Buffalo Wild Wings Downgraded at Tesley, Ends Tuesday Wing Special
Buffalo Wild Wings earned about half of what Wall Street was expecting.

Buffalo Wild Wings Inc. (BWLD) shares were down 10.2% to $110.12 following its latest earnings miss after the closing bell Wednesday. Analysts at Telsey Advisory downgraded the stock to "market perform" from "outperform" while also lowering its price target to $135 from $145 per share as a result. 

Buffalo Wild Wings reported a 63% drop in profit to $8.8 million, or 55 cents a share, in the second quarter, well below the $1.06 per share analysts were expecting for the period. 

As a result, the company announced that it would no-longer have its long-standing discount wing promotion on Tuesdays at its 626 company-owned restaurants. Executives said they also expect its 624 franchisees to follow suit. 

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