Miggie is gone. This co. is in serious trouble. It expanded too quickly and into high priced, urban areas where it doesn't fit. Old Town Pasadena? CEO mysteriously resigns. Severe casual upscale headwind. Soaring food costs, inability to hedge futures effectively. So long.
Nope, not dead or gone. I did sell some shares in the mid 40s, luckily as it turns out now. I was over allocated in BJRI. I have the stock in 3 accounts and my cost basis goes from around 10 to 15 so I have a nice profit from it. Even so, I don't like the price drop at all.
Personally, I think a lot of the decline is attributable to the Obama policies. First of all, ObamaCare costs companies like this a LOT of money. They have to reduce employees hours to stay under the minimum hours per week and then they made the calculation retroactive. The gasoline costs make all their food costs higher. It may well be more than what they think they can pass along in menu price increases, especially in this economy.
We are stuck with this kind of economy because of Obama policies of hostility to business and redistribution of wealth. I'm happy they are still building the company and getting more revenue overall but still the problems persist at no fault of managers.
I would like to see a stock dividend or split to give us a shot in the arm. I asked why they didn't do this at a stockholder meeting a year or so ago and all I got in response was, "Nobody else does it."