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Non-Tech
BJ's Restaurants Inc.
An SI Board Since September 1997
Posts SubjectMarks Bans Symbol
865 7 0 BJRI
Emcee:  Wowzer Type:  Unmoderated
"Chicago Pizza & Brewery, Inc. (CHGO) owns eight restaurants in Southern California, one in Boulder, Colorado and one in Lahaina, Hawaii, which operate under either the names ``BJ's Pizza & Grill'' or ``BJ's Pizza, Grill & Brewery.'' The company also owns 18 Pietro's Pizza locations in Oregon and Washington, three of which have been converted to the popular, upgraded BJ's Pizza restaurant format, while the other fifteen await conversion within the next year. BJ's restaurants offer customers moderate prices and tremendous value on an incredible menu that includes deep-dish, Chicago-style pizza as well as sandwiches, salads, fabulous desserts, critically-acclaimed hand-crafted beers and more."

I can vouch for their product which is very good and the restaurants always seem to be packed. The company went public in November, 1996, at $5 per share primarily to finance the acquisition and conversion of the Pietro's Pizza locations. Everything was going fine until the March time frame when the stock took a nose dive to the $2 level. The cause was the bankruptcy of their market maker and underwriter "Boston Group". Fundamentally nothing has changed within the company and if anything it is getting stronger. The bankruptcy of Boston Group and lack of liquidity for their shares has caused the steep decline.

Fundamental Data: (000)

6/30/97 6/30/96

6 month sales $12,425 $8,308
Deprecation 334 327
Net Loss (54) (1,054)

Balance Sheet

Cash 3,715 5,486
Debt and Capital leases 3,603 3,961
Total Equity 12,064 12,123

Total outstanding shares 6,408,000 market cap *1 11/16 = $10,813

In summary they have a strong balance sheet, excellent growth prospects, no analysts coverage, small float, stock price under book, price to sales under 50%, 30% own by insiders, no further stock dilution imminent and recent decline in stock appears to have nothing to with company. This appears to be an outstanding investment! Any comments?

Sources:

bjsbrewhouse.com
sec.gov

Recent News Releases:

quote.yahoo.com
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865finance.yahoo.com From 1999 to current... Savant-1/3/2016
864Despite today's rally, think restaurant stocks, including BJRI, are going toTom Caruthers-2/7/2008
863I had a chance to eat in a BJs in Ranch Cucamonga tonight, and the meal fully meRobert T. Quasius-10/12/2006
862Following up on the amt I sold some cci picked up at 2 on today's spike up John Anderfuren-9/3/2002
861Hi, John, I think...I'm going to reread your post a few times. Good to hearSG-8/22/2002
860I was off the threads when I had active nasd 7 & 63 licenses. Those terminJohn Anderfuren-8/22/2002
859Congrats to the BJ boyz!! Best, SavantSavant-7/23/2002
858Chicago Pizza & Brewery Inc. Announces Nasdaq National Market Listing <iriposte-7/23/2002
857Looks 'like buy the rumor, sell the fact' activity, to me. S.Savant-7/8/2002
856Doesn't look like the interview with Paul Motenko affected the stock all thaRobert T. Quasius-7/8/2002
855pda.bloomberg.com Look at 10.38 eastern timeLhn5-7/8/2002
854CHGO being added to the Russel 3000 Index. Might help explain some of the recentRobert T. Quasius-7/8/2002
853CHGO Nasdaq Scap,Nasdaq National, here we come, maybe even before Nasdaq, itselfSavant-7/1/2002
852Hey John, I didn't know you were still on SI! I used to read your warrant thSG-6/30/2002
851I think we have some fund managers adding. Chgo is still lagging Cal Pizza KitcJohn Anderfuren-6/30/2002
850CHGO sets yet another all-time high today....great to see it....stock leader-6/19/2002
849CHGO another all-time high and a short lynching to boot....gotta love that!stock leader-5/17/2002
848nice continued movement....all-time high set yet again...very impressivestock leader-4/10/2002
847yea, amazing ---a small restaurant with scads of money and no debt...CHGO could stock leader-4/9/2002
846Yes, CHGOW warrants were very good to me. I did buy some CHGO; let's see howSG-4/9/2002
845finally those warrants have hit paydirt! who would have thought in 1997 that listock leader-4/9/2002
844Sorry if my comment mislead you. I get a little pun-chy late at night. Ooops. ISG-4/4/2002
843Good point. That is what I get for blind posting. I know SG from the stock warraJason Flora-4/3/2002
842Robert might have been referring to dilution from further funding at lower than Savant-4/1/2002
841They are hardly escaping the dilution - the vast majority of warrants will likelJason Flora-4/1/2002
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