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

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BJ's Restaurants' Shareholders Approve Performance Incentive Plan

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
Jun 2016Tigress FinancialUpgradesBuy
Jun 2016Tigress FinancialUpgradesNeutralBuy
Feb 2016WedbushMaintainsOutperform

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Posted-In: WedbushAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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