Out Fox The $treet

Buffalo Wild Wings is trading near an all-time higher around $200. The wings concept has missed earnings in the last three quarters and is starting to face more aggressive competition. The stock trades at a premium valuation considering the competitive environment and earnings misses.          Back in June, research indicated that Buffalo Wild Wings (NASDAQ: BWLD ) wasn't worth chasing higher. The company was poised to produce better results going forward, but the valuation wasn't very attractive. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

After a huge surge in February last year, Buffalo Wild Wings (NASDAQ: BWLD ) has gone virtually sideways. The stock had a huge day on February 7 where it surged from $70 to $82.50 yet the next year has seen nothing but disappointment for investors. The company operates and franchises Buffalo Wild Wings Grill & Bar restaurants with nearly 900 restaurants in 49 states and Canada. The restaurants feature a variety more » Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

The fast casual dining sector has been on fire this year basically picking up where it has been ever since the March 2009 bottom. The three leading stocks of Buffalo Wild Wings (BWLD) , Chipotle Mexican Grill (CMG) , and Panera Bread (PNRA) have had virtually no pause in the rally for the last three years. Not even the market downturns in 2010 and 2011 could pull them down. Though continuing to grow fast all these stocks face steep valuations and at some point the wall of large numbers will hit them. Chipotle already has a market cap over $11B and annual sales above $2.2B. As an example, Darden Restaurants (DRI) with its main restaurants of Olive Garden and Red Lobster has succumbed to much lower multiples even though operating several successful chains. The company will approach $8B in fiscal 2012 revenue, but only has a market cap of $6.4B. Read the full article on Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.  ...