Stock fact sheet · data as of
BJ's Restaurants, Inc. (BJRI): fair value, margin of safety and Wheel Score
Consumer Cyclical · Restaurants · United States · Blend
Is BJRI undervalued?
At 60.22 (close of 16 Oct 2026), BJRI trades within a few percent of the GLS average fair value of 56.95 (5.7% above fair value). 8 models produced a value and they split 4 above the price to 4 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between EPV (21.55) and GLS Growth (118.74). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BJRI under Blend.
Nine valuation models for BJRI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 35.49 | -41% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 28.67 | -52% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 75.53 | +25% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.38 | -50% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 118.74 | +97% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 61.57 | +2% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 83.71 | +39% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 21.55 | -64% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -27.00 | -145% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 55.50 | -8% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
BJ's Restaurants, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability BJRI scores 5.6/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 5.7%, ROE 13.3%, ROA 4.8% - with debt at 1.34 times equity and a free-cash-flow yield of 3.5%.
BJ's Restaurants, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Operating Segments 100% (quarter Q2 FY2025).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 5.7% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 13.3% |
| Debt / equity | 1.34 | ROA | 4.8% |
| Free-cash-flow yield | 3.5% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 69: Good
With a Wheel Score of 69 - the Good band - BJ's Restaurants, Inc. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 10/25, Health 18/20, Moat 8/15, Premium 20/20, Stability 13/20; Value (10/25) scores lowest.
Implied volatility is 57% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,522 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 576k shares a day on a market cap of $1.3B, with a beta of 1.33 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 10 / 25 | -6% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 20 / 20 | implied volatility 57% | |
| Stability | 13 / 20 | 576k shares/day, $1.3B cap, beta 1.33 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
BJ's Restaurants, Inc. reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Restaurants
The 12 companies below are the closest to BJ's Restaurants, Inc. by market cap within the Restaurants industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WEN The Wendy's Company | 6.44 | 23.87 | +73% | 83Prime | $1.2B |
| BH Biglari Holdings Inc. | 425.17 | 215.68 | -97% | 21No options | $1.4B |
| SG Sweetgreen, Inc. | 10.14 | 1.92 | -427% | 31Weak | $1.2B |
| CBRL Cracker Barrel Old Country Store | 67.41 | 29.15 | -131% | 50Fair | $1.5B |
| ARCO Arcos Dorados Holdings Inc. | 8.06 | 20.68 | +61% | 81Prime | $1.7B |
| BLMN Bloomin' Brands, Inc. | 9.93 | 11.85 | +16% | 68Good | $850M |
| FWRG First Watch Restaurant Group, Inc. | 12.36 | 9.69 | -28% | 54Fair | $763M |
| CNNE Cannae Holdings, Inc. | 16.23 | 8.83 | -84% | 43Weak | $704M |
| CHA Chagee Holdings Limited American Depositary Shares | 12.44 | 63.22 | +80% | 39No options | $2.4B |
| HDL SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares | 10.78 | 22.32 | +52% | 39No options | $634M |
| PZZA Papa John's International, Inc. | 19.21 | 28.72 | +33% | 70Good | $632M |
| SHAK Shake Shack Inc. | 68.77 | 27.84 | -147% | 54Fair | $2.8B |
⚖ Compare BJRI with 7 of them All Consumer Cyclical stocks →
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Start free See the Sunday ScanQuestions about BJRI
Is BJRI undervalued right now?
Not meaningfully: at 60.22 the stock trades within a few percent of the GLS average fair value of 56.95 (5.7% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of BJRI and what does it mean?
BJRI scores 69 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BJRI?
56.95 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does BJ's Restaurants, Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BJRI have listed options, and how liquid are they?
Yes. The nightly snapshot found 236 listed contracts with 1,522 open interest across all expiries and implied volatility of 57% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.