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October 24, 2012
10:15 EDTBWLDBuffalo Wild Wings falls post earnings, but analysts remain upbeat
Casual dining company Buffalo Wild Wings (BWLD) is sinking after the company reported weaker than expected third quarter results. The company said that high sales costs and increases in pre-opening expenses weighed on its bottom line. Analysts at Deutsche Bank and Sterne Agee, however, remain upbeat on the company's outlook despite the miss. In a note to investors earlier today, Deutsche Bank analyst Jason West predicted that Buffalo Wild Wings' margins would increase as its menu prices rise and catch up with wing costs. Meanwhile, the company's revenue should climb by mid-teens percentage levels, causing its earnings growth to be among the highest in the restaurant sector, West believes. The analyst lowered his price target on the stock to $85 from $92, but maintained a Buy rating on the shares. Sterne Agee analyst Lynn Collier, meanwhile, wrote in a note to investors that she expects the company's margins in the second half of 2013 to be significantly boosted by the company's decision to price wings by the pound, instead of by the piece. Moreover, Collier believes that the company's weaker than expected results were primarily caused by reduced advertising. This issue should be resolved in the short-term, wrote the analyst, who maintained a Buy rating on the stock. In mid-morning trading, Buffalo Wild Wings tumbled $9.44, or 11.31%, to $74.02.
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August 27, 2014
07:29 EDTBWLDStephens to hold a plane trip
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August 25, 2014
09:07 EDTBWLDBuffalo Wild Wings makes majority investment in Rusty Taco
Buffalo Wild Wings has made a majority investment in Rusty Taco, Inc., which owns and operates Rusty Taco restaurants and is headquartered in Dallas, Texas. Rusty Taco features a simple menu of tasty tacos prepared fresh in a fun and lively atmosphere. Terms of the deal were not disclosed. In addition to Rusty Taco, Buffalo Wild Wings also has a minority investment in Los Angeles-based PizzaRev, a growing artisanal pizza concept. The company says it continues to evaluate other opportunities consistent with its long-term growth strategy.

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