Wedbush Starts Buffalo Wild Wings, Inc. (BWLD) at Outperform; Accelerating Growth and Defensible Margins Underappreciated

September 27, 2011 5:04 PM EDT
Get Alerts BWLD Hot Sheet
Price: $156.95 --0%

Rating Summary:
    7 Buy, 23 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) with an Outperform. PT $82.00.

Wedbush analyst says, "We believe BWLD’s current discount to its growth peer group is unwarranted given: 1) its best-in-class unit growth rate, 2) steadily improving cash-on-cash returns, 3) improved and defensible unit economics, 4) the prospect for continued leverage from G&A and pre-opening expenses, and 5) near-term SSS momentum."

"We believe extent of discount to peer group is unwarranted. We believe that
BWLD’s current ~40% discount to its growth peer group on various metrics is
unwarranted, and the various factors detailed above could help narrow this gap."

For more ratings news on Buffalo Wild Wings, Inc. click here and for the rating history of Buffalo Wild Wings, Inc. click here.

Shares of Buffalo Wild Wings, Inc. closed at $60.93 yesterday.


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