BJRI - Why BJ's Restaurant Stock Jumped 13% Today
BJ's Restaurant (NASDAQ: BJRI) shareholders trounced the market on Thursday as their stock jumped 13% by 3 p.m. ET. The restaurant chain's management team presented at an investor conference during which they expressed optimism about demand trends that clashed with Wall Street's worries about new COVID-19 restrictions.
Executives spoke at the Stephens Annual Investment Conference on Thursday morning and fielded questions about the pandemic and the rise of the Omicron variant that has rattled markets over the past week.
BJ's Restaurants noted no slowdown in the strong demand it enjoyed in the fiscal third quarter, implying solid customer traffic at restaurants over the last few days.
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Why BJ's Restaurant Stock Jumped 13% Today