BJ's Restaurants Seeks Growth

Thu. November 13, 2008; Posted: 07:10 AM

Nov 13, 2008 (Zacks Investment Research via COMTEX) -- BJRI | Quote | Chart | News | PowerRating -- BJ's Restaurants, Inc. (BJ) has grown rapidly with its unique concept and high-quality food offered at various price points, while maintaining some of the best unit economics in the industry. Despite the tough macro environment, the chain's current comps are outperforming its peer group. In turn, we think it is well positioned to achieve 20%+ EPS growth over the next several years by growing capacity at 20% long-term and generating 3% same-store sales growth. However, trading in line with its growth rate (16x 2009E), we believe BJ's Restaurants shares are fairly priced given the uncertainty in the direction of the economy and commodity prices. If the current economic downturn is more protracted or severe than expected, our EPS estimates could prove aggressive. Conversely, if the recent commodity pullback continues, BJRI could outperform.Read the full analyst report on BJ.

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For full details on BJ's Restaurants Inc (BJRI) click here. BJ's Restaurants Inc (BJRI) has Short Term PowerRatings of 5. Details on BJ's Restaurants Inc (BJRI) Short Term PowerRatings is available at This Link.

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