Buffalo Wild Wings Downgraded by Raymond James to “Market Perform” (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $120.00 price target on the stock. Raymond James’ price objective indicates a potential downside of 15.93% from the stock’s previous close.
BWLD has been the subject of a number of other recent research reports. Analysts at B. Riley raised their price target on shares of Buffalo Wild Wings from $115.00 to $150.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Buffalo Wild Wings from $118.00 to $133.00 in a research note to investors on Thursday, October 17th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Buffalo Wild Wings from $115.00 to $125.00 in a research note to investors on Monday, October 14th. They now have an “overweight” rating on the stock. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $128.38.
In other Buffalo Wild Wings news, Director Warren E. Mack unloaded 1,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 142.745 on Wednesday. Buffalo Wild Wings has a 52-week low of $69.72 and a 52-week high of $144.93. The stock has a 50-day moving average of $118.0 and a 200-day moving average of $104.1. The company has a market cap of $2.680 billion and a P/E ratio of 44.40.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.10. The company had revenue of $315.80 million for the quarter, compared to the consensus estimate of $311.59 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts predict that Buffalo Wild Wings will post $3.74 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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