BJ's Restaurant & Brewhouse

Financing

An activist investor is pushing BJ's to sell itself

Pleasant Lake Partners said the chain is underperforming but would make an attractive acquisition target.

Operations

Restaurants will need to tamp down menu price hikes over the next couple years, says BJ's Restaurant CEO

At the Barclays Eat Sleep Play conference, Greg Levin said consumers remember prices from four years ago and have yet to adjust to the higher cost of dining out.

Higher QSR prices could boost the value of sit-down meals, CEO Greg Levin said. But BJ's will still feel some labor inflation.

Customers returned to dining out and operators greeted them with a record number of limited-time offers. The result was a summer of love on restaurant menus.

The 216-unit chain said remodels are helping traffic, and that it now plans to do more of them.

It’s one of a number of efforts to boost speed at the casual-dining chain, including a smaller menu.

One of the industry's biggest menus is getting smaller, but executives said they don't foresee it hurting sales.

Changes such as new chicken wings and more efficient scheduling are expected to add 200 basis points to its margins.

As they look to provide value during a time of high inflation, full-service restaurants are sacrificing some of their highest-margin items: drinks.

The Pizookie Pass sold out within an hour Monday. It will entitle 200 loyalty members to the popular dessert every day of September.

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