Jim Cramer: There's a Short Squeeze on Buffalo Wild Wings

There is a short squeeze driving Buffalo Wild Wings higher, says Jim Cramer.
Author:
Publish date:

There is a short squeeze driving Buffalo Wild Wings (BWLD)  higher, says TheStreet's Jim Cramer. The company reported earnings of $1.27 a share, beating analyst's consensus estimate by a penny. Revenue rose 15 percent year-over-year to $490.2 million, but missed analysts projections of $498.32 million. Same-store store sales fell 2.1 percent at Buffalo Wild Wings company-operated restaurants, missing analyst forecasts for a 0.5 percent drop. The result was worse than the 1.7 percent decline delivered in the first quarter. At franchise run restaurants, same-store sales declined 2.6 percent, falling short of estimates for a 0.8 percent decline.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.