Wedbush Raises PT on Buffalo Wild Wings (BWLD) to $120
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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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Wedbush today maintained an Outperform rating on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) and raised its price target to $120.00 (from $95.00). Analyst Nick Setyan said he sees a continued decline in wing costs.
"Given a precipitous decline in wing costs over the last 2 weeks, we are increasing our 2013 and 2014 EPS expectations. While we believe the magnitude of the wing cost decline renders near-term SSS growth an afterthought, our Q1 and Q2-to-date checks also indicate that SSS growth is tracking in line with low single-digit expectations. We also believe our upped EPS expectations could prove conservative should wing costs continue to decline, should beneficial mix shift continue, and should the headwind from larger wing sizes be successfully addressed," said Setyan.
For an analyst ratings summary and ratings history on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) click here. For more ratings news on Buffalo Wild Wings, Inc. click here.
Shares of Buffalo Wild Wings, Inc. closed at $90.97 yesterday.
"Given a precipitous decline in wing costs over the last 2 weeks, we are increasing our 2013 and 2014 EPS expectations. While we believe the magnitude of the wing cost decline renders near-term SSS growth an afterthought, our Q1 and Q2-to-date checks also indicate that SSS growth is tracking in line with low single-digit expectations. We also believe our upped EPS expectations could prove conservative should wing costs continue to decline, should beneficial mix shift continue, and should the headwind from larger wing sizes be successfully addressed," said Setyan.
For an analyst ratings summary and ratings history on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) click here. For more ratings news on Buffalo Wild Wings, Inc. click here.
Shares of Buffalo Wild Wings, Inc. closed at $90.97 yesterday.
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