Buffalo Wild Wings to discuss quarterly results July 26
Despite still sluggish sales and traffic growth the stock activity for restaurants is getting brighter, with the best posted figures since last January and the second quarter of this year, according to new stock market data.
Shares of Buffalo Wild Wings, according to data via the Restaurant Industry Snapshot, which reviews sales from more than 28,000 restaurant units and over 150 brands, ended 1.60 percent lower with a recorded trading volume of 404,305 shares as of July 14, according to a press release.
The data stated the company' shares are trading below its 50-day moving average by 15.60 percent. Buffalo Wild Wings owns, operates and franchises units under Buffalo Wild Wings, R Taco and PizzaRev.
Earlier this month research firm Telsey Advisory Group reiterated its 'Outperform' rating on the company's stock with a decrease of the target price from $175 a share to $145 a share, according to the release.
Buffalo Wild Wings will conduct a conference call to discuss its Q2 2017 results on July 26 at 4:00 p.m. CDT. A simultaneous webcast of the call will be available under the investor relations section of the company's website.