Wells Fargo Resumes Coverage on BJ's Restaurants (BJRI) at Market Perform

May 11, 2012 7:54 AM EDT
Get Alerts BJRI Hot Sheet
Price: $34.95 -0.71%

Rating Summary:
    5 Buy, 13 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Wells Fargo resumes coverage on BJ's Restaurants (NASDAQ: BJRI) with a Market Perform. PT range $48-50.

Analyst, Jeff Farmer, said, "BJRI is a best-in-class fundamental story, but we are on the sidelines given the stock’s premium valuation and our expectation for decelerating same-store sales (SSS) growth and stable margins in 2012."

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 $45.35 yesterday.

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