Restaurant Losers: Buffalo Wild Wings

Restaurant stocks are falling following some disappointing outlooks in the sector.
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(Restaurant Losers article updated with Buffalo Wild Wings earnings.)

NEW YORK (

TheStreet

) --

Restaurant stocks

are tanking, following disappointing outlooks out of the sector.

Buffalo Wild Wings

(BWLD)

is one of the biggest losers of the day, plunging 18.7% to $41.48 in afternoon trading.

The company said on Tuesday that while its first-quarter profit climbed 24%, comparable sales in April weakened, raising doubts about its ability to meet its prior forecast of a 20% surge in 2010.

Comparable sales in April for Buffalo Wild Wings fell more than 2% at both company-owned and franchised locations.

Buffalo Wild Wings said it earned $10.6 million, or 58 cents a share, a penny above consensus.

Panera Bread

(PNRA)

is also declining, by 6.6% to $80.39, as its second-quarter forecast fell short of expectations -- a fact that is overshadowing what was a successful first-quarter for the company.

Panera said on Tuesday that it expects second-quarter earnings between 81 cents and 83 cents a share. This compares with Wall Street's guidance of 84 cents a share.

Still, during the first quarter, the company nearly doubled its profit, as comparable sales jumped 10%.

P.F. Chang's China Bistro

(PFCB)

is also tumbling, after it reported today lower-than-predicted first-quarter earnings, hurt by aggressive discounting. It too provided a weak 2010 forecast.

During the quarter profit fell to $8.7 million, or 38 cents a share, from $13.3 million, or 56 cents a share, a year earlier. Analysts expected earnings of 48 cents a share.

Revenue inched up slightly to $310.4 million, but it too just missed estimates of $310.6 million.

Looking ahead, P.F. Chang's expects to earn $2 in 2010, just shy of analysts' forecast of $2.03 a share.

Shares of P.F. Chang's are dropping 3.4% to $44.87 in afternoon trading.

The Cheesecake Factory

(CAKE) - Get Report

issued second-quarter guidance that missed estimates when it reported its first-quarter earnings last week.

The company said it is looking for second-quarter earnings between 34 cents and 36 cents a share, while analysts are expecting a profit of 38 cents a share.

During the first-quarter, however, profit soared 87% to $18.7 million, or 31 cents a share, significantly higher than the 5 cents predicted by analysts.

The Cheesecake Factory is currently being dragged down 5.9% to $27.80.

Burger King

(BKC)

is decreasing 4.7% to $20.64 ahead of its first-quarter earnings report, which is scheduled to be released on Thursday.

Analysts expect the fast-food chain will post a lower profit from last year, even though sales trends have improved. Wall Street is calling for earnings of 29 cents a share on revenue of $598 million.

Rival

McDonald's

(MCD) - Get Report

last week reported profit of $1.03 a share, higher than the 96 cents analysts forecast. The fast-food giant received a boost from its coffee business, after introducing new lower-priced frappes during the quarter.

Revenue shot up 10.5% to $5.61 billion, while sales at restaurants open at least a year grew 4.2%. Same-store sales in the U.S. increased 1.5%.

Other notable decliners include

Yum Brands!

(YUM) - Get Report

, which is falling 1% to $42.35,

Wendy's/Arbys

(WEN) - Get Report

, which is slipping 2.6% to $5.17,

Texas Roadhouse

(TXRH) - Get Report

, which is spiraling 6.4% to $14.56 and

Brinker

(EAT) - Get Report

, which is losing 3.2% to $19.

-- Reported by Jeanine Poggi in New York.

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