Welcome to our dedicated page for BJ's Restaurants news (Ticker: BJRI), a resource for investors and traders seeking the latest updates and insights on BJ's Restaurants stock.
BJ's Restaurants, Inc. (NASDAQ: BJRI) is a renowned chain of casual dining restaurants primarily located in the United States. Founded in 1978, BJ's has grown to own and operate over 200 restaurants in 30 states, offering a diverse and innovative menu that appeals to a wide range of tastes.
The company’s menu features a unique blend of Southern California flair with Chicago-style deep-dish pizza, complemented by their award-winning handcrafted beers brewed both in their own facilities and by independent third-party brewers. Notable items include their slow-roasted entrees like prime rib, the EnLIGHTened Entrees® such as Cherry Chipotle Glazed Salmon, and their world-famous dessert, the Pizookie®.
BJ's Restaurants takes pride in their community involvement and social responsibility. Recently, they partnered with Hav A Sole to donate shoes to children in need across the country, underscoring their commitment to making a positive impact beyond their dining rooms. This collaboration aims to provide necessary footwear to underprivileged kids and foster a sense of hope and community.
Financially, BJ's has continued to show resilience and growth. They have invested significantly in enhancing their beverage program, which led to them receiving the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants. Their efforts in beverage innovation have resulted in an 8% increase in beverage sales in 2023, outperforming targeted competitors in the Beverage – Alcohol Sentiment category.
For investors, BJ's financial health is bolstered by their strategic capital expenditures and share repurchase programs. They also provide detailed reconciliations of GAAP financial measures to non-GAAP adjusted financial measures, including Adjusted EBITDA, which offers a clearer picture of their operating performance.
Whether you are looking for a casual dining experience with a touch of craft excellence or an investment opportunity in a growing and socially responsible company, BJ's Restaurants, Inc. offers a compelling proposition.
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.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported preliminary results for Q4 2020, highlighting a total revenue of $197 million and a comparable restaurant sales decline of 32.3%. Despite challenges from COVID-19 restrictions, weekly sales averaged $70,000 by January 19, 2021, with off-premise sales exceeding pre-pandemic levels. The company anticipates an operating loss of $18-$20 million, including impairment charges between $2.5-$4.5 million. Positive cash flow is expected as restrictions ease, with plans for growth and expansion into new markets.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced participation in the 2020 Stephens Annual Investment Conference on November 18, 2020, at 11:00 a.m. (Eastern). The management will also engage in virtual meetings with institutional investors. Investors can access a live webcast of the discussion on the company’s Investors page, with a replay available afterward. Established in 1978, BJ’s operates 210 casual dining restaurants across 29 states, offering a diverse menu and various dining options. Currently, one restaurant remains temporarily closed due to COVID-19, while others have limited dine-in services.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the appointment of Bina Chaurasia as an independent director to its Board, effective November 6, 2020. Chaurasia, currently the Chief Administrative Officer and Chief People Officer at Tanium, brings extensive human resources experience from companies like Ericsson and Hewlett-Packard. Her addition increases the board's total members to eleven, signaling a commitment to enhancing BJ’s operational and strategic capabilities as it continues to grow its national presence in casual dining.
BJ's Restaurants introduces the new Brewhouse Homegating Pack for football season, offering fans an at-home tailgating experience. Priced at $64.95, the package includes a large deep dish pizza, family-sized chips & dip, two sharable appetizers, and a choice of a 64-ounce growler of BJ's Handcrafted Signature Beer or a non-alcoholic beverage. Available for take-out or delivery, the offering aims to recreate the excitement of game day in a year of changes. The packs are available daily through BJ's website or app, supporting the return of social connections during football games.
BJ’s Restaurants, Inc. (BJRI) reported a significant 28.6% decrease in total revenues to $198.9 million for Q3 2020 compared to Q3 2019. The company also faced a net loss of $6.6 million, a stark contrast to the $3.7 million net income from the previous year. Despite these challenges, BJ’s experienced a sequential improvement in weekly sales, rising from $60,000 in July to $80,000 per restaurant by September's end. With 87% of dining rooms currently open, the brand aims to expand to at least 425 restaurants in the long term.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of a new restaurant in Orange Village, Ohio, on October 19, 2020. This 7,500 square-foot location can seat approximately 230 guests and features BJ's extensive menu, including deep-dish pizza and handcrafted beer. This marks the company's second and final opening for fiscal 2020, following a strategy delay due to the COVID-19 pandemic. Greg Trojan, CEO, expressed excitement about the opening and the strong pipeline for future restaurants. The restaurant also engaged the community with a soft opening event benefiting the Cystic Fibrosis Foundation.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced it will release its Q3 2020 results on October 22, 2020, after market close. An investor conference call is scheduled for the same day at 2:00 p.m. Pacific Time, accessible via the Company's website. Despite challenges from the COVID-19 pandemic, which has led to temporary closures and limited services at some locations, BJ's continues to operate 208 restaurants across 29 states. The Company's focus on quality dining experiences and proprietary craft beer remains central to its brand.
BJ's Restaurants, Inc. (NASDAQ: BJRI) announces participation of CEO Greg Trojan and CFO Greg Levin in a virtual fireside chat at CL King's 18th Annual Best Ideas Conference on September 16, 2020, at 11:45 a.m. PDT. The management will also conduct virtual meetings with institutional investors. Founded in 1978, BJ's operates 209 casual dining restaurants across 29 states, providing a varied menu including slow-roasted entrees, signature deep dish pizza, and award-winning craft beers. Currently, dine-in service is limited at 208 locations due to the pandemic.
FAQ
What is the current stock price of BJ's Restaurants (BJRI)?
What is the market cap of BJ's Restaurants (BJRI)?
What does BJ's Restaurants, Inc. do?
Where is BJ's Restaurants, Inc. located?
What is BJ's Restaurants, Inc. known for?
What recent community initiatives has BJ's Restaurants, Inc. been involved in?
What awards has BJ's Restaurants, Inc. won recently?
How has BJ's Restaurants, Inc. improved its beverage offerings?
What financial measures does BJ's Restaurants, Inc. use to report performance?
Does BJ's Restaurants, Inc. offer catering services?
When was BJ's Restaurants, Inc. founded?
How can I learn more about BJ's Restaurants, Inc.?
