Barclays Maintains an 'Overweight' on Buffalo Wild Wings (BWLD); Adjsuting Numbers After Solid Q1
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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
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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Barclays maintains an 'Overweight' on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) price target lowered from $107 to $105.
Analyst, Jeffrey A. Bernstein, said, "Investors appear to struggle with the appropriate valuation for our high growth concepts. We believe BWLD's multiple expansion earlier this year is justified, with unit growth strong and comps outsized. Importantly, while wing prices are at record highs and no signs of easing a valid concern, we believe they are more manageable than feared. Guidance for 20% earnings growth in 2012 was reiterated, and we believe is achievable."
Barclays lowers FY12 EPS estimate from $3.27 to $3.25, but raises FY13 from $3.89 to $3.90.
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 $78.17 yesterday.
Analyst, Jeffrey A. Bernstein, said, "Investors appear to struggle with the appropriate valuation for our high growth concepts. We believe BWLD's multiple expansion earlier this year is justified, with unit growth strong and comps outsized. Importantly, while wing prices are at record highs and no signs of easing a valid concern, we believe they are more manageable than feared. Guidance for 20% earnings growth in 2012 was reiterated, and we believe is achievable."
Barclays lowers FY12 EPS estimate from $3.27 to $3.25, but raises FY13 from $3.89 to $3.90.
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 $78.17 yesterday.
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