I've said this before, but must reiterate: Not an open seat in the house last night folks (Wednesday), around 9:30 pm. Capacity holds around the same as the Cheesecake Factory which is only 5 miles away....wait time has consistently been 30 minutes plus at all major eating times of the day and then some (9:30 at night on a Wed isn't exactly normal dinner eating hours...maybe for you east coast folks, but not in CA). The food is fan-freaking-tastic, and any beer lover can see that their selection is spot on... not even considering the delicious beer that they brew them self. I really don't see what the problem is here. The stock is just breathing a bit...future looks bright at this establishment and they have a long runway ahead for others.
I was also there yeterday (Wednesday) and it was pretty packed for a Wednesday. I prefer BJ's over Cheesecake Factory any day of the week. Cheesecake is only good for their deserts and thats it. I have not stepped foot in Cheesecake for over 2 years now.
I am long BJRI because it has way too much potential to grow.