Soaring Wing Prices Lead to Buffalo Wild Downgrade

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Sports bar chain Buffalo Wild Wings
BWLD
dipped sharply Friday on an analyst downgrade over soaring wing prices. Wedbush Securities analyst Nick Setyan rates the chain "neutral," from "outperform," and estimated that the firm likely paid an average wholesale price of $2.04 per pound for those wings over the first quarter. Buffalo Wild's average quarterly price has been $1.39 a pound over the past five years. Shares slipped almost 2.4% midday to....
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