Deutsche Bank Downgrades Buffalo Wild Wings, Inc. (BWLD) to Hold; Mainly Valuation Call

Deutsche Bank downgraded Buffalo Wild Wings, Inc. (NASDAQ: BWLD) to Hold. PT raised to $100.

Deutsche analyst said, "BWLD has transitioned from one “overhang” to another over the past 2 years, starting with a surprising deceleration in SSS in 1H10, followed by NFL concerns, then wing cost concerns. However, these overhangs have offered investors several attractive entry points on the stock, at much lower valuations than what we see today. With expectations now more elevated, relative outperformance is less likely from here...Our 2012/2013 EPS estimates are unchanged at $3.30/$3.84."

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 $94.42 yesterday.

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