Bj’s Restaurants Intrinsic Value – BJ’s Restaurants Reports Positive Earnings Results for Q2 FY2023
August 9, 2023
☀️Earnings Overview
BJ’S ($NASDAQ:BJRI): BJ’s Restaurants reported a revenue of USD 349.7 million and a net income of USD 11.9 million for the second quarter of FY2023, which ended on June 30 2023.
Price History
On Thursday, BJ’s Restaurants reported positive earnings results for Q2 FY2023, with their stock opening at $33.7 and closing at $33.3. This marks a decrease of 0.7% from its last closing price of 33.6. The company’s successes are attributed to growth in its delivery, catering, and takeaway business, as well as the expansion of its menu offerings.
Furthermore, the company has experienced a significant increase in online orders since the beginning of the pandemic, resulting in higher overall sales. In terms of outlook, BJ’s Restaurants is expecting to continue to see positive growth in the remainder of FY2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bj’s Restaurants. More…
| Total Revenues | Net Income | Net Margin |
| 1.35k | 17.73 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bj’s Restaurants. More…
| Operations | Investing | Financing |
| 62.51 | -94.26 | 0.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bj’s Restaurants. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.04k | 675.22 | 15.55 |
Key Ratios Snapshot
Some of the financial key ratios for Bj’s Restaurants are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | -76.1% | 1.0% |
| FCF Margin | ROE | ROA |
| -2.8% | 2.3% | 0.8% |
Analysis – Bj’s Restaurants Intrinsic Value
At GoodWhale, we specialize in analyzing the fundamentals of companies and providing accurate valuations. To that end, we have applied our proprietary Valuation Line to BJ’S RESTAURANTS. Our calculations indicate that BJ’S RESTAURANTS has a fair value of around $44.8 per share. However, at the time of writing, BJ’S RESTAURANTS is trading at $33.3 – a whopping 25.6% below fair value. This presents a great opportunity for investors who want to capitalize on a potential bargain. More…
Peers
The restaurant industry is a highly competitive market. Companies like BJ’s Restaurants Inc, Bloomin Brands Inc, Carrols Restaurant Group Inc, and Rave Restaurant Group Inc are constantly vying for customers. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which restaurant they want to patronize.
– Bloomin Brands Inc ($NASDAQ:BLMN)
Bloomin Brands Inc is a publicly traded company with a market cap of 1.97B as of 2022. The company operates in the restaurant industry, with a focus on casual dining. Through its subsidiaries, the company owns and operates several restaurant brands, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. The company has a Return on Equity of 36.88%.
– Carrols Restaurant Group Inc ($NASDAQ:TAST)
Carrols Restaurant Group, Inc. owns, operates, and franchises quick-service restaurants under the Burger King brand. As of December 31, 2020, it operated 1,010 Burger King restaurants in 29 states of the United States and Puerto Rico. The company was founded in 1960 and is headquartered in Syracuse, New York.
– Rave Restaurant Group Inc ($NASDAQ:RAVE)
Rave Restaurant Group, Inc. owns, operates, and franchises pizza buffet, delivery/carry-out, and express restaurants under the Pizza Inn and Pie Five Pizza Co. brands in the United States. As of December 31, 2020, it operated 340 Pizza Inn restaurants and 97 Pie Five restaurants. The company was founded in 1958 and is based in The Colony, Texas.
Summary
BJ’s Restaurants experienced a significant improvement in their financial performance in the second quarter of FY2023, with total revenue increasing 6.1% year-on-year and net income jumping from 0.3 million to 11.9 million. This is a positive indication for investors, as it indicates that the company is growing and becoming more profitable. Furthermore, the company’s strong balance sheet and robust cash position offer further reassurance to potential investors. Overall, BJ’s Restaurants appears to be an attractive investment option, offering good potential for growth and returns.
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