BJ’s Restaurants Opens in Cypress, Texas

Rhea-AI Summary

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.

Positive

• Expansion into a new location in Cypress, Texas
• Addition to seven successful existing restaurants in the Houston market
• Large restaurant size of 7,500 square feet with 250-guest seating capacity

Negative

• None.

Insights

Market Research Analyst

The opening of a new BJ's Restaurant & Brewhouse in Cypress, Texas, represents a modest expansion for the company but is unlikely to significantly impact its overall financial performance. With approximately 250 seats and 7,500 square feet of space, this restaurant aligns with BJ's typical format. The location in Cyfair Town Center suggests a strategic placement in a high-traffic area, which could contribute to steady customer flow.

This marks BJ's eighth location in the Houston market, indicating a continued focus on strengthening their presence in established territories rather than aggressive expansion into new markets. The company's approach of opening to the community before the grand opening, with proceeds benefiting their foundation, demonstrates a commitment to local engagement and corporate social responsibility.

For investors, this opening signals business-as-usual growth rather than a game-changing development. It's the final new restaurant for fiscal 2024, suggesting a measured approach to expansion. While positive for maintaining market presence, this single location is unlikely to materially affect BJRI's stock price or financial outlook in the short term.

HUNTINGTON BEACH, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (NASDAQ: BJRI) today announced the opening of its restaurant in Cypress, Texas. The new BJ’s Restaurant & Brewhouse opened yesterday, September 30, 2024, on Northwest Freeway in the Cyfair Town Center. The restaurant is approximately 7,500 square feet, seats approximately 250 guests and features BJ’s extensive menu, including BJ’s signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie^® dessert. BJ’s unique, contemporary décor provides the perfect environment for all dining occasions. Current hours of operation are from 11:00 a.m. to midnight Sunday through Thursday, and 11:00 a.m. to 1:00 a.m. Friday and Saturday.

“We are excited to open our last new restaurant for fiscal 2024 in Cypress, Texas,” commented Brad Richmond, Interim Chief Executive Officer. “Our newest restaurant will join our seven existing and successful restaurants in the Houston, Texas market.”

As with all of our new restaurants, BJ’s opens its doors to the local community prior to our grand opening. During this time, a portion of the proceeds from food and alcohol purchases, as well as any voluntary donations from the local community, are donated to the BJ’s Restaurants Foundation.

About BJ’s Restaurants, Inc.
BJ’s Restaurants, Inc. is a national brand with brewhouse roots where Craft Matters^®. BJ’s broad menu has something for everyone: slow-roasted entrees, like prime rib, BJ’s EnLIGHTened Entrees^® including Cherry Chipotle Glazed Salmon, signature deep-dish pizza and the often imitated, but never replicated world-famous Pizookie^® dessert. The winner of the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants and the most decorated restaurant-brewery in the country, BJ’s has been a pioneer in the craft brewing world since 1996 and takes pride in serving BJ’s award-winning proprietary handcrafted beers, brewed at its brewing operations in four states and by independent third-party craft brewers. The BJ’s experience offers high-quality ingredients, bold flavors, moderate prices, sincere service, and a cool, contemporary atmosphere. Founded in 1978, BJ’s owns and operates over 200 casual dining restaurants in 31 states. All restaurants offer dine-in, take-out, delivery and large party catering. For more BJ’s information, visit http://www.bjsrestaurants.com. 

About BJ’s Restaurants Foundation
BJ’s Restaurants Foundation (the “Foundation”) is a registered 501(c)(3) qualified non-profit charitable organization principally dedicated to supporting charities that benefit children’s healthcare and education, with a primary focus on the Cystic Fibrosis Foundation. In addition, the Foundation supports volunteer efforts of BJ’s team members across the country as they help give back to the communities in which our restaurants do business. 

Forward-Looking Statements Disclaimer
Certain statements in the preceding paragraphs and all other statements that are not purely historical constitute “forward-looking” statements for purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Such statements include, but are not limited to, those regarding expected comparable restaurant sales and margins, total potential domestic capacity, the success of various sales-building and productivity initiatives, future guest traffic trends, on and off-premise sales trends, construction cost savings initiatives and the number and timing of new restaurants expected to be opened in future periods. These “forward-looking” statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those projected or anticipated. Factors that might cause such differences include, but are not limited to: (i) the effect of the COVID-19 pandemic on our restaurant sales and operations, labor and staffing, customer traffic, our supply chain and the ability of our suppliers to continue to timely deliver food and other supplies necessary for the operation of our restaurants, the ability to manage costs and reduce expenditures and the availability of additional financing, (ii) our ability to manage new restaurant openings, (iii) construction delays, (iv) labor shortages, (v) increases in minimum wage and other employment related costs, including compliance with the Patient Protection and Affordable Care Act and minimum salary requirements for exempt team members, (vi) the effect of credit and equity market disruptions on our ability to finance our continued expansion on acceptable terms, (vii) food quality and health concerns and the effect of negative publicity about us, our restaurants, other restaurants, or others across the food supply chain, due to food borne illness or other reasons, whether or not accurate, (viii) factors that impact California, Texas and Florida, where a substantial number of our restaurants are located, (ix) restaurant and brewery industry competition, (x) impact of certain brewing business considerations, including without limitation, dependence upon suppliers, third party contractors and distributors, and related hazards, (xi) consumer spending trends in general for casual dining occasions, (xii) potential uninsured losses and liabilities due to limitations on insurance coverage, (xiii) fluctuating commodity costs and availability of food in general and certain raw materials related to the brewing of our craft beers and energy requirements, (xiv) trademark and service-mark risks, (xv) government regulations and licensing costs, (xvi) beer and liquor regulations, (xvii) loss of key personnel, (xviii) inability to secure acceptable sites, (xix) legal proceedings, (xx) other general economic and regulatory conditions and requirements, (xxi) the success of our key sales-building and related operational initiatives, (xxii) any failure of our information technology or security breaches with respect to our electronic systems and data, and (xxiii) numerous other matters discussed in the Company’s filings with the Securities and Exchange Commission, including its recent reports on Forms 10-K, 10-Q and 8-K. The “forward-looking” statements contained in this press release are based on current assumptions and expectations, and BJ’s Restaurants, Inc. undertakes no obligation to update or alter its “forward-looking” statements whether as a result of new information, future events or otherwise.

For further information, please contact Tom Houdek of BJ’s Restaurants, Inc. at (714) 500-2400 or JCIR at (212) 835-8500 or at bjri@jcir.com.

FAQ

When did BJ's Restaurants open its new location in Cypress, Texas?

BJ's Restaurants opened its new location in Cypress, Texas on September 30, 2024.

What is the size and seating capacity of the new BJ's Restaurant in Cypress, Texas?

The new BJ's Restaurant in Cypress, Texas is approximately 7,500 square feet and seats approximately 250 guests.

What are the operating hours of the new BJ's Restaurant in Cypress, Texas?

The operating hours are 11:00 a.m. to midnight Sunday through Thursday, and 11:00 a.m. to 1:00 a.m. Friday and Saturday.

How many BJ's Restaurants (BJRI) are now in the Houston, Texas market?

With the opening of the Cypress location, BJ's Restaurants now has eight locations in the Houston, Texas market.