Buffalo Wild Wings Given Neutral Rating at Zacks (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Tuesday, American Banking and Market News reports. They currently have a $120.00 price target on the stock. Zacks‘ price target suggests a potential upside of 5.33% from the stock’s previous close.
Zacks‘ analyst wrote, “Buffalo Wild Wings’ delivered solid second-quarter 2013 results. Both earnings and revenues beat the Zacks Consensus Estimate and grew year over year. The year-over-year rise in revenues was on the back of solid comps and unit expansion. Overall, we are encouraged by the company’s strong market standing, new menu launches, unit expansion and increased media exposure. The company’s association with NCAA helps it to increase its visibility as a brand and attract customers through digital and social media platform. We believe that the company’s franchising initiative facilitates earnings growth and ROE expansion. However, higher food costs and increased operating expenses may hurt the company’s margin, going ahead. A limited consumer-spending environment has also added to the woes. Thus, we remain Neutral on the stock.”
Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.49% during mid-day trading on Tuesday, hitting $113.37. 173,077 shares of the company’s stock traded hands. Buffalo Wild Wings has a 52 week low of $69.72 and a 52 week high of $121.13. The stock has a 50-day moving average of $108. and a 200-day moving average of $99.53. The company has a market cap of $2.129 billion and a P/E ratio of 35.48.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results 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.
In other Buffalo Wild Wings news, CFO Mary Twinem unloaded 2,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $114.95, for a total value of $229,900.00. Following the transaction, the chief financial officer now directly owns 39,809 shares of the company’s stock, valued at approximately $4,576,045. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on BWLD. Analysts at Deutsche Bank raised their price target on shares of Buffalo Wild Wings from $110.00 to $130.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $110.07.
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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