BJ's Restaurants slightly beats Q1 revenue estimates, reiterates 2026 outlook

BJs Restaurants

05/05/2026 22:35

Overview

US casual dining chain's fiscal Q1 revenue rose 2.9%, slightly beating analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company repurchased $5.3 mln in shares during the quarter

Outlook

Company reiterates fiscal 2026 comparable restaurant sales growth of 1% to 3%

BJ's Restaurants sees 2026 restaurant level operating profit of $221 mln to $233 mln

Company expects 2026 adjusted EBITDA of $140 mln to $150 mln

Result Drivers

GUEST TRAFFIC - Comparable restaurant sales rose 2.4%, led by a 2.2% increase in guest traffic

STRATEGIC PRIORITIES - Co cited execution of four strategic priorities and improvements in menu, culture, and restaurant environment as supporting ongoing sales and traffic growth, per CEO Lyle Tick

Company press release: ID:nGNX1kXWt4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$358.1 mln
$356.82 mln (9 Analysts)
Q1 Adjusted EPS
Miss
$0.57
$0.59 (9 Analysts)
Q1 Comparable Sales Growth
2.4%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 1 "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 $46.00, about 24.5% above its May 4 closing price of $36.96

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)