BJ's Restaurants Inc

BJRI remains in Stage 4 Markdown with a clear lower-high/lower-low sequence and price below descending 9/20/50 EMAs. Medium-term bias is bearish, but oversold short-term conditions suggest deferring execution until a bounce into the EMA and resistance zone.

• ↑Q2 revenue $388.9M (+6.4% YoY) with same-store sales +6.5% and traffic +8.3%
• ↑Pazuki meal deal drove 16% of checks, boosting customer engagement
• ↓Q4 average check down ~1.9%, signaling ongoing check trade-down