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Zacks #1 Rank Top Performers

Top Performer for Wednesday: Buffalo Wild Wings (BWLD)

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April 22, 2009 | Comment(s): 0
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EAT | CBRL | BWLD

There are several stocks from the retail-restaurants industry on today's Zacks #1 Rank List, but Buffalo Wild Wings, Inc. (BWLD - Analyst Report) is distinguishing itself with an almost 11% gain.

As a result, the company is a top-performing Zacks #1 Rank for Wednesday, and is trading on high volume of approximately 822,000, compared to the average of 398,000.

The company will report its first-quarter results next week. Analysts are expecting 46 cents per share, which is up 3 cents from 3 months ago.

BWLD is coming off of a solid fourth-quarter performance, which included a positive EPS surprise of more than 10%. Earnings per share of 43 cents topped the consensus at 39 cents and beat the year-ago result of 34 cents.

Furthermore, total revenue advanced almost 33%, while same-store sales moved higher 4.5% at company-owned restaurants and 2.5% at franchised restaurants.

The past week has seen 1 of 13 covering analysts raise earnings estimates for this year, inching the consensus higher by a penny to $1.68. The past 3 months has seen a gain of 6.3%.

Analysts currently expect next year's profit at $2.07, which is 23% better than the consensus for this year.

In addition to BWLD, there are 8 other retail-restaurants companies on today's list, which includes 213 stocks. Brinker International, Inc. (EAT - Analyst Report) and Cracker Barrel Old Country Store, Inc. (CBRL - Snapshot Report) are also top performers so far today, gaining 8.3% and 7.2% respectively.

(On Tuesday, EAT, which operates Chili's Bar & Grill, reported fiscal third-quarter earnings per share of 45 cents, excluding items, which beat the year-ago level of 33 cents while matching the consensus. Revenue declined 20% while same-store sales dropped 5.6%.)

Read the full analyst report on EAT

Read the full analyst report on CBRL

Read the full analyst report on BWLD

 

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