Oppenheimer Maintains a 'Perform' on Buffalo Wild Wings (BWLD); Four Reasons Not To Pull The Trigger
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Price: $96.62 +0.50%
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
9 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade BWLD Now!
Oppenheimer maintains a 'Perform' on Buffalo Wild Wings, Inc. (NASDAQ: BWLD).
Analyst, Brian Bittner, said, "We're impressed with BWLD's recent track record and execution, but remain on the sidelines owing to our unchanged belief that 2012 profit estimates are too high. Management did not "reiterate" 2012 EPS guidance at our late-June conference and we stay below consensus because: 1) unit openings are heavily skewed to second half of year; 2) still unexpectedly high wing costs; 3) any labor leverage may be minimal; and 4) sales comparisons get tougher. These dynamics could constrain upside from tailwinds such as a 53rd week, G&A cost delays, extra Thursday NFL football games, menu price increases and potential acquisitions."
Bittner maintains FY12 EPS estimate at $3.19 (below $3.28 consensus) and FY13 at $3.78 (below consensus if $3.91)
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 $86.82 yesterday, with a 52 week range of $52.37-$94.81.
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Analyst, Brian Bittner, said, "We're impressed with BWLD's recent track record and execution, but remain on the sidelines owing to our unchanged belief that 2012 profit estimates are too high. Management did not "reiterate" 2012 EPS guidance at our late-June conference and we stay below consensus because: 1) unit openings are heavily skewed to second half of year; 2) still unexpectedly high wing costs; 3) any labor leverage may be minimal; and 4) sales comparisons get tougher. These dynamics could constrain upside from tailwinds such as a 53rd week, G&A cost delays, extra Thursday NFL football games, menu price increases and potential acquisitions."
Bittner maintains FY12 EPS estimate at $3.19 (below $3.28 consensus) and FY13 at $3.78 (below consensus if $3.91)
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 $86.82 yesterday, with a 52 week range of $52.37-$94.81.
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