Market Overview

5 Key Things This B-Dubs Analyst Is Watching

Related BWLD
Buffalo Wild Wings Scores On Earnings
As Buffalo Wild Wings Prepares To Report Earnings, New Data Show Cost Of Eating Out Continues To Rise
Sales still in retreat at Buffalo Wild Wings (Seeking Alpha)

In a report published Friday, Wunderlich analysts maintained a Buy rating on Buffalo Wild Wings (NYSE: BWLD), with a price target of $208, saying that the new LTO and Express Lunch could boost same-store sales and improve food costs.

  1. B-dubs launched its new LTO, featuring several new Pork options, and new Express Lunch (EXL) program. The initiative aims at offering options that are "more craveable," a wider range of price points and a more prompt service. "We believe the company's new LTO is also positioned to take advantage of lower pork commodity prices, including its new pork Ribs, sandwiches and appetizers, and in a wider variety of attractively priced choices," the analysts said.
  2. The new LTO features six new items priced from $4.49 to $11.99.
  3. The new Express Lunch menu is "more consumer-friendly in entrée choices (over 2x selections), price points ($5.99- $9.49), and customization," the analysts highlighted.
  4. The revenue, sys-SSS and EPS estimates for 1Q15 are at $454.3mm (Street $453.1mm), 8.2 percent (Street 8.6 percent) and $1.66 (Street $1.63), respectively. Restaurant margin is expected to decline to 19.3 percent in 1Q, from 21.5 percent last year, on account of higher wing prices.
  5. "Given that Jumbo-cut wing prices have not fallen materially since the peak demand of Super Bowl, or following the recent NCAA March Madness tournament, Street EPS estimates for 2Q15 have drifted lower in recent weeks," the report added.

Latest Ratings for BWLD

Sep 2016CitigroupMaintainsNeutral
Aug 2016Canaccord GenuityInitiates Coverage onHold
Aug 2016Longbow ResearchDowngradesNeutralUnderperform

View More Analyst Ratings for BWLD
View the Latest Analyst Ratings

Posted-In: WunderlichAnalyst Color Reiteration Analyst Ratings


Related Articles (BWLD)

View Comments and Join the Discussion!