Market Overview

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

Related BWLD
Will Strong Comps Help Starbucks (SBUX) Beat Earnings in Q3?
Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched

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.

Posted-In: JefferiesAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (BWLD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional