Buffalo Wild Wings Shares Gap Up on Analyst Upgrade (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD) shares gapped up before the market opened on Tuesday after S&P Equity Research raised their price target on the stock from $3.06 to $3.80, AmericanBankingNews.com reports. The stock had previously closed at $142.00, but opened at $142.60. S&P Equity Research currently has a buy rating on the stock. Buffalo Wild Wings shares last traded at $143.82, with a volume of 191,447 shares changing hands.
A number of other analysts have also recently weighed in on BWLD. Analysts at Morgan Stanley upgraded shares of Buffalo Wild Wings from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. They now have a $148.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating in a research note on Thursday, July 31st. They now have a $176.00 price target on the stock, up previously from $145.17. They noted that the move was a valuation call. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Buffalo Wild Wings in a research note on Wednesday, July 30th. They now have a $187.00 price target on the stock, down previously from $190.00. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Buffalo Wild Wings has an average rating of “Buy” and a consensus price target of $141.92.
In other Buffalo Wild Wings news, Director Warren E. Mack sold 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $144.52, for a total value of $144,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
The stock’s 50-day moving average is $155.1 and its 200-day moving average is $146.5. The company has a market cap of $2.721 billion and a price-to-earnings ratio of 29.83.
Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings data on Tuesday, July 29th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.06. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $358.85 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Analysts expect that Buffalo Wild Wings will post $5.05 EPS for the current fiscal year.
Buffalo Wild Wings, Inc, is an 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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