Fund 1 Investments Provides Information to the Shareholders
January 18, 2024 at 05:18 pm EST
Share
On January 18, 2024, Fund 1 Investments, LLC, announced that after its most recent conversations with BJ?s Restaurants, Inc management and subsequent diligence, is unconvinced that a standalone strategy would produce the best results for stockholders generally. Fund 1 Investments also believes that operational challenges, such as bringing the cost structure of the Company more in line with its casual dining peers, have been inadequately addressed despite years of investor attention. As such, Fund 1 Investments believes that now is an opportune time to explore strategic alternatives, and that the Company would be attractive and accretive to multiple viable buyers if the process were well managed.
BJ's Restaurants, Inc. is a casual dining restaurant. The Companyâs restaurants feature a menu with approximately 100 menu items designed to offer various items, including slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as Cherry Chipotle Glazed Salmon, original signature deep-dish pizza, the Pizookie dessert and BJs craft beers. Its craft beer is produced at five in-house brewing facilities and by independent third-party brewers using its recipes. The Company is a national restaurant chain, which owns and operates approximately 200 casual dining restaurants located in 30 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and Washington.
BJ'S RESTAURANTS, INC. 
