Wedbush Maintains Neutral Rating and $45 PT on BJ's Restaurants

A report from Wedbush reiterates its Neutral rating and $45 price target on BJ's Restaurants BJRI. The report states, “Our Q4 checks to-date and our peek into 2012 SSS drivers indicate that SSS expectations could prove conservative, decreasing the risk of a narrowing of BJ's valuation premium relative to growth peers. Q4 checks indicate SSS trending at least in line with expectations.” BJRI closed yesterday at $45.81.