Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionBJ's Restaurants Inc. Common Stock (BJRI)
Fair value (4 models)
Not available
ACCE price target
$60.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $56.51 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
56
out of 100
Analysts
56% buy
9 covering
P/E
32.5x
forward 23.8x
1-year return
+72.9%
Dividend yield
0.00%
BJ's Restaurants Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
BJ's Restaurants runs the BJ's Restaurants and Brewhouse chain, a casual dining concept built around its in-house brewed beers, deep-dish pizza and a large mixed-dining menu across dozens of US states. The advantage is that the brewing and kitchen format is hard to copy quickly, and a lower-cost, high-volume unit economics model supports the business as it grows. Revenue growth of 6.4% gives the company room to add restaurants and lift same-store sales without relying on a single product. The stock trades at 32.2 times trailing earnings but 23.8 times forward earnings, which implies the market expects a meaningful step-up in profit. With a 5.0% operating margin and a 10.4% return on equity, the margin of safety is thin, so the case rests on whether that earnings recovery actually arrives.