Bjs Restaurant Stock Price, News & Analysis

BJ's Restaurants, Inc. (NASDAQ: BJRI) has announced the opening of its new restaurant in Cypress, Texas. The BJ's Restaurant & Brewhouse opened on September 30, 2024, in the Cyfair Town Center. Key features include:

• Approximately 7,500 square feet in size
• Seating for about 250 guests
• Extensive menu featuring signature deep-dish pizza, handcrafted beer, and Pizookie® dessert
• Contemporary décor suitable for all dining occasions
• Operating hours: 11:00 a.m. to midnight (Sun-Thu), 11:00 a.m. to 1:00 a.m. (Fri-Sat)

This marks the company's last new restaurant opening for fiscal 2024 and joins seven existing locations in the Houston market. As part of their community engagement, BJ's donates a portion of pre-opening proceeds to the BJ's Restaurants Foundation.

BJ's Restaurants, Inc. (NASDAQ: BJRI) has launched a new $13 Pizookie® Meal Deal to combat inflation and provide value to customers. The deal includes a choice of eight brewhouse entrees and a signature personal Pizookie® dessert. Available at BJ's Restaurant & Brewhouse locations nationwide, the offer aims to create an experience that's both affordable and satisfying.

The meal deal features popular entrees such as Italian Chicken Parmigiana Pasta, Classic Cheeseburger, Southern Fried Chicken, and Strawberry Fields Chicken Salad. Customers can also choose from eight Pizookie® flavors for their dessert. The offer is available for dine-in, take-out, and delivery, Monday through Friday, for a time.

BJ's Restaurants, Inc. (Nasdaq: BJRI) has announced the appointment of Lyle D. Tick as President and Chief Concept Officer, effective September 9, 2024. Tick, former Brand President of Buffalo Wild Wings, brings extensive experience in revitalizing iconic brands and driving growth. His background includes leadership roles at On the Border Mexican Grill & Cantina, Buffalo Wild Wings, and Walgreens Boots Alliance.

Interim CEO Brad Richmond and Board Chair Lea Anne S. Ottinger expressed confidence in Tick's ability to enhance BJ's brand relevance, awareness, and financial outcomes. Tick's expertise in consumer goods and spirit brands is expected to bring a fresh perspective to BJ's marketing, innovation, culinary, beverage, and brewing teams.

BJ's Restaurants, Inc. (Nasdaq: BJRI) announced a significant leadership change on August 28, 2024. C. Bradford Richmond, a current Board Director and former CFO of Darden Restaurants, has been appointed Interim Chief Executive Officer. Richmond, who joined the Board in February 2024, brings extensive experience in finance and strategic planning from his tenure at Darden and other restaurant brands.

Concurrently, Gregory S. Levin, the current CEO and President, will step down from his executive positions and the Board. Levin's 19-year tenure saw BJ's expand to 217 restaurants across 31 states. The Board expressed gratitude for his leadership, particularly during recent challenging years in the industry.

This transition aims to enhance BJ's brand awareness, drive operational excellence, and focus on sustainable growth and profitability. The company anticipates that Richmond's leadership will guide BJ's towards improved financial outcomes and long-term shareholder value creation.

BJ's Restaurants, Inc. (NASDAQ: BJRI) has opened a new BJ's Restaurant & Brewhouse in Tracy, California on August 26, 2024. The 7,500 square-foot restaurant, located next to West Valley Mall, seats approximately 250 guests and features BJ's extensive menu, including their signature deep-dish pizza, handcrafted beer, and Pizookie® dessert. This marks the second restaurant opening of the year for BJ's in California.

CEO Greg Levin expressed excitement about the new location in the Central Valley region, noting it's an area where BJ's has some of its highest sales volume restaurants. The company remains on track to open its last restaurant of the year next month in Houston, Texas, with a strong pipeline for 2025 openings. As part of their community engagement, BJ's donates a portion of pre-opening proceeds to the BJ's Restaurants Foundation.

BJ's Restaurants announced its participation in the upcoming Piper Sandler Growth Frontiers Conference on September 10, 2024. The event will take place at the Virgin Hotels Nashville in Tennessee. BJRI management will engage in one-on-one meetings with attendees during the conference.

This participation highlights BJ's Restaurants' commitment to investor relations and provides an opportunity for the company to discuss its growth strategies and market position. The conference serves as a platform for BJRI to connect with industry analysts and potential investors, potentially impacting its stock performance and market visibility.

BJ's Restaurants, Inc. (NASDAQ: BJRI) reported its fiscal 2024 second quarter results, showing a slight 0.1% increase in total revenues to $349.9 million. Despite a 0.6% decline in comparable restaurant sales, net income rose to $17.2 million from $11.9 million year-over-year, with diluted net income per share increasing to $0.72 from $0.50. Adjusted EBITDA improved to $36.1 million, up from $31.8 million in the same quarter last year.

The company saw improved sales trends throughout the quarter, particularly around key celebrations like Mother's Day and Father's Day. Restaurant level operating margins increased by 100 basis points to 15.5%. BJ's remains on track with its expansion plans, having opened one new restaurant in the first half of 2024 and planning two more in the second half. The company also continues its remodel initiative and share repurchase program, having bought back approximately 255,000 shares at a cost of $8.8 million during Q2 2024.

BJ's Restaurants, Inc. (NASDAQ: BJRI) has announced the date for its second quarter 2024 earnings release. The company will disclose its financial results after the market closes on Thursday, July 25, 2024. Following the release, BJ's Restaurants will host an investor conference call at 2:00 p.m. Pacific Time on the same day.

Interested parties can access the conference call via a live broadcast on the Internet. To participate, listeners should visit the "Investors" page of the company's website at http://www.bjsrestaurants.com a few minutes before the call starts to register and download any required audio software. For those unable to attend the live call, an archive of the presentation will be available for 30 days after the event.

BJ's Restaurants (NASDAQ: BJRI) has partnered with Lagunitas Brewing Co. to introduce a new summer beer, Cool Tricks™ IPL. Available exclusively at BJ's locations until mid-August, this India Pale Lager combines the bold flavors of an IPA with the refreshing qualities of a lager. The brew features a new hop variety, Elani, which offers tropical fruit and PEZ candy notes, and a spicy rye malt finish. BJ's R&D Brewmaster Aaron Stueck and Lagunitas' Jeremy Marshall collaborated for four months to perfect this unique beer. To celebrate, BJ's is hosting a social media contest where fans can win prizes by showing their pets' 'cool tricks' and tagging @bjsrestaurants on Instagram or TikTok.