Buffalo Wild Wings: Wall Street darling or afterthought?

May 9, 2017

This post is part of the On the Margin blog.

Followers of Buffalo Wild Wings Inc. can be excused if they’re confused about the performance of the restaurant chain’s stock over the years.

The company has outperformed the broader stock market, as well as its competition in the restaurant industry. Or it has underperformed. The answer depends on whom you ask — the company or activist investor Marcato Capital Management. 

So we decided to see for ourselves.

Stock prices and stock price comparisons can be prone to manipulation, especially in a proxy fight, which is a corporate election in which two sides