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BWLD

Buffalo Wild Wings, Inc.

5/18/2013, 5:38 PM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 10, 12:58 PM The corn crop could be bigger than originally forecast as farmers in the U.S. Corn Belt delay planting to take advantage of a huge amount of rainfall this spring in the Midwest. The USDA said in its monthly forecast released today it expects a stockpile of 2.004B bushels of corn, above the analyst estimate of 1.973B bushels. The read-through of lower corn prices to U.S. companies is far-reaching, but a few food concerns to watch for potential margin relief include Buffalo Wild Wings (BWLD +1.1%), General Mills (GIS +0.3%), Kellogg (K +0.4%), Campbell Soup (CPB +0.1%), PepsiCo (PEP +0.1%), Coca-Cola (KO -0.3%), and Post Holdings (POST +0.5%). (USDA report) Comment! [Consumer, Commodities]
Monday, May 6, 11:08 AM Buffalo Wild Wings (BWLD +0.2%) says it will work with craft brewer Red Hook to launch an in-house beer. Naturally, the brew will be designed to complement chicken wings - but more importantly could be a margin booster for beer sales. SA contributor Chris Katje likes the other side of the partnership, tapping Craft Brew Alliance (BREW) as an undervalued stock with promise. Comment! [Consumer]
Tuesday, April 30, 7:10 AM Heard during Buffalo Wild Wings' (BWLD) earnings call: 1) The company will transition its menu servings to wings by portion in the beginning of Q3 - small, medium, and large - after seeing testing show it will reduce costs. 2) Sees downward trends in wing commodity pricing. 3) CEO Sally Smith says the purchase of PizzaRev could lead to a national rollout in the future. 4) Look for stronger sales numbers in Q2 with a calendar shift of Easter contributing and new initiatives driving traffic. BWLD -1.4% premarket. (transcript) Comment! [Consumer, On the Move]
Monday, April 29, 5:38 PM After-hours top gainers, as of 5:15 p.m.: HTWR +9%. TXRH +8%. MGT +3%. USLV +3%. BWLD +2%.
After-hours top losers: MCO -8%. RVBD -7%. NSPR -7%. MBI -6%. BAH -3%. 1 Comment [On the Move]
Monday, April 29, 4:16 PM More on Buffalo Wild Wings (BWLD): A late quarter rush brought same-store sales up to a 1.4% increase at company-owned restaurants and 2.2% at franchised restaurants as the restaurant operator notes it lost a week of the NFL football season to the calendar effect. Labor costs up 26% Y/Y and operating costs rose 25%. Q2 same-store sales are trending at a 5.2% rate at company-owned restaurants. Previous guidance is reiterated. BWLD +0.3% AH. (PR) Comment! [Consumer, Earnings]
Monday, April 29, 4:04 PM Buffalo Wild Wings (BWLD): Q1 EPS of $0.87 misses by $0.12. Revenue of $304.4M (+21% Y/Y) beats by $0.5M. Shares -2.5% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Monday, April 29, 10:18 AM Buffalo Wild Wings (BWLD +0.3%) CEO Sally Smith says that while the wholesale cost of chicken wings is undoubtedly an important component to the firm's business, it's also the "quality" of sports on the screens that is just as crucial to BWLD as a mechanism to drive traffic. The read-through is that Buffalo Wild Wings needs "must-see" sports match-ups to help ring up sales. With an eye to how Q1 turned out (earnings today), the exec notes the NCAA basketball tournament turned out really well. Comment! [Consumer]
Monday, April 29, 12:10 AM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Sunday, April 28, 5:35 PM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Wednesday, April 24, 2:43 PM The lower level of prices for corn and wheat could have a positive impact on Buffalo Wild Wings (BWLD -0.2%) as the company sees spot prices for fresh chicken wings trend lower. What to watch: Investors will hear more on commodity costs when the company reports Q1 earnings next week. A sharp focus will also be on if higher prices on the company's menu cut into demand. Comment! [Consumer]
Thursday, April 18, 11:47 AM Wedbush takes its price target on Outperform-rated Buffalo Wild Wings (BWLD +0.5%) to $120 from $95 citing (somewhat amusingly) a "precipitous decline in wing cost … the magnitude of which renders near-term same store sales an afterthought." Analyst Nick Setyan also says even hiked EPS expectations "could prove conservative." 1 Comment [Consumer]
Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Wednesday, April 3, 9:52 AM Raymond James is doing wonders for the restaurant sector with a number of upgrades that are helping light a fire under shares. Lower commodity prices and indications of a bounce in QSR spending look good enough to the firm for it to take its foot off the brakes. Upgrades: Buffalo Wild Wings (BWLD +3.5%) to Strong Buy from Market Perform; Panera Bread (PNRA +3.9%) to Market Perform; Chipotle (CMG +1.2%) to Market Perform from Underperform; Brinker International (EAT +2.6%) to Outperform from Market Perform. Comment! [Consumer, On the Move]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]
Thursday, March 21, 8:59 AM Keybanc raises the price target on Buffalo Wild Wings (BWLD) to $95 on its view that the company's menu improvements and tech initiatives will start paying off. The restaurant operator's minority share in an up-and-coming pizza chain is also drawing the interest of some analysts. Comment! [Consumer]