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News Breaks
March 12, 2013
09:40 EDTEATBrinker says targeting EPS of $4.00 or more by FY17
Says to be 2/3 of way to doubling EPS goal by June, says will achieve 330 bps of its LT operating margin goal of 400bps expansion by this June. Sees achieving 400bp goal by end of next FY, says could reach goal of doubling EPS perhaps even as soon as next FY. Sees Maggiano's revenue climbing to over $500M by FY17. Comments made at the Bank of America Merrill Lynch Consumer & Retail Conference.
News For EAT From The Last 14 Days
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February 4, 2016
12:06 EDTEATBattleground: Buffalo Wild Wings gets upgraded and downgraded after earnings
Shares of Buffalo Wild Wings (BWLD) have rallied today following the company's fourth quarter earnings report. An analyst from Raymond James upgraded the stock following the report, saying that the sports-focused restaurant chain's sales visibility should improve in 2016. An analyst from Longbow, on the other hand, downgraded Buffalo Wild Wings due to concerns over the deceleration of its same-store sales growth. WHAT'S NEW: After the market close yesterday, Buffalo Wild Wings reported fourth quarter earnings per share of $1.32 on revenue of $490.2M, lower than consensus estimates of $1.48 and $507.23, respectively. Same-store sales grew 1.9% at company-owned restaurants and 0.1% at franchised restaurants, the company said. Buffalo Wild Wings also provided an outlook for fiscal 2016, saying it expects FY16 EPS of $5.95-$6.20, compared to the consensus forecast of $6.48. For 2016, the company expects single-digit same-store sales growth, including modestly positive traffic. BULLISH TAKE: Raymond James analyst Brian Vaccaro upgraded Buffalo Wild Wings to Outperform from Market Perform and established a $165 price target on shares. The analyst said that even though the company's Q4 earnings fell below expectations, he was encouraged by its better than expected first quarter comps and sees comparable store sales visibility improving through 2016. Vaccaro said that management's guidance appears to be conservative with respect to margins and reflects a strong 2016 earnings growth acceleration. The analyst added that the risk/reward factor for the stock is "favorable." In addition, UBS analyst Keith Siegner reiterated a Buy rating on Buffalo Wild Wings with a $200 price target on shares, saying that weakness in the stock following its lower than expected Q4 results presents a buying opportunity. The analyst said that 2016 "looks favorable" for the company and that various company initiatives should lead to solid top-line results. BEARISH TAKE: Longbow analyst Alton Stump downgraded Buffalo Wild Wings to Neutral from Buy, citing concerns over the deceleration of the company's same-store sales growth. Stump said that the stalling in positive sales growth is likely due at least in part to a more competitive market within the domestic bar and grill category. The analyst also said that traditional wing costs have failed to moderate meaningfully over the last 9-12 months and that management now anticipates "flattish" year over year bone-in wing costs in 2016. Stump said that disappointing SSS growth may bode negatively for other bar and grill restaurants including Applebee's, owned by DineEquity (DIN), BJ's Restaurants (BJRI), and Chili's, owned by Brinker (EAT). The analyst added that his firm reduced its Q1 EPS forecast for Buffalo Wild Wings to $1.77 from $1.81 and FY16 EPS to $5.72 from $6.59. For company-owned SSS, the firm now sees a flat performance for the company in Q1, modest 0.8% growth in 2016 instead of the previous forecast of 2.2%, and 2% growth in 2017. PRICE ACTION: At midday, Buffalo Wild Wings gained 6.7% to $153.24.
February 3, 2016
11:26 EDTEATOptions with increasing call volume; LOW LNC DG EW SNOW KLIC CIT AN EAT SYT
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