Zacks Analyst Blog Highlights: BJ's Restaurant and Brewery, Buffalo Wild Wings, Red Robin Gourmet Burgers, Inc, California Pizza Kitchen, Inc. and McCormick & Schmick's Seafood Restaurants Inc.

Chicago, IL – July 2, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BJ's Restaurant and Brewery (BJRI - Analyst Report), Buffalo Wild Wings (BWLD - Analyst Report), Red Robin Gourmet Burgers, Inc (RRGB - Analyst Report), California Pizza Kitchen, Inc. (CPKI - Analyst Report) and McCormick & Schmick's Seafood Restaurants Inc. (MSSR - Snapshot Report).

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Here are highlights from Wednesday’s Analyst Blog:

The Consumer & Casual Dining

We think the restaurant growth stock sector has limited upside and that achieving the high-teens 2010 EPS growth implied by consensus estimates will be challenging. Kitchen and labor scheduling efficiencies, coupled with decelerating commodity prices, should more than offset the margin-squeezing effects of fixed occupancy costs on declining sales.

However, same-store sales are set to continue wilting, while unit growth has been nearly halted at most chains – BJ's Restaurant and Brewery (BJRI - Analyst Report) and Buffalo Wild Wings (BWLD - Analyst Report) remain two exceptions that are rapidly expanding.

Although at some point this year, falling customer traffic will likely level off, there is no reason to expect a resurgence in dining out. Struggles appear set to continue for casual dining restaurants, such as Red Robin Gourmet Burgers, Inc (RRGB - Analyst Report), BJ's Restaurant and Brewery, Inc., Famous Dave's of America, Inc. and California Pizza Kitchen, Inc. (CPKI - Analyst Report), and for upscale operators, including McCormick & Schmick's Seafood Restaurants Inc. (MSSR - Snapshot Report).

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