Buffalo Wild Wings Price Target Increased to $130.00 by Analysts at Deutsche Bank (BWLD)
Investment analysts at Deutsche Bank boosted their price objective on shares of Buffalo Wild Wings (NASDAQ:BWLD) from $110.00 to $130.00 in a note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 14.11% from the stock’s previous close.
The analysts wrote, “We believe the July sluggishness discussed on 2Q conf. calls generally continued through the balance of 3Q. From MCD to DFRG, mgmt. tone has remained cautious on the restaurant consumer. In contrast, sector valuations are near cyclical peaks (~22x NTM P/E), leaving us concerned about relative and absolute perf. for the group into earnings season. Also, an extended govt. shutdown would likely cause some further retrenchment in restaurant spending. Maintain defensive bias. Reiterate Buys on MCD (franchise income on the cheap) and BWLD (favorable margin outlook protects EPS).”
In other Buffalo Wild Wings news, CFO Mary J. Twinem sold 2,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $114.95, for a total value of $229,900.00. The sale was disclosed in a filing with the SEC, which is available at this link.
BWLD has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Buffalo Wild Wings from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at Wedbush raised their price target on shares of Buffalo Wild Wings from $120.00 to $135.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at Northcoast Research initiated coverage on shares of Buffalo Wild Wings in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $109.33.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.82% during mid-day trading on Monday, hitting $113.93. 322,699 shares of the company’s stock traded hands. Buffalo Wild Wings has a one year low of $69.72 and a one year high of $121.13. The stock’s 50-day moving average is $108.6 and its 200-day moving average is $99.12. The company has a market cap of $2.139 billion and a P/E ratio of 36.14.
Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings data on Tuesday, July 30th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue 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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