Wedbush Downgrades BJ's Restaurants (BJRI) to Underperform

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

Analyst Nick Setyan commented, "Given our expectation for muted SSS growth trends and a declining marginal benefit from ongoing cost initiatives, we believe risk to stubbornly high consensus estimates remains. Therefore, we are lowering our rating to UNDERPERFORM from NEUTRAL"

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 $38.95 yesterday.

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