#5 - BJ’s Restaurants, Inc. (NASDAQ:BJRI)
BJ’s Restaurants, Inc. (NASDAQ: BJRI) - Despite the up-and-down movement in the market, 2018 was a great year for the restaurant industry. Many companies delivered strong earnings and BJ’s Restaurants is a good example. BJRI is becoming the apple of value investors’ eye, and it’s not hard to see why. The company saw stock growth of 53% for the year, and one of the primary reasons for that is an increase in foot traffic that saw same-store sales go from a negative -1.4% to a positive 4.9%. The company operates both regular restaurants (called BJ's Restaurant & Brewhouse) and specialty restaurants that include breweries (BJ's Restaurant & Brewery). The company is not just competing, but thriving, in the tough casual dining segment. To help illustrate this, the company beat analysts' expectations for a top and bottom line growth in the third quarter. Moving into 2019, the company has said it will not be opening as many new stores, but will instead be focused on improving operations at their current locations including the potential to deliver innovative new menu items.
About BJ's Restaurants
BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.
Read More - Current Price
- $34.52
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $38.57 (11.7% Upside)
