Market Overview

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

Share:
Related BJRI
Stifel Runs Through BJ's Restaurants' Earnings
BJ's Restaurants Shares Slide After Q1 Results

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
Apr 2015BarclaysMaintainsUnderweight
Apr 2015Guggenheim SecuritiesInitiates Coverage onBuy
Mar 2015Tigress FinancialInitiates Coverage onUnderperform

View More Analyst Ratings for BJRI
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (BJRI)

Around the Web, We're Loving...

Get Benzinga's Newsletters