BJ's Restaurants Q2 revenue beats estimates
BJRI•Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell". The average consensus recommendation for the restaurants & bars peer group is "buy".
Wall Street's median 12-month price target for BJ's Restaurants Inc is $64.00, about 8.8% below its July 29 closing price of $70.15. The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 14 three months ago.
Guidance raised for 2026
BJ's Restaurants raised its 2026 comparable sales growth outlook to 3.0%-4.0% from 1.0%-3.0%. The company also lifted its 2026 restaurant-level operating profit forecast to $228 mln-$235 mln and now sees 2026 adjusted EBITDA at $145 mln-$152 mln, up from $140 mln-$150 mln.
Q2 results beat estimates
BJ's Restaurants said fiscal second-quarter revenue rose 6.4%, beating analyst expectations. Adjusted earnings per share for the fiscal second quarter also beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $388.89 mln | $377.07 mln (10 Analysts) |
| Q2 Adjusted EPS | Beat | $0.94 | $0.89 (10 Analysts) |
Drivers and share repurchases
The company said comparable restaurant sales growth was driven by an 8.3% increase in guest traffic, outpacing casual dining benchmarks. Management attributed profit growth to continued execution of four strategic pillars and operational improvements.
The CFO said incremental G&A costs were related to deferred compensation, legal, and leadership transition expenses. BJ's Restaurants also repurchased $2.4 mln in shares during the quarter.
