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Stock Market & Financial Investment News

News Breaks
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.
News For BWLD From The Last 14 Days
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October 10, 2014
10:01 EDTBWLDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
October 9, 2014
16:47 EDTBWLDBuffalo Wild Wings initiated with an Outperform at BMO Capital
Target $165.

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