This company has seemingly followed a pattern of over-promising and under-delivering on earnings for the last several quarters. The CEO seems to love going on "Mad Money" and hyping her company in advance of reporting yet another earnings miss. Sales growing only anemically with a demonstrated inability to control costs. Stock seems quite overpriced here...look at the chart and you'll see all big drops that follow their quarterly reports. Expect a pull-back, if not tomorrow, then within the next week.
Disagree- They missed on EPS but exceeded on revs. "costs" are being put into adding more stores and adding to long term growth. There was an upgrade today from 100 to 110 from one analyst and several upgrades in the previous weeks.
They also reaffirmed EPS and growth for the year and said the Wing prices are coming down now.
If they do pull back will be a great time to buy more- but I don't expect they will.
I actually expect further upgrades, not downgrades. Market trades on future, not past. I predict this hits 100 tomorrow with ease and several upgrades. Chances are chicken prices deflate further (as they are now at under 1.50/pound, ie at their lowest in over a year and nowhere near the 2.05 paid around the SuperBowl time. Several analysts already noted this; expect further to do the same in the morning and readjust price targets to the 120 area.