Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
BJ's Restaurants, Inc. (BJRI) - free report >>
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, Inc. (BJRI) - free report >>
Image: Bigstock
BJ's Restaurants (BJRI) Opens Outlet in Lexington, Kentucky
BJ’s Restaurants, Inc. (BJRI - Free Report) opened its new restaurant in Lexington, KY on Jun 27, 2016. The 7,300 square feet restaurant at the Fayette Mallon Nicholasville Road and West Reynolds Road can accommodate 225 guests.
The restaurant features BJ’s extensive menu, including its signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie dessert. Moreover, BJ’s contemporary décor creates the ideal environment for dining. This marks its third restaurant opening in Kentucky following the success of the Louisville and Florence restaurants.
Among the casual dining chains, BJ’s Restaurants is one of the few that have been expanding its footprint aggressively. Given the strengthening U.S. economy and resurging consumer confidence, management has further accelerated unit openings and expects to maintain the trend this year. With capacity growth, BJ’s Restaurants is gaining scale, which will generate cost efficiency.
BJ'S RESTAURANT Price
BJ'S RESTAURANT Price | BJ'S RESTAURANT Quote
Due to lesser food wastage and improved labor productivity, these new restaurants generate higher margins. Given its operational efficiency and launch of new higher return restaurant prototypes, the company’s margins are likely to increase.
The company opened a restaurant in Lancaster, PA on Jun 6, 2016 and in Pensacola, FL in Apr 2016. BJ's Restaurant targets to open 18 to 19 new restaurants this year in the U.S.
BJ's Restaurants currently owns and operates 175 casual dining restaurants under the BJ's Restaurant & Brewery, BJ's Restaurant & Brew house, BJ's Pizza & Grill and BJ’s Grill brand names.
BJ’s Restaurants carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the restaurant industry can also consider Famous Dave's of America Inc. (DAVE - Free Report) , Dave & Buster's Entertainment, Inc. (PLAY - Free Report) , and Carrols Restaurant Group, Inc. . All of them sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>