Buffalo Wild Wings (BWLD): Cutting PT On Expected Guide Down - Wells Fargo

October 24, 2016 8:22 AM EDT
Get Alerts BWLD Hot Sheet
Price: $168.10 -1.52%

Rating Summary:
    18 Buy, 16 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Wells Fargo analyst, Jeff Farmer reiterated his Market Perform rating on shares of Buffalo Wild Wings, Inc. (NASDAQ: BWLD) and cut the valuation range to $147.00 to $156.00 from $160.00 to $165.00.

Barring aggressive cost control efforts and or G&A cuts, the analyst believes BWLD could lower its 2016 EPS guidance in the back drop of accelerating sector SSS declines and a 20% jump in jumbo wing prices since early August. BWLD is scheduled to report Q3 earnings on 10/26 (AMC).

The analyst has modeled:
1) EPS of $1.22 (+22% yr/yr), below the Street at $1.24
2) -2.0% company SSS (same-store sales), below the -1.2% Street estimate.

For an analyst ratings summary and ratings history on Buffalo Wild Wings, Inc. click here. For more ratings news on Buffalo Wild Wings, Inc. click here.

Shares of Buffalo Wild Wings, Inc. closed at $140.30 yesterday.



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