Sterne Agee Reiterates Buy Rating, $90 PT on Buffalo Wild Wings

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In a report published Friday, Sterne Agee Group reiterated its Buy rating and $90.00 price target on Buffalo Wild Wings (NASDAQ: BWLD).Sterne Agee noted, “BWLD is testing a new menu format by which wings are sold according to weight instead of count. While extremely early in the test, we are encouraged by our checks which point to minimal push-back. If successful over the next 3-4 months, we believe that the new menu format will likely be introduced system-wide in '13, which would positively impact margins. We are maintaining our BUY rating.”Buffalo Wild Wings closed on Thursday at $87.23.

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