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“Right now the restaurant space is absolutely on fire, especially the small- to mid-cap names that have plenty of room to expand,” Cramer said Friday. “As the economy bounces back, these restaurant stocks are bouncing along with it, right up to their 52-week highs.”
During “Mad Money,” Cramer examined three speculative stocks—Cheesecake Factory , BJ’s Restaurants and Texas Roadhouse —against the metrics that matter most for this space: store growth, operating numbers, market sentiment and valuation.
BJ’s was the clear winner. The company plans to open 12 or 13 new locations in 2011 on top of the 102 it should have by the end of this year. That’s 12-percent store growth, a noticeable jump from the 4.6 percent and 6 percent expected by Cheesecake Factory and Texas Roadhouse, respectively.
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