Oppenheimer has started coverage several of the casual dining chains this morning.  Buffalo Wild Wings (BWLD) was initiated as an “Outperform” rating, with a 40% implied upside at a $52.00 price target.  Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) were both initiated with ‘Perform’ ratings.  So far these ratings have had no significant impact this morning in trading.

Jon C. Ogg