January 29, 2008

Zacks Holds BWLD

Zacks has issued a hold on Buffalo Wild Wings, citing not necessarily the stock, but the restaurant industry.

"With about 18 million shares outstanding and a float of about 15 million shares, the stock is very illiquid, in our view. Moreover, we would recommend caution in buying restaurant growth stocks while the industry faces significant macro headwinds (consumer spending pressures & rising food and labor costs) with murky visibility to recovery. Therefore, we believe the stock is fairly valued at this juncture. We rate the shares as Hold with a price target of $23."

The full article is here.

No comments: