Bjs Restaurant Stock Price, News & Analysis

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of its new restaurant in Lansing, Michigan, on June 1, 2021. This establishment, located at Eastwood Towne Center, spans approximately 7,500 square feet and accommodates about 250 guests. The venue features BJ's extensive menu, including signature deep-dish pizza and award-winning handcrafted beer. CEO Greg Trojan expressed enthusiasm for expanding in Michigan, highlighting the state's support for BJ’s. The restaurant had a soft opening with community members, aimed at benefiting the Cystic Fibrosis Foundation.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a virtual format for its 2021 Annual Meeting of Shareholders, scheduled for June 9, 2021, at 9:00 a.m. PDT. This decision was made due to ongoing COVID-19 concerns, preventing physical attendance except for select executives. Shareholders of record as of April 13, 2021, can participate via a provided website using a control number. Voting can also occur in advance through multiple methods outlined in the proxy materials. Currently, 210 of BJ’s 211 restaurants are operating under health guidelines, with one location temporarily closed.

BJ's Restaurants, Inc. (NASDAQ: BJRI) has introduced a new dessert called BJ's Monster Pizookie made with M&M'S® Minis, available from April 29, 2021. This new flavor features a warm cookie packed with peanut butter, oats, and chocolate, topped with vanilla bean ice cream and M&M'S® Minis. The launch comes after a year without new Pizookie® flavors and aims to entice customers to celebrate with friends and family. This addition complements BJ's existing lineup of Pizookie® options while being part of the ongoing $3 Pizookie® Daily Brewhouse Special.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) has opened a new restaurant in Merrillville, Indiana, on April 26, 2021, marking its first establishment in northwest Indiana. The restaurant, located in Merrillville Plaza, can accommodate approximately 250 guests and showcases BJ’s full menu, including its famous deep-dish pizza and award-winning handcrafted beer. CEO Greg Trojan expressed excitement about the new location and mentioned plans for another restaurant opening in Lansing, Michigan, in June. The soft opening included community engagement and donations to the Cystic Fibrosis Foundation.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced its Q1 2021 results, with total revenues decreasing by 12.3% to $223.3 million. Comparable restaurant sales fell 13.0%, but the net loss narrowed to $3.1 million from $4.3 million in Q1 2020. Adjusted EBITDA was $12.7 million, down from $15.1 million. The company noted improving sales trends, with March weekly averages rising to $97,300 and April to $102,500. BJ’s plans to expand its restaurant pipeline, indicating confidence in future growth despite pandemic-related challenges.

BJ's Restaurants, Inc. (NASDAQ: BJRI) plans to release its first quarter 2021 financial results on April 22, 2021, after market close. An investor conference call will take place at 2:00 p.m. Pacific Time on the same day, broadcast live on the company's website. BJ's operates 210 casual dining restaurants across 29 states, offering a diverse menu and award-winning handcrafted beers. Currently, one restaurant is temporarily closed due to COVID-19, while the others serve limited capacity dine-in and takeout services, following health protocols.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported a net loss of $18.1 million for Q4 2020, compared to net income of $14.5 million in Q4 2019. Total revenues fell 32.3% to $197.0 million, with comparable restaurant sales also declining 32.3%. For the fiscal year, revenues decreased 33.0% to $778.5 million, leading to a net loss of $57.9 million versus net income of $45.2 million in 2019. Despite challenges, recent sales trends in January 2021 show improvement after capacity restrictions were eased.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a successful $30 million sale of common stock through its at-the-market offering program, an increase of $5 million from the previous offering. The company plans to allocate the net proceeds for working capital, corporate purposes, capital expenditures, and new restaurant expansion. Currently, BJ’s operates 210 restaurants across 29 states, with varying service capabilities due to the COVID-19 pandemic.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a prospectus supplement to offer shares worth up to $25 million through an "at-the-market" equity offering program. Proceeds will support working capital, capital expenditures, and restaurant expansion while enhancing the balance sheet. Shares will be sold via J.P. Morgan Securities LLC at market prices or through negotiated transactions. The prospectus provides essential details on the ATM Program and associated risks, including those linked to the COVID-19 pandemic. Investors can access documents on the SEC’s website.