Wedbush Downgrades Buffalo Wild Wings, Inc. (BWLD) to Neutral; Margin for Error Relatively Thin
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Price: $156.95 --0%
Rating Summary:
7 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
7 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Wedbush downgraded Buffalo Wild Wings, Inc. (NASDAQ: BWLD) from Outperform to Neutral with a price target of $90.00.
Analyst, Nick Setyan, said, "With BWLD’s top line momentum well-understood post-Q4 results, we believe upside to current estimates hinges on a pullback in wing costs. With wing costs already trailing our expectation of a seasonal pullback, we believe risk to expectations, should top line momentum decelerate, exists. We also believe BWLD’s current valuation discount to growth peers based on 2013 expectations is warranted given BWLD’s relatively limited visibility."
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 $89.43 yesterday.
Analyst, Nick Setyan, said, "With BWLD’s top line momentum well-understood post-Q4 results, we believe upside to current estimates hinges on a pullback in wing costs. With wing costs already trailing our expectation of a seasonal pullback, we believe risk to expectations, should top line momentum decelerate, exists. We also believe BWLD’s current valuation discount to growth peers based on 2013 expectations is warranted given BWLD’s relatively limited visibility."
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 $89.43 yesterday.
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