Buffalo Wild Wings Rating Reiterated by Zacks (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD)‘s stock had its “outperform” rating reaffirmed by Zacks in a research note issued on Thursday, Stock Ratings News reports. They currently have a $153.00 price target on the stock. Zacks‘ target price indicates a potential upside of 20.36% from the stock’s previous close.
Zacks‘ analyst wrote, “Buffalo Wild Wings posted mixed fourth quarter 2013 results. Earnings beat the Zacks Consensus Estimate by 3.8% and were up 23.6% year over year driven by an increase in the top line and lower cost of sales. Though the top line missed the Zacks Consensus Estimate by 1.0%, it was up 12.4% year over year driven by comps and new unit openings. Comps were up 5.2% year over year owing to menu price increases. The company has been consistently posting positive comps for the past two years. We are encouraged by the company’s strong market standing, new menu launches and increased media exposure. Moreover, its association with the NCAA will increase its visibility as a brand. Its foray into smaller prototype restaurants, like PizzaRev, is also a positive for the stock. Overall, therefore we maintain our Outperform recommendation on the stock.”
Several other analysts have also recently commented on the stock. Analysts at Miller Tabak upgraded shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $148.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of Buffalo Wild Wings from $165.00 to $170.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Buffalo Wild Wings from $150.00 to $142.00 in a research note to investors on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $138.81.
Buffalo Wild Wings (NASDAQ:BWLD) traded up 3.74% on Thursday, hitting $131.88. The stock had a trading volume of 690,856 shares. Buffalo Wild Wings has a one year low of $74.47 and a one year high of $152.53. The stock’s 50-day moving average is $141.7 and its 200-day moving average is $126.5. The company has a market cap of $2.477 billion and a P/E ratio of 35.52. Buffalo Wild Wings also was the recipient of some unusual options trading activity on Tuesday. Traders purchased 8,871 put options on the stock. This represents an increase of 664% compared to the average daily volume of 1,161 put options.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.04. The company had revenue of $341.50 million for the quarter, compared to the consensus estimate of $346.85 million. During the same quarter last year, the company posted $0.90 earnings per share. Buffalo Wild Wings’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Buffalo Wild Wings will post $4.76 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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.