BJ's Restaurants Inc at Oppenheimer Consumer Growth and E-Commerce Conference (Virtual) Transcript
Good afternoon, everybody. I'm Brian Bittner, the restaurant analyst at Oppenheimer. And again, thank you for joining our 2023 Consumer Conference. We are thrilled to have welcomed BJ's Restaurants back to the conference.
At Oppenheimer, we have an outperform rating on BJRI in the $40 price target on the stock. BJ's is uniquely positioned as a polished casual diner with about 216 restaurants in 29 states, I think 30 now. With a long-term opportunity to more than double the footprint, the business enjoys industry-leading average unit volumes over 6 million with a broad diversified menu that presents a strong price value equation to the consumer.
We, at Oppenheimer, believe the market continues to underappreciate the future earnings power of the company as the management team works to build sales, expand margins, and scale the footprint. I'm very pleased to be joined by BJ's Chief Executive Officer, Greg Levin. Greg's been with BJ's for nearly 18 years joining as CFO in 2005 before becoming President in 2018, and ultimately, CEO in 2021.
And
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