Buffalo Wild Wings, Walt Disney: After-Hours Trading (Update 1)

Updated from 4:44 p.m. ET for latest share prices, additional information on Silicon Graphics, OpenTable, and Panera Bread.

NEW YORK ( TheStreet) -- Shares of Buffalo Wild Wings ( BWLD) soared in late trades on Tuesday after the restaurant operator trounced Wall Street's profit expectations in its latest quarter amid strong sales at both new and existing locations.

The Minneapolis-based company reported earnings of $13.6 million, or 73 cents a share, on revenue of $220.5 million. Same-restaurant sales jumped 8.9%. In the same period a year earlier, the company posted a profit of $10.2 million, or 55 cents a share, on revenue of $163.9 million.

The average estimate of analysts polled by Thomson Reuters was for earnings of 67 cents a share in the December-ended period on revenue of $210.5 million.

The stock was last quoted at $81.95, up 16.8%, on volume of 1 million, according to Nasdaq.com.

Based on Tuesday's regular-session close at $70.19, the shares are up more than 40% in the past year, hitting a 52-week high of $71.22 on Feb. 3.

The company was also bullish about how it's faring so far in 2012.

"We are off to a great start with strong sales momentum, and our same-store sales through the first six weeks of 2012 have increased 12.9% at company-owned and 10.8% at franchised restaurants," said Sally Smith, the company's president and CEO, in a statement.

Smith continued: "Ultimately, we believe that we will be a chain of more than 1500 locations in North America. With our strategic focus on guest experience and operational excellence, our ongoing sales strength and unit-level execution, and the benefit of a 53rd week, we will overcome rising commodity costs and achieve 20% net earnings growth for 2012."

Wall Street was divided ahead of the news with nine of the 18 analysts covering the stock at hold (8) or sell (1), and the remainder split between strong buy (5) and buy (4). The action in the extended session is pushing the shares far beyond the median 12-month price target of $72.

Walt Disney

Shares of Dow component Walt Disney ( DIS) slipped after the close as the company posted below-consensus revenue in its fiscal first quarter.

For the three months ended Dec. 31, the Burbank, Calif.-based media and entertainment conglomerate reported earnings of $1.46 billion, or 80 cents a share, on revenue of $10.78 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 71 cents a share on revenue of $11.18 billion.

The stock was last quoted at $40.40, down 1.4%, on volume of 1.7 million, according to Nasdaq.com. Based on Tuesday's regular-session close at $40.98, the shares were up 8% so far in 2012.

Disney's studio entertainment unit experienced a year-over-year revenue decline of 16% to $1.62 billion in the latest quarter from $1.93 billion a year earlier because of "fewer Disney branded titles in wide theatrical release in the current quarter along with an adverse impact from the timing of title availabilities in television markets and lower DVD volumes," the company said.

Check out TheStreet's quote page for Walt Disney for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other stocks active in late trades includes Silicon Graphics ( SGI), whose stock plunged 23.5% to $11 on volume of 1.2 million after the computing products company's fiscal second-quarter profit of 4 cents a share fell well short of Wall Street's consensus view of 25 cents as margins came under pressure because of the challenging economic conditions in Europe; OpenTable ( OPEN), whose shares rose 5% to $54.03 on volume of nearly 1 million after the online restaurant reservation company reported fiscal fourth-quarter non-GAAP earnings of 37 cents a share, beating the consensus view of 30 cents a share; and Panera Bread ( PNRA), whose stock dipped 2.8% to $155.50 on volume of more than 300,000 after the bakery-cafe operator posted a slight miss on the top line with revenue of $495.8 million in its fiscal fourth quarter, below the analyst view of $499 million.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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