UPDATE 2-Buffalo Wild Wings Q3 EPS in line, rev lags estimates

* Q3 EPS $0.38 in line with est

* Revenue $132.7 mln vs est $136.7 mln

* Q3 same-store sales rise 0.8 pct

* Shares fall 8 pct in post-market trading (Adds analyst comments, details; updates share movement)

By Renju Jose

BANGALORE, Oct 27 (Reuters) - Buffalo Wild Wings Inc (BWLD.O) posted a quarterly profit in line with market estimates, but the restaurant operator missed revenue expectations, sending its shares down 8 percent in after-market trade.

The company said it expects to achieve 13 percent to 15 percent unit growth in 2010, which should translate into net earnings growth of 20 percent.

"When you look into 2010, they have reduced their earnings growth expectations to 20 percent, when traditionally it has been up to 25 percent," Keybanc Capital Markets analyst Brad Ludington said by phone.

For 2009, the company said it was on track to achieve 25 percent revenue growth and net earnings would likely to be at the higher end of its forecast of 20 percent to 25 percent growth.

"They expect to reach the top end of their guidance range (in 2009), however, our guidance and the consensus were slightly above the top end of their range," Keybanc's Ludington said.

Analysts on average expect the company to earn $1.69 a share, before items, on revenue of $544.4 million in 2009, according to Thomson Reuters I/B/E/S.

For the third quarter ended Sept. 27, the casual dining chain earned $6.9 million, or 38 cents a share, compared with $4.6 million, or 25 cents a share, a year ago.

Revenue rose 25 percent to $132.7 million in the quarter.

Analysts on average expected the company to earn 38 cents a share, before items, on revenue of $136.7 million.

Buffalo Wild Wings, which competes with Texas Roadhouse Inc (TXRH.O) and Red Robin Gourmet Burgers Inc (RRGB.O), said it plans to open 21 new restaurants in the fourth quarter.

Shares of the Minneapolis-based company, which currently operates 633 restaurants in 41 states, were down 4 percent at $40.00 in after-market trade. They closed at $41.65 Tuesday on Nasdaq.

For related alerts double click [ID:nWNAB5122] (Editing by Anne Pallivathuckal)