Core Viewpoint - BJ's Restaurants (BJRI) is currently positioned as a more attractive investment compared to Chipotle Mexican Grill (CMG) for value investors, based on various financial metrics and earnings outlook [1][3][7]. Valuation Metrics - BJRI has a forward P/E ratio of 26.88, significantly lower than CMG's forward P/E of 51.13, indicating that BJRI may be undervalued relative to CMG [5]. - The PEG ratio for BJRI is 1.92, while CMG's PEG ratio stands at 2.25, suggesting that BJRI offers better value when considering expected earnings growth [5]. - BJRI's P/B ratio is 2.28, compared to CMG's P/B of 23.13, further highlighting BJRI's relative undervaluation [6]. Earnings Outlook - BJRI holds a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook with recent revisions to earnings estimates, while CMG has a Zacks Rank of 3 (Hold) [3][7]. - The solid earnings outlook for BJRI, combined with its favorable valuation metrics, positions it as the superior value option in the current market [7].

Shares of BJ's Restaurants, Inc. (BJRI) have gained 20.2% in the past six months against the industry's 5.5% fall. The company's strategic initiatives that focus on culinary excellence, hospitality, operational efficiency and contemporary remodels have established a strong foundation for future growth. An upward revision in earnings estimates for 2024 reflects analysts' optimism regarding the company's growth potential. In the past 60 days, the Zacks Consensus Estimate for 2024 earnings per share (EPS) has ...

Post this Lagunitas Brewing CompanyLagunitas Brewing Company 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 th ...

Core Insights - BJ's Restaurants has consistently beaten earnings estimates, with an average surprise of 69.63% over the last two quarters [1] - For the last reported quarter, BJ's Restaurants achieved earnings of $0.32 per share, surpassing the Zacks Consensus Estimate of $0.15 per share by 113.33% [2] - The previous quarter also saw a positive surprise, with actual earnings of $0.34 per share against an expected $0.27 per share, resulting in a 25.93% surprise [2] Earnings Estimates and Predictions - Estimates for BJ's Restaurants have been trending higher, supported by its earnings surprise history [3] - The stock has a positive Zacks Earnings ESP of +9.25%, indicating bullish sentiment among analysts regarding the company's earnings prospects [6] - A combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5]

Dreams Come True on June 27 with the $4.99/mo. Pizookie Pass™—a Perfect Way for Guests to Enjoy a Special New Twist on the Beloved S'mores Pizookie® and Eight Other Signature Flavors Graham Cracker S'mores Pizookie® The New Graham Cracker S'mores Pizookie® is even s'more fun this year and will leave fanatics craving one all season long. A Ghirardelli® triple chocolate cookie topped with graham cracker crumbles, gooey perfectly toasted marshmallows, two scoops of rich vanilla bean ice cream, and even more gr ...

BJRI focuses on its culinary strategy and guest satisfaction to drive growth. The company's culinary strategy inclines toward familiarity and quality, resulting in improved operational metrics such as faster service times and higher social sentiment scores compared to the previous year. Initiatives like the gracious hospitality program, including new server scripting, have led to enhanced hospitality scores and laid the groundwork for a newly rolled-out service model. The model optimizes server-to-table rat ...

Industry Overview - The restaurant industry is facing significant challenges as it approaches 2024, including global consumer pressures and increased operational costs, which have impacted the quick-service restaurant sector [1] - Despite these challenges, the industry's resilience and strategic planning indicate a promising future, with a focus on consumer insights and marketing campaigns that connect brands to cultural trends [2] Strategic Approaches - The industry's ability to adapt to changing consumer behaviors and market conditions highlights its resilience, with positive indicators for long-term growth prospects in regions like the Middle East and China [3] - Leading companies such as BJ's Restaurants, The Cheesecake Factory, Brinker International, and Wingstop are implementing strategies to generate profits [4] Company Performance - BJ's Restaurants has seen an increase in earnings estimates, with a focus on refining its menu and expanding its domestic footprint, aiming for over 425 locations [7] - The Cheesecake Factory's growth strategy includes the successful Flower Child restaurants, which reported a 10.2% year-over-year sales increase, supported by operational enhancements [8] - Cheesecake Factory has a 12-month forward P/E ratio of 11.83, significantly lower than the industry's 22.27, indicating better valuation compared to BJRI's 23.55 [9] Comparative Analysis - A comparative analysis shows that Cheesecake Factory has outperformed BJ's Restaurants in share price appreciation and returns to investors, although BJRI has a strong EPS growth rate [10] - The Zacks Consensus Estimate indicates a 65.9% year-over-year rise in BJRI's EPS for 2024, while Cheesecake Factory's EPS is expected to increase by 17.5% [17] Stock Performance - Shares of BJ's Restaurants and Cheesecake Factory have risen 19.2% and 10.1%, respectively, over the past six months, contrasting with a 4.2% decline in the industry [18] - Cheesecake Factory's return on equity stands at 42.2%, outperforming BJ's Restaurants and the industry averages of 6.5% and 4.8% [23] Future Outlook - Wingstop is expanding its delivery channels and focusing on technological advancements to drive growth, while Brinker is enhancing its menu pricing and marketing strategies [11][12] - The restaurant and food service industry is projected to exceed $1 trillion in sales for the first time in 2024, with an expected addition of 200,000 jobs, bringing total employment to 15.7 million [15]

Core Viewpoint - Investors in BJ's Restaurants, Inc. (BJRI) should closely monitor the stock due to significant implied volatility in the options market, particularly the Jul 19, 2024 $20 Put option, which indicates expectations of a substantial price movement [1]. Company Analysis - BJ's Restaurants is currently rated as Zacks Rank 3 (Hold) within the Retail - Restaurants industry, which is positioned in the bottom 35% of the Zacks Industry Rank [3]. - Over the past 30 days, no analysts have raised their earnings estimates for the current quarter, while five analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from 51 cents per share to 49 cents [3]. Options Market Insights - The high implied volatility surrounding BJ's Restaurants suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to either a rally or a sell-off [2][4]. - Seasoned options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4].

Company Overview - BJ's Restaurants, Inc. is a national brand with a focus on craft brewing and a diverse menu that includes slow-roasted entrees, signature deep-dish pizza, and the famous Pizookie® dessert [3] - The company has been recognized for its beverage program, winning the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants [3] - Founded in 1978, BJ's operates over 200 casual dining restaurants across 31 states, offering dine-in, take-out, delivery, and catering services [3] Upcoming Events - Management will participate in a fireside chat at the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 11, 2024, at approximately 1:30 p.m. (Eastern) [1] - BJ's Management will also engage with institutional investors during this event [1] Investor Relations - A live webcast of the presentation will be available on the company's "Investors" page, with a replay archived for later access [2]

Core Insights - BJ's Restaurants, Inc. (BJRI) has experienced a 16.3% increase in its shares over the past six months, outperforming the stagnant growth of the industry due to menu innovation, expansion initiatives, remodeling projects, and strong digitalization efforts [1] Financial Performance - The company reported first-quarter fiscal 2024 results, with both earnings and revenues exceeding the Zacks Consensus Estimate, reflecting a positive trajectory in its business [2] - Comparable restaurant sales decreased by 1.7% year over year during the fiscal first quarter, contrasting with a 9% increase in the prior-year quarter [9] Growth Drivers - BJRI's focus on refining its menu, including daily Brewhouse Specials, has been a key driver for improved customer traffic [4] - The company opened one new restaurant in Brookfield, WI, during the first quarter of fiscal 2024 and plans to open three additional restaurants in the fiscal year, aiming for over 425 locations domestically [6] - BJRI has completed 13 remodels year to date and expects to initiate 10 more in fiscal 2024 to drive sales and foot traffic [7] - The company is investing in technology-driven initiatives, such as digital ordering and promotions, to enhance customer engagement and sales [8] Challenges - Increased marketing spend and commodity inflation are concerns for the company, with management anticipating negative comparable sales for the fiscal second quarter [3][11] - Adverse weather conditions at the beginning of the quarter negatively impacted sales trends, leading to a decline in comparable restaurant traffic of approximately 9% in January [9] - Inflation has affected operations and new restaurant development, prompting management to raise menu prices and implement cost-saving measures to mitigate these pressures [10]