UPDATE: Wedbush Downgrades BJ's Restaurants to Neutral on Muted Comps and Margin Outlook
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
|Apr 2015||Guggenheim Securities||Initiates Coverage on||Buy|
|Mar 2015||Tigress Financial||Initiates Coverage on||Underperform|
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