公司概述
BJ's Restaurants, Inc. operates as a provider of full-service dining establishments across the United States, specializing in a menu that includes pizzas, craft beers, appetizers, entrées, wings, pastas, sandwiches, specialty salads, and signature Pizookie desserts. The company is classified within the Consumer Cyclical sector and the Restaurants industry, positioning its financial performance directly against consumer discretionary spending trends. With a market capitalization of $818.64 million, an annual revenue of $1.40 billion, and an employee base of 22,230, the entity represents a significant player in the casual dining landscape. These valuation and revenue figures indicate a mid-cap company with established operational scale, yet the market capitalization suggests a valuation that does not yet command a premium relative to its sales volume, reflecting the cyclical nature of the restaurant business and current investor sentiment regarding the sector.
财务健康
The company reported a trailing twelve-month revenue of $1.40 billion, generating a net income of $48.81 million and an EBITDA of $126.63 million. The substantial gap between the $1.40 billion revenue and the $48.81 million net income reveals a compressed cost structure where operating expenses and taxes consume a significant portion of top-line growth, resulting in a profit margin of only 3.5%. Free cash flow stands at $33.56 million, which indicates the company generates positive cash after capital expenditures, though the magnitude suggests limited financial flexibility for aggressive expansion without refinancing. Gross margin is reported at 15.5%, while operating margin sits at 3.7%, both metrics highlighting the intense competitive pressures and high cost of goods typical in the restaurant industry. On the balance sheet, total cash of $23.78 million is significantly lower than total debt of $490.76 million, and the debt-to-equity ratio is an exceptionally high 134.02, signaling a highly leveraged financial position rather than a conservative one. This leverage is further underscored by a current ratio of 0.40, which indicates that current assets are insufficient to cover current liabilities, pointing to potential short-term liquidity constraints. Return on equity is 13.3% and return on assets is 3.0%, metrics that reveal management is generating strong returns on shareholder equity despite the low asset base efficiency, likely driven by the high leverage amplifying equity returns.
估值评估
The trailing twelve-month P/E ratio is 17.88, while the forward P/E ratio is 14.30, implying that the market expects earnings growth in the future to justify the lower forward multiple compared to the current earnings yield. The price-to-book ratio is 2.23, indicating that the stock trades at a moderate premium over its book value, suggesting investors are willing to pay more than the liquidation value of assets. The price-to-sales ratio stands at 0.59, and the EV/EBITDA is 10.15, which are alternative valuation metrics that suggest the company is undervalued relative to its sales and enterprise cash flow generation capabilities. Regarding trading range, the 52-week high is $47.02 and the 52-week low is $28.46; without a specific current price provided in the facts, the valuation context must be derived solely from these historical bounds which define the volatility envelope for the stock. The beta value is 1.32, which means the stock exhibits price volatility that is 32% higher than the broader market, reflecting the inherent sensitivity of restaurant stocks to economic downturns and consumer behavior changes.
Growth & Income
Revenue growth year-over-year is 3.2%, while earnings growth is marked as N/A, indicating that the data point is unavailable or not reported in the current fiscal context. The absence of reported earnings growth data prevents a direct comparison of earnings acceleration versus revenue expansion, though the positive revenue growth suggests top-line resilience. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the firm reinvests all available earnings into business operations rather than returning capital to shareholders via cash distributions. Consequently, the overall growth and income profile is characterized by capital appreciation potential through organic revenue expansion and operational efficiency improvements, rather than income generation through a dividend stream, making it a pure-play growth investment within the consumer discretionary sector.