Olympiad Research LP lessened its holdings in BJ's Restaurants, Inc. (NASDAQ:BJRI - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quarry LP raised its holdings in BJ's Restaurants by 764.9% in the 3rd quarter. Quarry LP now owns 813 shares of the restaurant operator's stock valued at $26,000 after buying an additional 719 shares during the last quarter. US Bancorp DE raised its holdings in 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 purchasing an additional 906 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of BJ's Restaurants in the 3rd quarter worth approximately $216,000. Capstone Investment Advisors LLC acquired a new position in shares of BJ's Restaurants in the 3rd quarter worth approximately $219,000. Finally, BNP Paribas Financial Markets lifted its position in shares of BJ's Restaurants by 11.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,760 shares of the restaurant operator's stock worth $220,000 after purchasing an additional 693 shares during the period. Institutional investors own 99.95% of the company's stock.
A number of research analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of BJ's Restaurants from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday. 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 research report on Friday. Gordon Haskett upgraded shares of BJ's Restaurants from an "underperform" rating to a "hold" rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Oppenheimer downgraded shares of BJ's Restaurants from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on shares of BJ's Restaurants from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.40.
Get Our Latest Stock Report on BJRI
BJ's Restaurants stock opened at $38.09 on Monday. The company has a market capitalization of $869.10 million, a PE ratio of 56.01, a PEG ratio of 1.73 and a beta of 2.11. The firm's fifty day moving average is $35.57 and its 200 day moving average is $34.23. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.18. BJ's Restaurants, Inc. has a 12-month low of $27.61 and a 12-month high of $41.72.
BJ's Restaurants (NASDAQ:BJRI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. The business had revenue of $344.34 million during the quarter, compared to analyst estimates of $336.48 million. BJ's Restaurants had a net margin of 1.23% and a return on equity of 8.70%. As a group, sell-side analysts predict that BJ's Restaurants, Inc. will post 1.47 EPS for the current fiscal year.
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.
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