Buffalo Wild Wings Upgraded To Buy (BWLD, PNRA, CAKE)

Miller Tabak this morning upgraded shares of Buffalo Wild Wings (NASDAQ: BWLD) to "Buy" from "Hold" and raised their price target to $53 from $51.

The reasons for the upgrade is the firm believes BWLD will post solid fourth-quarter earnings, have easy sales comparisons in the first half of 2011, and have a more favorable near-term cost environment.

Shares of Buffalo Wild Wings have been languishing lately, down 7.2% over the last month. Meanwhile, peers Panera (NASDAQ: PNRA) and Cheesecake Factory (NASDAQ: CAKE) are up more than 13% in that time.