We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BJ's Restaurants (BJRI) Opens its Latest Outlet in Alabama
Read MoreHide Full Article
BJ’s Restaurants, Inc. (BJRI - Free Report) announced the opening of its latest restaurant in Mobile, AL, on Apr 3. This 7,500 square feet restaurant is located at 3748 Airport Boulevard and can accommodate nearly 230 guests.
The outlet features BJ’s Restaurants’ extensive menu, including its signature deep-dish pizza, award-winning hand-crafted beer and the famous Pizookie dessert. In addition, BJ’s unique contemporary décor creates an ideal environment for dining.
In fact, this new outlet marks the brand’s second restaurant in the state of Alabama. Notably, the company has opened three new restaurants year to date and is slated to open another outlet this month in Fort Wayne, IN.
Currently, the company operates 190 casual dining restaurants across 24 states in the U.S., under its brand names – BJ’s Restaurant & Brewhouse, BJ’s Restaurant & Brewery, BJ’s Pizza & Grill and BJ’s Grill.
However, BJ’s Restaurants loses out in terms of international presence. While several other restaurateurs including Yum! Brands, Inc. (YUM - Free Report) , McDonalds Corporation (MCD - Free Report) and Papa John’s International, Inc. (PZZA - Free Report) are capitalizing on the emerging market potential, BJ’s Restaurants seems to be weak on this front. Moreover, weakening consumer spending in the restaurant space, might hamper the company’s traffic and sales.
Nevertheless, going forward, the four strategic sales-building initiatives undertaken by the company are likely to boost sales. A deep pipeline of new menu items, loyalty program enhancements and other productivity initiatives are also expected to drive performance further. Additionally, the company’s Project Q initiatives have led to strong margins in the past few quarters and should continue doing so.
Shares of the company have outperformed the Zacks categorized Retail-Restaurants industry in the past six months. While the industry gained nearly 4.3%, the company’s stock returned 12.8%.
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
BJ's Restaurants (BJRI) Opens its Latest Outlet in Alabama
BJ’s Restaurants, Inc. (BJRI - Free Report) announced the opening of its latest restaurant in Mobile, AL, on Apr 3. This 7,500 square feet restaurant is located at 3748 Airport Boulevard and can accommodate nearly 230 guests.
The outlet features BJ’s Restaurants’ extensive menu, including its signature deep-dish pizza, award-winning hand-crafted beer and the famous Pizookie dessert. In addition, BJ’s unique contemporary décor creates an ideal environment for dining.
In fact, this new outlet marks the brand’s second restaurant in the state of Alabama. Notably, the company has opened three new restaurants year to date and is slated to open another outlet this month in Fort Wayne, IN.
Currently, the company operates 190 casual dining restaurants across 24 states in the U.S., under its brand names – BJ’s Restaurant & Brewhouse, BJ’s Restaurant & Brewery, BJ’s Pizza & Grill and BJ’s Grill.
However, BJ’s Restaurants loses out in terms of international presence. While several other restaurateurs including Yum! Brands, Inc. (YUM - Free Report) , McDonalds Corporation (MCD - Free Report) and Papa John’s International, Inc. (PZZA - Free Report) are capitalizing on the emerging market potential, BJ’s Restaurants seems to be weak on this front. Moreover, weakening consumer spending in the restaurant space, might hamper the company’s traffic and sales.
Nevertheless, going forward, the four strategic sales-building initiatives undertaken by the company are likely to boost sales. A deep pipeline of new menu items, loyalty program enhancements and other productivity initiatives are also expected to drive performance further. Additionally, the company’s Project Q initiatives have led to strong margins in the past few quarters and should continue doing so.
Shares of the company have outperformed the Zacks categorized Retail-Restaurants industry in the past six months. While the industry gained nearly 4.3%, the company’s stock returned 12.8%.
BJ’s Restaurants currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>