Buffalo Wild Wings, Inc. was a big mover last session, as the company saw its shares rise nearly 24% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 42% in the past one-month time frame.
The stock gained after reports that the company had received a buyout bid from Roark Capital, a private equity investment company.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Buffalo Wild Wings. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Buffalo Wild Wings currently has a Zacks Rank #3 (Hold) while its Earnings ESPis 0.00%.
A better-ranked stock in the Retail-Wholesale sector is Arcos Dorados Holdings Inc. (ARCO - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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