Although the company had its fourth quarter earnings squeezed due to higher chicken wing prices, Best Ideas Newsletter holding Buffalo Wild Wings (click ticker for report: ) is approaching new highs for 2013, trading north of $85 per share.
Hedge fund Citadel recently upped its stake in the company to 5.15%, and we think the firm has a strong quarter ahead with March Madness, the NHL playoffs, and the NBA playoffs all quickly approaching. We think shares have some additional upside from current levels, so we’re holding steady in the portfolio of our Best Ideas Newsletter.