Olympiad Research LP Sells 8,351 Shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Olympiad Research LP decreased its position in BJ’s Restaurants, Inc. (NASDAQ:BJRI) by 58.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,048 shares of the restaurant operator’s stock after selling 8,351 shares during the quarter. Olympiad Research LP’s holdings in BJ’s Restaurants were worth $212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BJRI. New York State Teachers Retirement System grew its stake in shares of BJ’s Restaurants by 15.0% in the 3rd quarter. New York State Teachers Retirement System now owns 34,097 shares of the restaurant operator’s stock worth $1,110,000 after acquiring an additional 4,440 shares in the last quarter. US Bancorp DE boosted its holdings in shares of BJ’s Restaurants by 142.9% in the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock worth $50,000 after buying an additional 906 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of BJ’s Restaurants by 0.7% in the 3rd quarter. Emerald Advisers LLC now owns 569,221 shares of the restaurant operator’s stock worth $18,534,000 after buying an additional 4,009 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of BJ’s Restaurants in the 3rd quarter worth about $323,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of BJ’s Restaurants by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 73,285 shares of the restaurant operator’s stock worth $2,386,000 after buying an additional 3,426 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BJRI. Barclays boosted their price target on shares of BJ’s Restaurants from $34.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday. Piper Sandler boosted their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Gordon Haskett raised shares of BJ’s Restaurants from an “underperform” rating to a “hold” rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Wedbush upped their price objective on shares of BJ’s Restaurants from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Finally, Oppenheimer downgraded shares of BJ’s Restaurants from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BJ’s Restaurants currently has an average rating of “Hold” and an average price target of $40.40.

BJ’s Restaurants Price Performance

NASDAQ BJRI opened at $38.09 on Monday. The company has a market cap of $869.10 million, a PE ratio of 56.01, a price-to-earnings-growth ratio of 1.73 and a beta of 2.11. BJ’s Restaurants, Inc. has a 52 week low of $27.61 and a 52 week high of $41.72. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $35.57 and its two-hundred day simple moving average is $34.23.

BJ’s Restaurants (NASDAQ:BJRI) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. BJ’s Restaurants had a net margin of 1.23% and a return on equity of 8.70%. The firm had revenue of $344.34 million for the quarter, compared to the consensus estimate of $336.48 million. Research analysts predict that BJ’s Restaurants, Inc. will post 1.47 earnings per share for the current year.

BJ’s Restaurants Company Profile

BJ’s Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts under brand name Pizookie. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ’s Restaurants, Inc in August 2004.