BJ’s Restaurants (NASDAQ:BJRI) Issues Quarterly Earnings Results

Posted by Geri Gentry on Nov 7th, 2026

BJ’s Restaurants (NASDAQ:BJRI – Get Free Report) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.16, FiscalAI reports. The business had revenue of $358.63 million for the quarter, compared to analysts’ expectations of $346.68 million. BJ’s Restaurants had a net margin of 2.86% and a return on equity of 12.93%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS.

Here are the key takeaways from BJ’s Restaurants’ conference call:

Strong sales and traffic growth: Third-quarter comparable sales rose 8.1%, driven by 8.3% traffic growth, marking the ninth consecutive quarter of sales and traffic gains. Revenue increased 8.6% to $358.6 million, with growth across days, dayparts, revenue centers, and regions.
Profitability improved, and full-year guidance was raised: Restaurant-level operating margin expanded 220 basis points to 14.7%, while adjusted EBITDA increased $10.3 million to $31.4 million. BJ’s raised its 2026 comparable-sales, restaurant-level operating profit, and adjusted EBITDA outlook, while lowering expected capital expenditures.
Check trends and menu initiatives showed progress: Average check declined just 0.2%, improving from a 1.8% decline in Q2; management attributed the sequential improvement partly to menu renovations and more balanced growth drivers. The company said revamped pizza, burger, and chicken sandwich offerings are generating higher sales and margins.
Q4 outlook includes a calendar headwind: Management said results to date are in line with expectations, but projected an approximately 100-basis-point Q4 comparable-sales headwind from holiday timing. It also expects occupancy and operating expenses to rise to about 23% of revenue, citing marketing, insurance, and repair and maintenance costs.
Balance sheet strengthened as growth investment continues: BJ’s repaid $28 million of debt during the quarter and ended with approximately $4 million of net debt, down from $61 million at the start of the year. The company plans to open one restaurant in Q4 and one in Q1, with roughly four or five openings targeted for 2027.

BJ’s Restaurants Stock Down 4.8%

Shares of BJ’s Restaurants stock opened at $55.67 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.29. The business’s 50 day simple moving average is $60.18 and its 200 day simple moving average is $51.29. The firm has a market cap of $1.18 billion, a PE ratio of 26.64, a P/E/G ratio of 1.92 and a beta of 1.46. BJ’s Restaurants has a 52-week low of $33.36 and a 52-week high of $74.60.

Insider Activity at BJ’s Restaurants

In other news, Director C Richmond purchased 500 shares of BJ’s Restaurants stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $61.05 per share, for a total transaction of $30,525.00. Following the transaction, the director directly owned 36,500 shares of the company’s stock, valued at approximately $2,228,325. This trade represents a 1.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noah A. Elbogen sold 7,535 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $70.14, for a total value of $528,504.90. Following the completion of the sale, the director directly owned 71,655 shares in the company, valued at approximately $5,025,881.70. The trade was a 9.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BJRI shares. William Blair raised shares of BJ’s Restaurants from a “market perform” rating to an “outperform” rating in a report on Friday, July 17th. Benchmark upped their price objective on shares of BJ’s Restaurants from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Citigroup decreased their price objective on BJ’s Restaurants from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Weiss Ratings raised BJ’s Restaurants from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Finally, Zacks Research downgraded BJ’s Restaurants from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $62.00.

View Our Latest Analysis on BJRI

More BJ’s Restaurants News

Here are the key news stories impacting BJ’s Restaurants this week:

Positive Sentiment: Q3 revenue rose 8.6% year over year to $358.6 million, exceeding estimates of about $346.7 million. Adjusted earnings were $0.33 per share, above analyst forecasts of $0.14–$0.17 and up from $0.04 a year earlier. BJ’s Restaurants Q3 2026 results
Positive Sentiment: Comparable restaurant sales increased 8.1%, and the company raised its fiscal 2026 financial guidance—signs of solid demand and improved expectations for the year. BJ’s Restaurants Q3 2026 results
Neutral Sentiment: BJ’s introduced a seasonal holiday menu, including new steakhouse-inspired dishes and a returning Biscoff Pizookie. The launch may support seasonal traffic, though its financial impact is not yet known. BJ’s holiday menu announcement
Negative Sentiment: Despite the earnings beat and raised outlook, BJRI shares declined. The available report highlights the contrast but does not identify a specific cause for the weak share reaction. BJ’s Restaurants falls despite strong Q3 results

About BJ’s Restaurants

(Get Free Report)

BJ’s Restaurants, Inc (NASDAQ: BJRI) operates and develops casual dining restaurants under the BJ’s Restaurant & Brewhouse brand. Its restaurants offer a broad menu centered on deep-dish pizza, along with appetizers, salads, sandwiches, burgers, entrees, desserts and other American-style dishes.

The company is also known for producing and serving craft beer, including its proprietary BJ’s beers, at many of its locations. Its restaurants typically combine full-service dining with a brewery-inspired atmosphere and offer dine-in, takeout, delivery and catering services, depending on the location.

BJ’s traces its origins to 1978, when the first restaurant opened in Southern California.