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Buffalo Wild Wings Shares Rally on Q3 Results

By Warren Paige

Shares of Buffalo Wild Wings (NASDAQ: BWLD) rallied on Wednesday. The restaurant chain, after the market close on Tuesday handed stronger-than-expected fiscal third quarter results. Lower prices of chicken wings and strong sales growth both at company owned location and franchises owed restaurants bolstered the results. For the latest period, Buffalo Wild Wings posted earnings of 95 cents a share on revenue of $316 million, topping analysts’ expectation for earnings of 85 cents a share in revenue of $311 million. Same-store-sales at company owned locations rose 4.8% while at franchises owned location it increased 3.9%.

October 30th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.