BJ’s Restaurant shares no longer cheap-Barron’s

NEW YORK, April 25 (BestGrowthStock) – Shares of BJ’s Restaurants
(BJRI.O: ) are no longer cheap, having discounted growth far out
into the future, Barron’s reported in its April 26 edition.

Currently the company’s stock trades at a valuation double
its peers, although its expected growth is only 50 percent
higher, Barron’s reported in its column “The Trader.”

The stock commands a price-to-earnings ratio of 41 times
earnings per share estimates for this year. Rival stocks trade
at about 20 times.

BJ’s countered that it continues to gain market share and
has been a comparable sales leader in casual dining for the
past five years, Barron’s said. The company sees room for at
least 300 restaurants in the United States.

Barron’s noted that there is a large short position in the
stock, therefore a short squeeze is possible, which could raise
shares temporarily.
(Reporting by Deepa Seetharaman; Editing by Bernard Orr)

BJ’s Restaurant shares no longer cheap-Barron’s