Analyst John Zolidis of Buckingham Research initiated his coverage of Buffalo Wild Wings (NASDQ:BWLD) with a Neutral rating and a price target of $149, in-line with current levels. BWLD saw incredible growth over the last decade, but it has recently reported its first negative same-store sales result in six years. Furthermore, it has six straight quarters of missing analyst expectations. This has led the company to trade 28% below its 52-week high. Zolidis has reason to be optimistic “that comps will return to positive territory; however, we believe visibility is limited.”
According to TipRanks, the analyst has a success rate of 73% with an average return of 16.9% per recommendation.