BJ's Restaurants (BJRI)
A national casual dining chain built around proprietary craft beer and a varied, pizza-rooted menu.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Mizuho Securities | Target | Target: $60 | Target: $74 |
| Jul 31, 2026 | D.A. Davidson | Target | Target: — | Target: $65 |
| Jul 24, 2026 | Mizuho Securities | Target | Target: $42 | Target: $60 |
| Jul 17, 2026 | William Blair | Upgrade | ||
| May 7, 2026 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $43 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $14.4M · Total debt $434.7M · Total assets $991.8M · Shareholders' equity $397.4M
- Revenue
- $388.9M
- Operating income
- $19.5M
- Net income
- $18.8M
No dividends on record.
| Institutions | ≈ 101.51% | 21.59M shares | |
|---|---|---|---|
| 200 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.04% | 1.71M shares | |
| 25 holders · as of Sep 3, 2026 | |||
| Strategic holders | 12.97% | 2.76M shares | |
| 2 holders · as of Apr 28, 2025 | |||
| Adds to | 122.52% | ||
21.27M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 122.52%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.48% | 3.29M | as of Jun 30, 2026 |
Fund 1 Investments, LLC1Strategic10 percent owner | 10.49% | 2.23M | filed Apr 28, 2025 |
Vanguard Portfolio Management LLCInstitution | 8.59% | 1.83M | as of Jun 30, 2026 |
Arthur Zaske & Associates LLCInstitution | 7.87% | 1.67M | filed Feb 16, 2017 |
Patrick Walsh2Insiderdirector | 5.75% | 1.22M | filed Mar 6, 2024 |
- Reported at 4.69% on Apr 29, 2025, under the 5% line, so no further filing is required.
- Patrick Walsh's transaction reports restate only vehicles that traded; the 2024 ownership statement (1.22M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | C. Bradford Richmond | director | +500 | $59.50 |
| Sep 2, 2026 | C. Bradford Richmond | director | +500 | $61.05 |
| Aug 31, 2026 | C. Bradford Richmond | director | +753 | $63.25 |
| 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 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BJ's Restaurants | $61.15 | −0.65% | $1.29B | 32.6 | 23.4 | 0.9 | +6.4% |
| Darden Restaurants | $213.75 | +0.10% | $24.44B | 20.6 | 18.9 | 1.8 | +13.7% |
| Brinker International | $208.39 | +0.76% | $8.87B | 19.0 | 15.7 | 1.5 | +5.1% |
| The Cheesecake Factory | $104.13 | +1.05% | $5.12B | 27.9 | 22.3 | 1.3 | +7.7% |
| Bloomin' Brands | $8.61 | +0.67% | $732.0M | 27.6 | 9.3 | 0.2 | +1.3% |
| Texas Roadhouse | $164.18 | −1.17% | $10.92B | 26.6 | 22.8 | 1.8 | +11.1% |
| Dine Brands | $29.38 | +2.80% | $362.5M | 58.3 | 6.8 | 0.4 | +4.4% |
| Median | 27.1 | 17.3 | 1.4 | +6.4% |