NEW YORK (TheStreet) -- Shares of Buffalo Wild Wings (BWLD) are rising 2.72% to $151 in after-hours trading, as the Minneapolis-based restaurant franchise posted better-than-expected second quarter earnings after today's closing bell.
The company reported earnings of $1.27 per share, beating analysts estimates by a penny. Revenue rose 15% year-over-year to $490.2 million, but missed analysts projections of $498.32 million.
Buffalo Wild Wings posted earnings of $1.12 per share on revenue of $426.39 million for the second quarter in 2015.
Yesterday, the company announced Richard McGuire's Marcato Capital Management had taken a new stake Buffalo Wild Wings equal to 5.1%. The SEC filing allows for activism and the investment represents 950,000 shares.
Marcato expects to further its discussions with directors and officers of the company about possibly enhancing shareholder value.
About 1.26 million of the company's shares changed hands today vs. its average volume of 618,468 shares per day.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate BUFFALO WILD WINGS INC as a Buy with a ratings score of B-. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: BWLD