Buffalo Wild Wings Invests in … Pizza?

It has been looking to invest in nascent restaurant franchises

   

Bbuffalo wild wings 630 300x215 Buffalo Wild Wings Invests in ... Pizza?uffalo Wild Wings (NASDAQ:BWLD), which runs about 900 outlets nationwide, has acquired a minority stake in a small pizza shop chain.

The company has purchased an undisclosed share of PizzaRev, which operates three restaurants in the Los Angeles area. Launched in 2012, PizzaRev uses a stone-hearth oven to prepare pizzas to customer specifications in about three minutes, Restaurant News notes.

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BWLD had recently signaled that it was seeking investment opportunities in restaurants that did not compete with its branding and could be developed into a national franchise.

A Robert W. Baird & Company analyst noted that by taking a minority share in PizzaRev, BWLD retained the option of making additional investments in other potential franchises. Should one of the candidates show particular promise, BWLD could then acquire a majority share.

In 2010, BWLD announced plans to open a number of international locations, though its expansion into Canada is proceeding at a relatively slow pace.

Shares of Buffalo Wild Wings rose fractionally in Wednesday morning trading.


Article printed from InvestorPlace Media, http://investorplace.com/2013/03/buffalo-wild-wings-invests-in-pizza/.

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