2024-07-26 15:24:17 ET
Summary
- BJ's Restaurants reported Q2 results with surprisingly good profitability amid weaker industry sales.
- The company's focus on cost cuts and restaurant remodeling has shown signs of success, and the partnership with PW Partners should drive profitability further.
- With BJ's long-term growth ambitions, the stock seems slightly undervalued, but falls within a margin of safety for a Hold rating.
BJ’s Restaurants, Inc. ( BJRI ) operates restaurants in the United States, offering an experience with competitive pricing and an extensive bar offering with several craft beers and other offerings unique to the chain in the restaurant industry. The company reported the company’s Q2 results on Thursday in post-market hours, showing a continuation of the improving profitability trend above Wall Street’s expectations....
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BJ's Restaurants: Q2 Shows Successful Cost-Saving Initiatives