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Buffalo Wild Wings Continues To Reap Benefit Of Low Chicken Wing Prices

Buffalo Wild Wings Continues To Reap Benefit Of Low Chicken Wing Prices - Buffalo Wild Wings, Inc. NASDAQ:BWLD

Deflationary wing prices could provide a nice cushion for restaurant chain Buffalo Wild Wings BWLD earnings in the second half of the year.

Last week marked the eighth consecutive week of falling wing prices, at levels 7–8 percent lower than year-ago prices, sitting around $1.46.

BMO Capital Markets remains cautious regarding Buffalo Wild Wings' Q2 results; however, a recent analyst note sees potential for the second half of the fiscal year, and its "outlook could be vastly improved" due to favorable wing prices and new sales driven initiatives.

Related Link: Wing Prices Still Flying Low, Boosting Margins For Buffalo Wild Wings

"3Q16 wing prices continue to track better than our and consensus expectations, with visibility into more than one month of BWLD's 3Q16 wing costs (8–9 percent underlying wing price deflation)," said BMO analyst Andrew Strelzik.

BMO Capital Markets maintains an outperform rating for Buffalo Wild Wings and is considered a "Top 15 Small Cap Stock Selection."

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DateFirmActionFromTo
Jun 2016Guggenheim SecuritiesUpgradesNeutralBuy
Apr 2016BarclaysMaintainsOverweight
Apr 2016JefferiesMaintainsHold

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