BJRI vs TXRH Stock Comparison: AI Score, Valuation, Performance and Upside
BJRI (BJ's Restaurants) and TXRH (Texas Roadhouse) are both casual dining chains competing for family and group dining occasions, but with different positioning — BJ's offers a brewhouse concept with craft beer and a broad menu in large-format sports bar settings, while Texas Roadhouse delivers exceptional value on scratch-cooked steaks and sides in an energetic dining environment. Texas Roadhouse has consistently outperformed BJ's on traffic growth and restaurant-level margins.
BJRI vs TXRH is brewhouse casual dining with craft beer identity and Pizookie brand moments (BJ's large-format restaurant combining family dining with sports bar beer culture — competing on occasion breadth rather than food specialization) versus value-oriented scratch-cook steakhouse with industry-leading traffic performance (Texas Roadhouse's hand-cut steak value proposition, butcher program, and complimentary rolls driving consistent same-store sales growth through economic cycles) — broad casual dining occasion versus focused steak value dominance.
BJRI and TXRH are closely matched — they split the tracked metrics evenly. BJRI leads on both 1-year return (+19.84%) and forward P/E (20.91x vs 23.24x for TXRH), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for TXRH (+11.37%) than for BJRI (-18.53%).
- →See BJ's brewhouse positioning as capturing an incremental dining occasion (sports watching + beer + food) that pure food-focused casual dining chains don't address
- →Value BJ's Sun Belt geographic concentration as benefiting from population growth in California, Texas, and Florida
- →Believe BJ's unit growth opportunity (from ~210 to potentially 400+ locations) provides a multi-year development pipeline at lower current valuation than TXRH
- →Value TXRH's industry-leading comparable restaurant traffic as evidence of a durable competitive advantage in value-oriented casual dining that compounds into superior long-term returns
- →Appreciate the scratch-cooking differentiation and butcher program as genuinely difficult-to-replicate competitive moats that protect against concept commoditization
- →Want a casual dining operator with dividend growth history and proven recession resilience from the value steak positioning that attracts both trade-down (from steakhouses) and trade-up (from QSR) consumers
| Metric | BJRI | TXRH |
|---|---|---|
| AI score | 30.7 | 46.3 |
| AI rank | #2229 | #675 |
| Latest close | $54.55 | $177.75 |
| 1M return | +29.51% | +2.70% |
| 6M return | +32.44% | +4.54% |
| 1Y return | +19.84% | -6.33% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | BJRI | TXRH |
|---|---|---|
| 1Y ago | $11.98K (+19.8%) started 2025-06-18 | $9.53K (-4.7%) started 2025-06-18 |
| 5Y ago | $11.59K (+15.9%) started 2021-06-18 | $23.6K (+136.0%) started 2021-06-18 |
| 10Y ago | $12.52K (+25.2%) started 2016-06-20 | $54.67K (+446.7%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
| Metric | BJRI | TXRH |
|---|---|---|
| Market cap | $1.15B | $11.68B |
| Trailing P/E | 27.41 | 28.35 |
| Forward P/E | 20.91 | 23.24 |
| Price/Sales | 0.81 | 1.93 |
| EV/Revenue | 1.08 | 1.97 |
| Analyst target | $44.44 | $197.96 |
| Target upside | -18.53% | +11.37% |
| Metric | BJRI | TXRH |
|---|---|---|
| Revenue growth | 2.90% | 12.80% |
| Earnings growth | -29.30% | 10.00% |
| EPS growth | -29.30% | +10.00% |
| FCF margin | +5.41% | +3.14% |
| Operating margin | N/A | N/A |
| Profit margin | 3.15% | 6.85% |
| ROIC proxy | 11.92% | 28.92% |
| Return on equity | 11.92% | 28.92% |
| Dividend yield | 0.00% | 1.78% |
| Beta | 1.36 | 0.81 |
| Debt/equity | 124.19 | 68.53 |
| Current ratio | 0.31 | 0.46 |
| Quick ratio | 0.19 | 0.34 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | BJRI | TXRH |
|---|---|---|---|
| 1Y | Growth | +19.84% | -6.33% |
| CAGR | +19.85% | -6.33% | |
| Sharpe ratio | 0.53 | -0.24 | |
| Max drawdown | 38.67% | 19.61% | |
| Max daily drop | 5.83% | 6.58% | |
| Max wkly drop | 13.99% | 10.18% | |
| 5Y | Growth | +15.92% | +114.91% |
| CAGR | +3.00% | +16.54% | |
| Sharpe ratio | 0.20 | 0.51 | |
| Max drawdown | 59.62% | 30.45% | |
| Max daily drop | 15.39% | 14.97% | |
| Max wkly drop | 21.80% | 24.97% | |
| 10Y | Growth | +21.72% | +357.69% |
| CAGR | +1.99% | +16.44% | |
| Sharpe ratio | 0.23 | 0.48 | |
| Max drawdown | 91.21% | 58.04% | |
| Max daily drop | 38.19% | 15.30% | |
| Max wkly drop | 69.42% | 29.18% |
| Category | BJRI | TXRH |
|---|---|---|
| Company | BJ's Restaurants, Inc. | Texas Roadhouse, Inc. |
| Sector | Consumer Discretionary - Casual Dining Restaurant | Consumer Discretionary - Casual Dining Restaurant |
| Industry | N/A | N/A |
| Core business | BJ's Restaurants operates BJ's Restaurant & Brewhouse, a casual dining chain known for its broad menu combining American casual dining food (burgers, pasta, pizza, salads, entrees) with an extensive craft beer selection brewed in-house or sourced from craft breweries. BJ's is particularly famous for its Pizookie — a deep-dish pizza-sized cookie served hot in a skillet with ice cream on top. BJ's restaurants are large-format (typically 7,000-8,000 sq ft, 250+ seats) and offer a sports bar atmosphere with multiple large-screen TVs alongside family dining. BJ's operates approximately 210+ locations concentrated in California, Texas, Florida, and other Sun Belt states. | Texas Roadhouse operates casual dining steakhouses offering hand-cut steaks (USDA Choice, cut in-house by butchers at each location), fall-off-the-bone ribs, grilled chicken, seafood, and made-from-scratch sides. Complimentary fresh-baked rolls with cinnamon butter served to all guests create a beloved brand experience. Texas Roadhouse's prices deliver USDA Choice steak at price points 30-40% below competing steakhouses, creating exceptional perceived value. The chain operates approximately 650+ locations with a strong presence in suburban and mid-size U.S. markets. |
| Investor focus | Investors track BJ's comparable restaurant sales (traffic and average check), restaurant-level operating margins, new restaurant openings, menu innovation (particularly the beer program and seasonal specials), and off-premise sales (delivery and takeout as a percentage of total sales). | Investors track comparable restaurant sales (consistently above-industry due to strong traffic), restaurant-level profit margins, new unit development, food cost management (beef cost volatility), and the sustainability of Texas Roadhouse's value positioning amid menu price increases. |
- →BJ's brewhouse model differentiates from pure casual dining by adding a significant craft beer revenue stream — on-premise craft beer sales generate higher margins than food; the brewhouse identity creates a distinctive positioning between bar and casual dining
- →Pizookie and signature menu items create strong brand recall and repeat visits — BJ's Pizookie is one of the most recognizable dessert items in casual dining; customers plan visits specifically for the Pizookie; signature items create occasions that drive traffic
- →Large-format restaurant with TV screens captures sports-watching occasions beyond dinner dining — BJ's captures game-watching groups who want food and beer in a casual setting; these incremental occasions (sports events, playoff games) drive weekend bar traffic
- →Value positioning in steak dining creates compelling reason to choose TXRH over higher-priced alternatives — hand-cut USDA Choice steak for $18-22 versus $40+ at traditional steakhouses creates exceptional value perception; consumers trade down to TXRH in economic uncertainty while trading up from fast casual in good times
- →Scratch cooking (butchers, made-from-scratch sides) creates genuine food quality differentiation rare at casual dining scale — most casual dining chains use prepared ingredients; TXRH employs actual butchers at each location; the food quality supports strong word-of-mouth and repeat traffic
- →Industry-leading same-store sales performance demonstrates durable brand strength — TXRH has delivered positive comparable restaurant traffic growth in most years, even when casual dining peers (Applebee's, Chili's, Red Lobster) declined; execution consistency creates a virtuous traffic cycle
- →BJ's competes in an intensely competitive casual dining environment with well-capitalized operators — Applebee's, Chili's (Brinker), Texas Roadhouse, Darden brands all compete for the same consumer occasion; casual dining has faced structural traffic headwinds from fast casual and delivery
- →Craft beer margins face competitive pressure as craft beer becomes widely available at retail — consumers can purchase craft beer at Whole Foods or Total Wine; the incremental reason to visit a brewhouse for craft beer is reduced when great beer is available everywhere
- →Restaurant-level margins at BJ's have been below industry leaders — BJ's struggles to achieve the restaurant-level margins of Texas Roadhouse due to higher labor in large-format restaurants and a more complex menu requiring more kitchen staff
- →Food cost inflation, particularly beef, is the primary margin risk — TXRH's value positioning depends on maintaining beef quality at competitive prices; beef price spikes require difficult choices between absorbing margin pressure or raising prices that threaten the value proposition
- →Menu price increases to offset inflation may eventually erode the value positioning that drives traffic — TXRH has raised prices in recent years; continued increases could narrow the gap between TXRH prices and steakhouse alternatives
- →Real estate constraints for new unit development as the brand matures — TXRH has opened restaurants in most major and mid-size U.S. markets; finding high-quality new sites without cannibalizing existing restaurants is progressively harder
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