Diamonds and Dogs
Buffalo Wild Wings (BWLD) is flying higher. The chicken wing restaurateur is jumping 26% on a takeover offer from privately-equity firm. Roark Capital. Buffalo Wild Wings has faced some turbulence over the last year, as the company struggles with high wing costs and declining sales at stores open for at least 15 months. Activist investors at Marcato Capital Management won several board seats during the summer and are pushing the company to franchise more of its restaurants and improve its technology. At least one analyst believes there may be a competing bid out there for Buffalo Wild Wing. Good news for shareholders.