41x	0.54x	0.45x	0.42x	0.42x	0.41x
Quick Ratio	0.72x	0.53x	0.41x	0.45x	0.34x	0.48x	0.40x	0.36x	0.35x	0.34x
Cash Conversion Cycle	-1.89	-4.27	-1.36	-0.25	2.37	-2.62	-4.45	-7.15	-9.64	-34.33
Total Non-Current Liabilities+	248.29M	308.28M	303.69M	235.46M	785.29M	587.74M	500.96M	670.98M	657.54M	474.74M
Long-Term Debt	100.5M	148M	163.5M	95M	143M	116.8M	50M	60M	68M	66.5M
Capital Lease Obligations	0	0	0	0	448.33M	456.87M	436.02M	432.68M	414.11M	394.13M
Deferred Tax Liabilities	46.67M	55.15M	21.69M	15.98M	182.08M	0	0	167.43M	164.17M	0
Other Non-Current Liabilities	101.12M	105.13M	138.78M	124.48M	11.87M	14.07M	14.95M	10.87M	11.25M	14.11M
Total Liabilities	365.18M	433.98M	426.23M	385.89M	943.72M	765.64M	701.39M	867.84M	856.87M	671.05M
Total Debt+	100.5M	148M	163.5M	95M	623.53M	610.48M	525.26M	532.71M	519.5M	500.61M
Net Debt	65.9M	125.24M	139.16M	65.78M	601.13M	558.81M	486.73M	507.84M	490.43M	474.51M
Debt / Equity	0.32x	0.54x	0.63x	0.31x	2.15x	2.08x	1.57x	1.54x	1.42x	1.35x
Debt / EBITDA	0.82x	1.18x	1.53x	0.74x	5.15x	-	9.34x	8.21x	6.13x	5.77x
Net Debt / EBITDA	0.54x	0.99x	1.31x	0.51x	4.96x	-	8.65x	7.82x	5.79x	5.47x
Interest Coverage	62.13x	35.63x	8.42x	11.90x	10.65x	-12.21x	-3.30x	-1.90x	2.80x	2.57x
Total Equity+	316.48M	274.9M	258.73M	309.22M	290.29M	293.79M	333.77M	345.51M	365.76M	370.02M
Equity Growth %	-0.09%	-0.13%	-0.06%	0.2%	-0.06%	0.01%	0.14%	0.04%	0.06%	0.01%
Book Value per Share	12.07	11.34	11.88	14.33	14.10	13.88	14.39	14.60	15.29	15.57
Total Shareholders' Equity	316.48M	274.9M	258.73M	309.22M	290.29M	293.79M	333.77M	345.51M	365.76M	370.02M
Common Stock	7.37M	0	0	0	0	0	0	0	0	0
Retained Earnings	245.83M	208.7M	189.82M	244.88M	223.22M	222.07M	261.26M	271.06M	288.73M	292.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-345.76M	-404.7M	-464.66M	-523.63M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	127.22M	138.36M	107.04M	132.92M	116M	40.54M	64.28M	51.12M	105.84M	101.47M
Operating CF Margin %	0.14%	0.14%	0.1%	0.12%	0.1%	0.05%	0.06%	0.04%	0.08%	0.07%
Operating CF Growth %	0.27%	0.09%	-0.23%	0.24%	-0.13%	-0.65%	0.59%	-0.2%	1.07%	-0.04%
Net Income	45.33M	45.56M	44.78M	50.81M	45.24M	-57.88M	-3.61M	4.08M	19.66M	16.69M
Depreciation & Amortization	59.42M	64.28M	68.67M	70.44M	72.01M	73.12M	72.75M	70.39M	70.99M	72.75M
Stock-Based Compensation	5.39M	5.53M	6.95M	8.26M	8.92M	9.79M	10.33M	10.1M	10.9M	8.63M
Deferred Taxes	5.32M	7.07M	-16.49M	-2.81M	-2.77M	-26.39M	-18.68M	-13.41M	-11.84M	-12.17M
Other Non-Cash Items	-2K	2.97M	4.97M	4.05M	31.59M	43.01M	35.94M	36.64M	41.6M	55.98M
Working Capital Changes	11.77M	12.96M	-1.84M	2.18M	-38.98M	-1.1M	-32.46M	-56.67M	-25.48M	-40.4M
Change in Receivables	-994K	-994K	-210K	-15.81M	-24.18M	-16.03M	-2.42M	1.44M	10.78M	-83K
Change in Inventory	-883K	-1.01M	-607K	381K	-969K	396K	-386K	286K	-750K	1.15M
Change in Payables	-1.98M	542K	-1.26M	4.75M	-9.8M	16.78M	7.49M	4.06M	6.05M	-4.32M
Cash from Investing+	-82.59M	-104.85M	-52.83M	-55.46M	-78.12M	-35.72M	-42.17M	-71.91M	-98.91M	-76.89M
Capital Expenditures	-86.07M	-109.36M	-70.74M	-60.96M	-82.16M	-43.33M	-42.19M	-78.61M	-98.91M	-76.9M
CapEx % of Revenue	0.09%	0.11%	0.07%	0.05%	0.07%	0.06%	0.04%	0.06%	0.07%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.48M	4.51M	17.91M	5.5M	0	7.61M	21K	6.7M	3K	7K
Cash from Financing+	-40.71M	-45.35M	-52.63M	-72.56M	-44.71M	24.45M	-35.25M	7.13M	-2.73M	-27.55M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-2.27M	-9.49M	-10M	-150K	-118K	-100K	-32K	-13K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	12.34M	2.14M	1.06M	-383K	52K	-790K	3.55M	-384K	302K	-915K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	41.15M	29M	36.3M	71.95M	33.84M	-2.78M	22.1M	-27.48M	6.92M	24.57M
FCF Margin %	0.04%	0.03%	0.04%	0.06%	0.03%	-0%	0.02%	-0.02%	0.01%	0.02%
FCF Growth %	2.45%	-0.3%	0.25%	0.98%	-0.53%	-1.08%	8.94%	-2.24%	1.25%	2.55%
FCF per Share	1.57	1.20	1.67	3.33	1.64	-0.13	0.95	-1.16	0.29	1.03
FCF Conversion (FCF/Net Income)	2.81x	3.04x	2.39x	2.62x	2.56x	-0.70x	-17.83x	12.54x	5.38x	6.08x
Interest Paid	503K	1.35M	4.25M	4.16M	3.99M	5.95M	3.71M	1.79M	3.76M	4.66M
Taxes Paid	12.1M	6.8M	5.16M	9.6M	5.15M	1.31M	389K	543K	489K	5.26M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.63%	15.41%	16.78%	17.89%	15.09%	-19.82%	-1.15%	1.2%	5.53%	4.54%
Return on Invested Capital (ROIC)	12.47%	11.82%	7.12%	11.17%	5.82%	-7.43%	-1.48%	-0.49%	1.21%	1.24%
Gross Margin	19.89%	19.3%	16.67%	17.44%	15.99%	7.25%	11.93%	11.28%	13.34%	74.17%
Net Margin	4.93%	4.59%	4.34%	4.55%	3.9%	-7.44%	-0.33%	0.32%	1.47%	1.23%
Debt / Equity	0.32x	0.54x	0.63x	0.31x	2.15x	2.08x	1.57x	1.54x	1.42x	1.35x
Interest Coverage	62.13x	35.63x	8.42x	11.90x	10.65x	-12.21x	-3.30x	-1.90x	2.80x	2.57x
FCF Conversion	2.81x	3.04x	2.39x	2.62x	2.56x	-0.70x	-17.83x	12.54x	5.38x	6.08x
Revenue Growth	8.75%	7.99%	3.9%	8.25%	3.98%	-32.97%	39.63%	18.11%	3.84%	1.81%

Frequently Asked Questions

Valuation & Price

BJ's Restaurants, Inc. (BJRI) has a price-to-earnings (P/E) ratio of 65.0x. This suggests investors expect higher future growth.

Growth & Financials

BJ's Restaurants, Inc. (BJRI) reported $1.38B in revenue for fiscal year 2024. This represents a 123% increase from $620.9M in 2011.

BJ's Restaurants, Inc. (BJRI) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, BJ's Restaurants, Inc. (BJRI) is profitable, generating $27.5M in net income for fiscal year 2024 (1.2% net margin).

Dividend & Returns

BJ's Restaurants, Inc. (BJRI) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

BJ's Restaurants, Inc. (BJRI) has a return on equity (ROE) of 4.5%. This is below average, suggesting room for improvement.

BJ's Restaurants, Inc. (BJRI) generated $53.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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