Is BJ's Restaurants Stock a Buy?
It's no secret the COVID-19 pandemic created chaos on Wall Street, as investors grapple with the economic fallout. Among the hardest-hit sectors is the restaurant industry. Around the world, restaurants are promoting social distancing by closing dining rooms and shifting to a completely off-premise operating model. But this has caused sales to plummet, and restaurant stocks have been hammered.
Among the worst hit is BJ's Restaurants (NASDAQ: BJRI). As of April 9, its stock is down 65% from 52-week highs. Although it's also worth noting that if you bought shares at the bottom on March 18, you're already up 200%.
Clearly, it was an eventful month for BJ's Restaurants stock. But looking ahead, investors want to know if the shares are a buy right now.
Source Fool.com
