3 Stocks Hitting 52-Week Highs: BWLD, INTC, HD
Each of these stocks received a buy rating from TheStreet Ratings .
Buffalo Wild Wings
The restaurant company earlier this month reported fourth-quarter earnings of $13.6 million, or 73 cents a share, which rose from year-ago earnings of $10.2 million, or 55 cents a share.
"Operating margin, however, was weaker than we had expected, and despite management expectations of 20% EPS growth, we are not certain BWLD can avoid margin contraction in 2012 in light of record high wing costs," Miller Tabak analysts wrote in a Feb. 9 report. "Although we now expect an improved comp sales outlook, we would refrain from adding new positions in BWLD until food costs moderate or there is a more attractive entry point."
Shares of Buffalo Wild Wings hit a 52-week high Friday of $88.85. The stock's 52-week low of $50.40 was set on March 2.
Buffalo Wild Wings' shares are currently trading at a forward price-to-earnings multiple of 22.15X; the average for its peers is 22.14X. For comparison, Brinker's International (EAT) and Wendy's(WEN) both trade at lower forward P/Es of 12.90X and 21.68X respectively.
Ten of the 18 analysts who cover Buffalo Wild Wings rate the stock at buy; eight are at hold.
TheStreet Ratings gives Buffalo Wild Wings an A grade and has a $111.09 price target on the shares. The stock has risen 29.95% year to date.
The world's biggest semiconductor company is expected to announce carrier agreements for smartphones that would use its chips, according to Piper Jaffray analysts.
"At MWC we expect INTC to announce carrier agreements for carrier-branded Intel based smartphones," Piper Jaffray analysts wrote in a report Friday. "While this would be a positive headline for INTC, we are uncertain regarding the success of the products and even less certain about the profitability of Intel's silicon. At the same time, we see more cracks in the PC market and x86 PC monopoly."
Shares of Intel hit a 52-week high Friday of $27.50. The stock's 52-week low of $19.16 was set on Sept. 6.
Intel shares are trading at a forward P/E of 10.32X; the average for its peers is 15.3X. For comparison, Qualcomm(QCOM) and Texas Instruments (TXN) both trade at higher forward P/Es of 14.97X and 13.94X respectively.
Twenty-five of the 53 analysts who cover the company rate it a hold. Twenty-four analysts are at buy and four are at sell.
TheStreet Ratings gives Intel an A+ grade and has a $32.24 price target on the shares. The stock has risen 13.03% year to date.