Olympiad Research LP Invests $469,000 in BJ’s Restaurants, Inc. (NASDAQ:BJRI)

Olympiad Research LP purchased a new stake in shares of BJ’s Restaurants, Inc. (NASDAQ:BJRI) during the 3rd quarter, Holdings Channel reports. The fund purchased 14,399 shares of the restaurant operator’s stock, valued at approximately $469,000.

A number of other institutional investors have also added to or reduced their stakes in BJRI. Louisiana State Employees Retirement System increased its holdings in shares of BJ’s Restaurants by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $409,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in BJ’s Restaurants by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,337 shares of the restaurant operator’s stock worth $736,000 after purchasing an additional 390 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in shares of BJ’s Restaurants by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 29,089 shares of the restaurant operator’s stock worth $1,009,000 after purchasing an additional 780 shares during the last quarter. US Bancorp DE raised its stake in shares of BJ’s Restaurants by 142.9% during the third quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 906 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in BJ’s Restaurants by 5.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,021 shares of the restaurant operator’s stock valued at $689,000 after acquiring an additional 936 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BJRI. Wedbush reiterated an “outperform” rating and issued a $43.00 price objective on shares of BJ’s Restaurants in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of BJ’s Restaurants from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday. Barclays dropped their price objective on shares of BJ’s Restaurants from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Finally, Benchmark lowered BJ’s Restaurants from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, BJ’s Restaurants has a consensus rating of “Hold” and an average price target of $38.57.

Insider Activity

In other news, CEO C Bradford Richmond acquired 2,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $29.40 per share, for a total transaction of $73,500.00. Following the purchase, the chief executive officer now owns 16,905 shares of the company’s stock, valued at approximately $497,007. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.90% of the company’s stock.

BJ’s Restaurants Stock Up 6.5 %

BJRI opened at $36.58 on Thursday. BJ’s Restaurants, Inc. has a fifty-two week low of $26.25 and a fifty-two week high of $38.87. The firm has a market capitalization of $855.24 million, a P/E ratio of 29.26, a PEG ratio of 1.75 and a beta of 2.10. The company’s 50-day moving average is $33.04 and its 200 day moving average is $33.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.27.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). BJ’s Restaurants had a net margin of 2.24% and a return on equity of 7.98%. The business had revenue of $325.70 million during the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Research analysts expect that BJ’s Restaurants, Inc. will post 1.39 earnings per share for the current fiscal year.

BJ’s Restaurants 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.