I don't own this stock but wish I bought a long time ago. Love the restaurant too,
However, their biggest quarter has to be Q4 because of football. The restaurants simply aren't as crowded anytime else. If they couldn't hit Q4 revenue, then the next few months could be rough.
I have a small position in my Roth. Most of my retirement is in a 401K and not individual stocks (Point being, I really don't follow this too closely but it has done well for me). My question is: what was in the earning report that was so bad. They didn't meet revenue, but they beat EPS. 1. Was it a fluke that wing prices went down and that won't happen again (if the trend continues as far as revenue their profit will go down in the future? 2. Was it the outlook they presented? 3. Is it market manipulation/overreaction? I don't have any money on the sidelines, but If I did, I would have been real interested in increasing my position when it hit $125.
3rd Quarter Earnings are going to set the record straight. Look for the Mayweather vs Pacquiao fight. That fight will be watched at BLWD. Last Mayweather fight the earnings were great and it ran to 150.... I like this stock with an major fight event with Mayweather. GL
The earnings report was not bad. People try to bring the stock price down by introducing doubts. Wing prices fluctuate and should not be concentrated on. These drops in price should be viewed as pullbacks, not the start of any crash.