1 Restaurant Stock for Your Watchlist
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Buffalo Wild Wings put up some impressive numbers that, alas, fell short of analysts' expectations. Analysts had forecast $240.3 million in sales, and $0.68 per share in earnings. B-Wild only delivered $238.7 million in sales and $0.62 per share. Unlike McDonald's, Chipotle, and Yum! Brands, Buffalo Wild Wings did not talk about weakening demand. Its problem centered on rising wing costs. That caused management to lower earnings guidance for the year. Panera bucked the overall trend, with strong same-stores sales and earnings growth. John and David think it's time to start looking at Buffalo Wild Wings. It is a great brand with an even better management team. The short-term weakness could turn into a great buying opportunity.
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The article 1 Restaurant Stock for Your Watchlist originally appeared on Fool.com.David Meier has no positions in the stocks mentioned above. John Reeves owns shares of Chipotle Mexican Grill. The Motley Fool owns shares of Buffalo Wild Wings, Chipotle Mexican Grill, McDonald's, and Panera Bread. Motley Fool newsletter services recommend Buffalo Wild Wings, Chipotle Mexican Grill, McDonald's, Panera Bread, and Yum! Brands. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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