Olympiad Research LP Buys Shares of 14,399 BJ's Restaurants, Inc. (NASDAQ:BJRI)

Olympiad Research LP acquired a new position in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,399 shares of the restaurant operator's stock, valued at approximately $469,000. Olympiad Research LP owned about 0.06% of BJ's Restaurants as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BJRI. Meeder Asset Management Inc. bought a new position in BJ's Restaurants in the second quarter valued at $40,000. EntryPoint Capital LLC bought a new stake in shares of BJ's Restaurants during the 1st quarter valued at about $45,000. US Bancorp DE grew its holdings in shares of BJ's Restaurants by 142.9% during the 3rd quarter. US Bancorp DE now owns 1,540 shares of the restaurant operator's stock worth $50,000 after acquiring an additional 906 shares during the period. 1620 Investment Advisors Inc. purchased a new position in BJ's Restaurants during the second quarter valued at $57,000. Finally, Headlands Technologies LLC grew its position in shares of BJ's Restaurants by 247.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,864 shares of the restaurant operator's stock worth $65,000 after buying an additional 1,328 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wedbush reissued an "outperform" rating and issued a $43.00 price target on shares of BJ's Restaurants in a research report on Friday, November 1st. Piper Sandler lifted their target price on shares of BJ's Restaurants from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Monday. Benchmark cut shares of BJ's Restaurants from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, Barclays lowered their price objective on BJ's Restaurants from $35.00 to $32.00 and set an "underweight" rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, BJ's Restaurants presently has an average rating of "Hold" and an average price target of $38.57.

BJ's Restaurants Price Performance

Shares of BJ's Restaurants stock traded down $0.88 during trading hours on Thursday, reaching $35.70. The company's stock had a trading volume of 253,709 shares, compared to its average volume of 389,481. The stock has a market cap of $834.67 million, a P/E ratio of 29.04, a P/E/G ratio of 1.84 and a beta of 2.10. BJ's Restaurants, Inc. has a one year low of $26.25 and a one year high of $38.87. The firm has a 50 day moving average price of $33.04 and a 200-day moving average price of $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 - Get Free Report) last released its earnings results on Thursday, October 31st. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $325.70 million for the quarter, compared to the consensus estimate of $324.97 million. BJ's Restaurants had a return on equity of 7.98% and a net margin of 2.24%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. On average, analysts predict that BJ's Restaurants, Inc. will post 1.3 EPS for the current year.

Insider Buying and Selling at BJ's Restaurants

In related news, CEO C Bradford Richmond acquired 2,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $29.40 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,905 shares in the company, valued at $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 can be accessed through the SEC website. 4.90% of the stock is owned by insiders.

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.