Analyzing Papa Murphy’s (FRSH) & BJ’s Restaurants (BJRI)

Papa Murphy’s (NASDAQ:FRSH) and BJ’s Restaurants (NASDAQ:BJRI) are both small-cap retail/wholesale companies, but which is the better business? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, profitability, analyst recommendations, risk and valuation.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Papa Murphy’s and BJ’s Restaurants, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Papa Murphy’s 0 0 0 0 N/A
BJ’s Restaurants 2 3 5 0 2.30

BJ’s Restaurants has a consensus price target of $65.56, indicating a potential upside of 30.59%. Given BJ’s Restaurants’ higher possible upside, analysts plainly believe BJ’s Restaurants is more favorable than Papa Murphy’s.


This table compares Papa Murphy’s and BJ’s Restaurants’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Papa Murphy’s 3.42% 7.54% 2.94%
BJ’s Restaurants 4.34% 15.86% 6.37%

Volatility and Risk

Papa Murphy’s has a beta of 0.54, meaning that its stock price is 46% less volatile than the S&P 500. Comparatively, BJ’s Restaurants has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500.

Valuation & Earnings

This table compares Papa Murphy’s and BJ’s Restaurants’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Papa Murphy’s $126.43 million 0.87 $4.32 million $0.43 15.00
BJ’s Restaurants $1.12 billion 0.94 $50.81 million $2.35 21.36

BJ’s Restaurants has higher revenue and earnings than Papa Murphy’s. Papa Murphy’s is trading at a lower price-to-earnings ratio than BJ’s Restaurants, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

57.3% of Papa Murphy’s shares are owned by institutional investors. 13.1% of Papa Murphy’s shares are owned by insiders. Comparatively, 6.8% of BJ’s Restaurants shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.


BJ’s Restaurants pays an annual dividend of $0.48 per share and has a dividend yield of 1.0%. Papa Murphy’s does not pay a dividend. BJ’s Restaurants pays out 20.4% of its earnings in the form of a dividend.


BJ’s Restaurants beats Papa Murphy’s on 12 of the 15 factors compared between the two stocks.

About Papa Murphy’s

Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take ‘N' Bake pizza stores. The company operates in three segments: Franchise, Company Stores, and Brand Funds. As of December 31, 2018, it operated approximately 1,437 stores, including 1,294 franchised and 106 company-owned stores in 37 states, as well as 12 stores in Canada and 25 stores in the Middle East. The company was founded in 1981 and is headquartered in Vancouver, Washington.

About BJ’s Restaurants

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 2, 2019, the company owned and operated 202 casual dining restaurants that offer dine-in, take-out, delivery, and party catering services in 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington. BJ's Restaurants, Inc. was founded in 1978 and is based in Huntington Beach, California.

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