BJ's Restaurants Expands in Arkansas - Analyst Blog
29 March 2014 - 5:00AM
Zacks
Casual dining restaurateur, BJ's Restaurants,
Inc. (BJRI) remains committed to expand its footprint in
the U.S. The company recently opened another restaurant in Little
Rock, AR — the second restaurant opening this year. The restaurant,
opened under the company’s popular brand name BJ's Restaurant &
Brewhouse, is spread over an area of 8,500 square feet.
Located in the heart of Shackleford Crossing shopping center, the
restaurant can accommodate 280 guests and serves the popular BJ's
menu including pizzas, beers, appetizers, entrees, pastas,
sandwiches, salads and desserts.
Among the casual dining chains, BJ’s Restaurants is one of the few
that have been expanding amid a sluggishly recovering economy. With
the resurgence of consumer confidence, management accelerated its
unit openings. Earlier, a BJ's Restaurant & Brewhouse outlet
was unveiled in Gainesville, VA. The company plans to open 425
restaurants with the next opening scheduled for mid-April in
Texas.
The Arkansas economy is expected to modestly grow in 2014 and BJ's
Restaurants is seeking to capitalize on the demand. BJ’s
Restaurants plans stay afloat in the highly competitive restaurant
market in the state (particularly in the Little Rock region) with
extensive menu offerings and innovative pricing.
BJ’s Restaurants, which currently carries a Zacks Rank #5 (Strong
Sell), reported disappointing fourth-quarter 2013 adjusted earnings
of 6 cents per share, down 77.7% year over year due to higher cost
and expenses. A shortened holiday shopping season and the impact of
a severe winter, also led to deteriorating comps, which affected
the company’s results. However, we believe the restaurateur will be
able to offset the declining comps with robust expansion
strategies.
Investors interested in the restaurant industry may consider other
better-ranked stocks such as The Wendy's Company
(WEN), Ignite Restaurant Group, Inc. (IRG) and
Buffalo Wild Wings Inc. (BWLD). While Wendy’s and
Ignite Restaurant carry a Zacks Rank #1 (Strong Buy), Buffalo Wild
Wings has a Zacks Rank #2 (Buy).
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
IGNITE RESTRNT (IRG): Free Stock Analysis Report
WENDYS CO/THE (WEN): Free Stock Analysis Report
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