NEW YORK (TheStreet) -- Shares of Buffalo Wild Wings (BWLD) are declining by -11.52% to $148.15 in early trading on Wednesday morning after the company announced its full year earnings forecast, which fell short of analysts' expectations.
The restaurant chain said it's expecting earnings to grow 25% to 30% for 2014, while analysts polled by Thomson Reuters are expecting growth of at least 34%.
However, for the 2014 second quarter Buffalo Wild Wings reported a 43.8% increase in net earnings to $23.7 million, or $1.25 per diluted share, compared to $16.5 million, or 88 cents per diluted share for the same period last year.
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Total revenue for the most recent quarter was up by 20% to $366 million, compared to $305 million for the 2013 second quarter.
Separately, TheStreet Ratings team rates BUFFALO WILD WINGS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BUFFALO WILD WINGS INC (BWLD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."