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BJ's Restaurants (BJRI) Opens its Latest Outlet in Alabama
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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%.
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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.
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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 >>