Wedbush Downgrades BJ's Restaurants (BJRI) to Neutral

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Wedbush downgraded BJ's Restaurants (NASDAQ: BJRI) from Outperform to Neutral with a price target of $34.00 (from $40.00).

"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," the firm comments.

For an analyst ratings summary and ratings history on BJ's Restaurants click here. For more ratings news on BJ's Restaurants click here.

Shares of BJ's Restaurants closed at $33.04 yesterday, with a 52 week range of $31.03-$54.46.

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