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UPDATE: Wedbush Downgrades BJ's Restaurants to Neutral on Muted Comps and Margin Outlook

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Canaccord Genuity Serves Up Cautious Coverage On 15 Restaurant Names
BJ's Restaurants Initiated At Hold By Canaccord

Wedbush reduced its rating on BJ's Restaurants (NASDAQ: BJRI) from Outperform to Neutral and lowered its price target from $40 to $34.

Wedbush commented, "We believe BJRI's exposure to commodity inflation and healthcare legislation, combined with muted transaction trends that could limit management's ability to offset cost increases through menu pricing, could result in limited margin opportunities, particularly at the unit level, in 2013 and 2014."

BJ's Restaurants closed at $35.28 on Tuesday.

Latest Ratings for BJRI

DateFirmActionFromTo
Aug 2016Canaccord GenuityInitiates Coverage onHold
Jul 2016BarclaysMaintainsUnderweight
Jul 2016Stifel NicolausDowngradesBuySell

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Posted-In: WedbushAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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