Buffalo Wild Wings Stock Rating Lowered by Raymond James (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD) was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
BWLD has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Buffalo Wild Wings (NASDAQ:BWLD) from $120.00 to $135.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Northcoast Research initiated coverage on shares of Buffalo Wild Wings (NASDAQ:BWLD) in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Finally, analysts at Barclays Capital reiterated a “buy” rating on shares of Buffalo Wild Wings (NASDAQ:BWLD) in a research note to investors on Tuesday, August 27th. They now have a $115.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $107.67.
Buffalo Wild Wings (NASDAQ:BWLD) traded up 1.38% during mid-day trading on Tuesday, hitting $112.71. The stock had a trading volume of 126,784 shares. Buffalo Wild Wings has a 52-week low of $69.72 and a 52-week high of $113.12. The stock’s 50-day moving average is $107.3 and its 200-day moving average is $98.39. The company has a market cap of $2.116 billion and a price-to-earnings ratio of 34.62.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Tuesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $304.54 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, analysts predict that Buffalo Wild Wings will post $3.63 earnings per share for the current fiscal year.
Buffalo Wild Wings, Inc, is a owner, operator, and franchisor of restaurants. The Company features a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 16 types of sauces or five types of seasonings.
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