Skip to main content

Market Overview

Brian Sozzi On Buffalo Wild Wings' Menu Additions

Share:

Brian Sozzi of Belus Capital Advisors commented on Buffalo Wild Wings (NASDAQ: BWLD) following its Q4 earnings miss.

Despite the results, Sozzi noted that investors may have taken comfort in rising same-store-sales during the first five weeks of the year. Additionally, food and labor costs weighed on the earnings, including the addition of a “guest experience captain” position at restaurants.

Changes are also coming for the menu, including “a sandwich called the New Yorker that features pastrami on a pretzel roll and paired with a Sam Adams Boston Lager that is a nod to those in the North. Another is the southern-themed Bayou Po boy that takes shrimp and Buffalo Wild Wings' sauces and serves it with a hurricane, a sweet alcoholic drink made with rum and fruit juice and native to New Orleans,” according to Sozzi.

"It's partly how we test new menu options," said Buffalo Wild Wings CEO Sally Smith, who told Sozzi that the pairings could become permanent additions to the menu.

Investors seemed to approve of the new initiatives and rewarded the stock, sending it up over 7 percent Friday to $193.26.

Latest Ratings for BWLD

DateFirmActionFromTo
Nov 2017Maxim GroupDowngradesBuyHold
Nov 2017UBSDowngradesBuyNeutral
Nov 2017Deutsche BankDowngradesBuyHold

View More Analyst Ratings for BWLD

View the Latest Analyst Ratings

 

Related Articles (BWLD)

View Comments and Join the Discussion!

Posted-In: Belus Capital Advisors Brian SozziAnalyst Color Restaurants Analyst Ratings General

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com