Buffalo Wild Wings (NASDAQ:BWLD) a Buy: Raymond James

Buffalo Wild Wings (BWLD) reported second quarter EPS of $1.12 after the close Tuesday, down from $1.25 in the previous year. On the bottom line, earnings declined 10% to $1.12 per share, while the Street was looking for $1.26 per share. Although the company had taken the improved minimum wage into account, it fell short nonetheless.

Buffalo Wild Wings recorded sales of $426.4 million, up 16.5 percent over a year ago but short of the $429.3 million expected by analysts. The higher price estimate target is at $225 according to the Analysts. Shares of Buffalo Wild Wings Inc. rose by 1.11% in the last five trading days and 9.6% for the last 4 weeks. Post opening the session at $169.84, the shares hit an intraday low of $167.84 and an intraday high of $171.41 and the price vacillated in this range throughout the day. As of December 30, 2013, it owned or franchised 992 Buffalo Wild Wings restaurants in North America, of which 434 were Company-owned and 558 were franchised. The reported EPS was below estimates by $-0.16 or -12.50%. “The wing market remains elevated”, Smith said.

Ms. Smith concluded, “Investments in Buffalo Wild Wings, including the Guest Experience Business Model and Stadia restaurant design, further strengthen our brand”.

Bennett is continuing to work with AntSul Group to find additional Buffalo Wild Wings locations in Staten Island, NY, as well as Hamilton Township and New Brunswick, NJ. Smith sold 2,000 shares of Buffalo Wild Wings stock in a transaction on Wednesday, July 15th. The company has a 50-day moving average of $163.06 and a 200-day moving average of $173.10.

Following earnings, shares of Buffalo Wild Wings are up 7.36% to $180.98 in after-hours trading.

Buffalo Wild Wings (NASDAQ:BWLD), a casual dining eatery and sports bar, will report its second-quarter earnings on July 28. In July 2014, Diversified Restaurant Holdings Inc acquired Screamin’ Hot Florida LLC and Screamin’ Hot Trinity LLC, from Buffalo Wild Wings Inc. The shares were sold at an average price of $175.00, for a total value of $175,000.00. 3 analysts recommended buying the shares. Vaccaro has a success rate of 68.8% and is ranked #1899 out of 3717 analysts, while Holthouse has a success rate of 75.0% and is ranked #988. Analysts have given the stocks a target price of $192.5. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock.

Buffalo Wild Wings Inc and itssubsidiaries operatesrestaurants as well as selling Buffalo Wild Wings and Rusty Taco restaurant franchises.