BJ's Restaurants

BJRI · NASDAQ

$59.07+$0.22 (+0.37%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $58.85

BJRI analyst rating

HoldConsensus of 8 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy4
Hold3
Underperform1
Sell0

12-month price target · 9 analysts

Average $77.96 (+32.0% upside)

Low: $65.65
Now: $59.07
High: $86.10

Upgrades and downgrades

The latest rating actions, newest first

BJRI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 1, 2026	Upgrade	Neutral → Outperform	$74.00 → $76.00	55%
Citigroup	Jul 31, 2026	Maintains	Neutral	$68.00 → $75.00	57%
Benchmark	Jul 31, 2026	Maintains	Buy	$68.00 → $80.00	38%
Citigroup	Jul 20, 2026	Maintains	Neutral	$47.00 → $68.00	57%
William Blair	Jul 17, 2026	Upgrade	Market Perform → Outperform	—	45%
Benchmark	Jul 17, 2026	Maintains	Buy	$50.00 → $68.00	38%
Piper Sandler	May 7, 2026	Maintains	Neutral	$40.00 → $43.00	64%
Barclays	May 6, 2026	Maintains	Underweight	$42.00 → $38.00	55%
Benchmark	May 6, 2026	Maintains	Buy	$48.00 → $50.00	38%
Citigroup	Apr 16, 2026	Maintains	Neutral	$49.00 → $47.00	57%

The case for and against

Updated Oct 17, 2026

Bull case

BJ's Restaurants is well positioned because traffic has remained strong across the full-service dining category, with BJRI posting six to seven consecutive quarters of traffic growth and a 2.4% same-store sales increase in 1Q26 driven almost entirely by 2.2% traffic. Its menu and value initiatives, including the Pizookie Meal Deal, upgraded burgers and pizza, and beverage innovation, are resonating with younger guests and supporting higher incidence, repeat visits, and better brand relevance. Operationally, the company is showing leverage from improved staffing, predictive sales tools, and disciplined cost management, while two new unit openings in 4Q26 and a path to 4-6 units in FY27 suggest an inflection toward renewed growth.

Bear case

BJ's Restaurants is vulnerable to renewed dine-in restrictions and weaker consumer traffic, both of which could materially hurt sales, profitability, and the cash flow needed to support the business. Its outlook is further pressured by recessionary conditions, softer consumer confidence, higher gasoline or oil prices, rising interest rates, and unemployment, all of which can reduce spending at full-service restaurants. Margin risk is also elevated because labor shortages may force higher wages or shorter operating hours, while geographic concentration in California, Texas, and Florida leaves the company exposed to region-specific weather, disaster, and economic disruptions.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.