NEW YORK (TheStreet) -- Shares of Buffalo Wild Wings (BWLD were gaining in after-hours trading on Wednesday after the company reported earnings that met Wall Street's expectations for the 2016 third quarter.
After today's market close, the Minneapolis, MN-based restaurant chain posted earnings of $1.23 per diluted share, in line with analysts' projections, according to FactSet.
Revenue rose 8.5% to $494.2 million year-over-year, while analysts were looking for $501.5 million.
Same-store sales fell 1.8% during the period. Analysts surveyed by FactSet had forecast a decline of 1.5%.
For 2016, Buffalo Wild Wings sees earnings per diluted share "slightly below" the low end of its prior guidance range of $5.65 to $5.85. Wall Street is expecting earnings of $5.70 per share for the full year.
More than 954,180 of the company's shares changed hands today vs. its average 30-day volume of roughly 434,000 shares.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, reasonable valuation levels and good cash flow from operations.
Recently, 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.
You can view the full analysis from the report here: BWLD