Restaurant Stocks to Sell – Buffalo Wild Wings (BWLD)
As much as I like a good sports bar, I have no interest at all in visiting or buying shares in Buffalo Wild Wings (BWLD). Sports bars should be local joints owned by a fan and named “Nick’s” or “Joe’s.” BWLD had decent results in its most recent quarter, with about 7% same-store sales growth, but I have to question the wisdom of paying 37 times earnings for a wings-and-beer joint.
About 3.3% of the quarter’s growth is attributed to World Cup viewing, and that is not going to be replicated for another four years. BWLD’s numbers aren’t horrible — they just don’t justify the price.