BJ's Restaurants (BJRI) Opens Outlet in Lexington, Kentucky
BJ’s Restaurants, Inc. BJRI opened its new restaurant in Lexington, KY on Jun 27, 2016. The 7,300 square feet restaurant at the Fayette Mallon Nicholasville Road and West Reynolds Road can accommodate 225 guests.
The restaurant features BJ’s extensive menu, including its signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie dessert. Moreover, BJ’s contemporary décor creates the ideal environment for dining. This marks its third restaurant opening in Kentucky following the success of the Louisville and Florence restaurants.
Among the casual dining chains, BJ’s Restaurants is one of the few that have been expanding its footprint aggressively. Given the strengthening U.S. economy and resurging consumer confidence, management has further accelerated unit openings and expects to maintain the trend this year. With capacity growth, BJ’s Restaurants is gaining scale, which will generate cost efficiency.
BJ'S RESTAURANT Price
BJ'S RESTAURANT Price | BJ'S RESTAURANT Quote
Due to lesser food wastage and improved labor productivity, these new restaurants generate higher margins. Given its operational efficiency and launch of new higher return restaurant prototypes, the company’s margins are likely to increase.
The company opened a restaurant in Lancaster, PA on Jun 6, 2016 and in Pensacola, FL in Apr 2016. BJ's Restaurant targets to open 18 to 19 new restaurants this year in the U.S.
BJ's Restaurants currently owns and operates 175 casual dining restaurants under the BJ's Restaurant & Brewery, BJ's Restaurant & Brew house, BJ's Pizza & Grill and BJ’s Grill brand names.
BJ’s Restaurants carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the restaurant industry can also consider Famous Dave's of America Inc. DAVE, Dave & Buster's Entertainment, Inc. PLAY, and Carrols Restaurant Group, Inc. TAST. All of them sport a Zacks Rank #1 (Strong Buy).
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