Buffalo Wild Wings Purchases 41 Restaurants: Here's What Two Analysts Are Saying

Buffalo Wild Wings (NASDAQ: BWLD) on Thursday announced its plan to acquire 41 franchise units across three states for $160 million.Here are what two of Wall Street's top analysts are saying:Sterne Agee CRT: Acquisition Should Be Accretive To EarningsLynne Collier of Sterne Agee CRT commented in a note that the Buffalo Wild Wings transaction could be accretive to its fiscal 2016 earnings by $0.40 or more. The analyst continued that while the success of the transaction ultimately depends on the performance of the acquired store, the transaction was completed at a "reasonable price."Collier also noted that chicken wing prices remain a near-term headwind, Buffalo Wild Wings remains an attractive investment given its high single-digit unit growth, expectation of continued market share gains, strong niche position within casual dining and attractive valuation versus its high-growth peers.Share remain Buy rated with an unchanged $208 price target.Wunderlich: ‘Appetite To Grow,' Awaiting Further ClarityRobert Derrington of Wunderlich commented in a note that Buffalo Wild Wings' transaction will prove accretive to his 2016 and 2017 projections.Derrington commented that the transaction shows the company's "appetite to grow" and could add $190 million to $200 million to company sales in fiscal 2016. Despite his estimates, the analyst is leaving his 2016 earnings per share estimate of $6.84 unchanged pending "better clarity." The company already stated it will be provided during the company's second quarter conference call at the end of July.However, the analyst did state that there is a "strong likelihood" he will revise his earnings per share estimates higher.Shares remain Buy rated with an unchanged $208 price target.