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Should You Buy Buffalo Wild Wings (BWLD) Before Earnings?

Shares of Buffalo Wild Wings BWLD gained over 5.8% during regular trading hours Monday after activist firm Marcato Capital Management announced a new 5.1% stake in the company. Today’s activity comes just before the wing maker announces its second-quarter earnings results on Tuesday.

According to an SEC filing, Richard McGuire’s Marcato Capital has had and plans to continue having discussions with directors and officers of Buffalo Wild Wings.

“These discussions may review options for enhancing shareholder value through various strategic alternatives or operational or management initiatives including, but not limited to, improving returns on invested capital, determining appropriate capital structure and capital allocation methodology, optimizing mix of franchised vs. company-operated units, aligning incentive compensation with disciplined capital allocation practices, and...