Market Overview

UPDATE: Jefferies Assumes Buffalo Wild Wings with Hold on Good Development Opportunity

Related BWLD
Stocks Hitting 52-Week Highs
Morgan Stanley: Casual Dining Is Picking Up
Making Money With Charles Payne: 12/9/14 (Fox Business)

In a report published Wednesday, Jefferies analyst Alexander Slagle assumed coverage on Buffalo Wild Wings (NASDAQ: BWLD) with a Hold rating and $87.00 price target.

In the report, Slagle noted, “We like the development opportunity, strong trends at new units & tailwind from easing wing costs in '13 (our analysis suggests more relief than expected). That said, we think much of this is already in the stock and we see risk to consensus from lower SSS & labor deleverage, especially if wing cost reductions are short-lived. Without better visibility on these metrics, we think BWLD trades with the group & rate the stock Hold.”

Buffalo Wild Wings closed on Tuesday at $89.99.

Latest Ratings for BWLD

DateFirmActionFromTo
Nov 2014WunderlichMaintainsBuy
Nov 2014CitigroupMaintainsNeutral
Oct 2014BairdUpgradesNeutralOutperform

View More Analyst Ratings for BWLD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (BWLD)

Around the Web, We're Loving...

Get Benzinga's Newsletters