BJRIBj’s Restaurants, Inc.
Bj’s Restaurants, Inc. operates a chain of casual dining restaurants and brewhouses, offering a mix of American comfort food and craft beer. The next catalyst is Oct 29, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain revenue growth and margin expansion amid a competitive and macro-sensitive environment.
- Revenue reached $1.44B in 2026, with a 3.1% YoY growth.
- Free cash flow (TTM) stands at $125.40M, reflecting strong operational discipline.
- Net margin (TTM) is 3.5%, with leverage at 0.23x debt-to-equity.
The Read
1% on macro and catalyst events, with strong rallies like a 26.
The schedule
- Sun4Oct
BJ's Restaurants stock rallies 5%
- Thu15Oct
BJRI's Q3 2026 earnings will test its ability to maintain momentum following a strong Q2 report. The outcome will be critical for assessing the impact of macroeconomic conditions and the company's operational performance.
- Tue9Feb
The Q4 2026 earnings will provide further clarity on the company's performance against its guidance and the broader macroeconomic environment.
- Wed5May
The Q1 2027 earnings will be a key test of the company's ability to sustain its performance and adapt to changing market conditions.
- Mon2Aug
The Q2 2027 earnings will provide further clarity on the company's performance against its guidance and the broader macroeconomic environment.
Past
- Mon3Aug
Actual outcome: Bull · $69.55 at outcome
BJ's Restaurants delivered strong Q2 results, highlighted by a 6.5% increase in comparable restaurant sales and higher restaurant-level profit margins. The company also raised its full-year fiscal 2026 financial guidance, which prompted broker upgrades and drove the stock well past the bull target.
Q2 2026 financial results announcement and mid-year guidance update.
- Wed1Jul
Actual outcome: Mixed · $60.26 at outcome
While the stock was initially flat around the expected capital structure update, shares subsequently surged past the $61.50 bull target to over $66. The broader rally was fueled by strong underlying fundamentals, with the company driving sales growth through digital strategies and menu innovations, such as its new crispy chicken sandwich lineup, despite broader industry headwinds.
An expected update on capital allocation and debt structure as the company navigates a higher-for-longer rate environment.
- Mon15Jun
Actual outcome: Bull · $54.55 at outcome
BJRI shares surged well past the $45.00 bull target, closing at $54.55 on the outcome date. The rally was catalyzed by the appointment of Monika Saxena as the new Brand President, which signaled a fresh strategic direction for the company amidst broader consumer spending evaluations, driving strong investor optimism.
Market evaluation of monthly consumer spending data amidst shifts in discretionary income, anchoring from a $43.04 spot price.
- Wed6May
Actual outcome: Bull · $41.43 at outcome
BJ's Restaurants reported Q1 2026 results that met EPS estimates and delivered 2.4% comparable restaurant sales growth, successfully hitting its target range. The company also reiterated its full-year 2026 financial outlook. This solid top-line performance and reaffirmed guidance reassured investors that the operational turnaround remains on track, driving shares above the $39.00 bull target.
Q1 2026 results and commentary around traffic, margins, and the 1–3% comp plan will test whether BJ's Restaurants can sustain the earnings recovery after a soft 2026 outlook; the stock is starting from $36.89 with room for a re-rate toward $39.00 if comps and cost control surprise positively, but a miss or reiterated low-growth message could drag shares toward $39.00.
- Wed1Apr
Actual outcome: Bull · $38.07 at outcome
Despite broader market concerns regarding consumer discretionary spending and casual dining headwinds, BJRI shares demonstrated resilience and rallied past the $35.00 bull target. In the absence of negative fundamental updates and supported by active promotional campaigns like the April Fool's Pizookie release, the stock successfully weathered macro pressures.
Market-wide reassessment of consumer discretionary spending amid persistent inflation concerns and high labor costs.
- Mon2Mar
Actual outcome: Bull · $40.88 at outcome
BJRI reported mixed Q4 results, missing earnings expectations but providing slightly better-than-expected revenue. The 2026 guidance showed modest margin expansion and a more optimistic SSS forecast, which reassured investors despite the EPS miss. The stock rallied on improved guidance and strategic clarity, reinforcing the bull case.
Release of Q4 results. Focus on margin performance and full-year 2026 guidance. The high valuation (P/E ~30) relative to peers (P/E ~14) requires strong margin expansion and SSS forecast to justify the premium, making soft guidance a major downside risk.
