Buffalo Wild Wings Analyst Roundup
Despite beating the consensus estimates in its second quarter and hitting an all-time high on Tuesday, shares of Buffalo Wild Wings (NASDAQ: BWLD) closed down more than 13 percent Wednesday.
Following the Buffalo Wild Wings release, a number of analysts published reports that provide some insight as to why the stock is down, as well as their outlook on the company.
Wells Fargo - Outperform, $175-180 valuation range
The Wells Fargo analysts explained that, despite the company posting a solid beat to same-store sales vs. the consensus, their last-minute third-part channel checks suggested the Street was actually looking for as high as 10 percent same-store sales growth. This inflated growth rate was attributed primarily to boosts from the World Cup.
UBS - Buy, $180 price target
The team at UBS noted, "Amid concerns of a World Cup hangover, Buffalo Wild Wings maintains more top line catalysts than most, including day part expansion, digital rollout, menu innovation and catering expansion, and an enhanced and highly effective marketing approach."
Raymond James - Market Perform
The Raymond James analysts began, "We reiterate our Market Perform rating as we expect the stock to remain range-bound as investors digest a more muted earnings growth outlook and as the company laps more difficult sales comparisons in the quarters ahead." They added, "The stock is fairly valued at current levels and reflects the company's continued solid comp outperformance."
Latest Ratings for BWLD
|Nov 2015||KeyBanc||Upgrades||Sector Weight||Overweight|
|Oct 2015||Morgan Stanley||Maintains||Equal-weight|
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