Feltl Raises Estimates on Buffalo Wild Wings

According to a research report published today, Feltl and Company is raising its estimates on Buffalo Wild Wings Inc.

for higher same-store sales. Feltl and Company commented in the report, “We are raising our 2012 revenue estimates for the strong 1Q:12 same-store sales and expectations the sales momentum will continue. We are raising our 2012 revenue estimate to $1,034.6mm from $980.4mm. We raised our same-store sales estimates to 5.1% and 4.5% at company operated and franchised restaurants, respectively, from 1.4% and 1.0%. We think the company will leverage the strong sales and are raising our 2012 EPS estimate to $3.28 from $3.11. We note that we lowered our tax rate expectation which boosted EPS by $0.08. Our 2012 net income growth of 23% compares to management's guidance of 20%.” Feltl and Company maintains its Sell rating on Buffalo Wild Wings, which closed yesterday at $70.19.