HIGHOutside partySupplier
single malt supplier
“10-K Item 1A: 'We purchase a majority of our malts from a single supplier with multiple sources of malts.'”
BJRI · Concentration risk · 10-K extracted
BJ's Restaurants (BJRI) concentration risks
Updated
The most significant concentration BJ's Restaurants discloses is single malt supplier, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: BJ's Restaurants’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
California, Texas, and Florida
“10-K Item 1A: 'a significant number of our restaurants are concentrated in California, Texas and Florida'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06BJ's Restaurants carries two distinct concentration exposures that net out differently. On the supply side, the company purchases a majority of its malts from a single supplier, though that supplier draws on multiple sources of malt — a dependency-type exposure disclosed at a high share, since malt is core to BJ's brewhouse-driven menu, but partially cushioned by the supplier's own diversified sourcing. Geographically, a significant number of BJ's restaurants are concentrated in California, Texas, and Florida, a medium-share, structural exposure tied to regional economic and regulatory conditions rather than to any single counterparty. The two exposures are of different character: the malt supplier risk is idiosyncratic and could be resolved by supplier diversification, while the geographic concentration is structural to BJ's expansion history and would take years to unwind. Together, they suggest BJ's is more exposed to regional macro conditions in its core states than to a single point-of-failure supplier, though the malt dependency remains the more acute single-vendor risk on the list.
For the engine’s reasoning on BJRI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Restaurants
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BJRI● | BJ's Restaurants, Inc. | 1 | 1 | 0 | 2 |
| BLMN | Bloomin' Brands, Inc. | 1 | 0 | 0 | 1 |
| BH | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BH-A | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BROS | Dutch Bros Inc. | 0 | 1 | 0 | 1 |
| CAKE | The Cheesecake Factory Incorpor | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.