Buffalo Wild Wings Stock Rating Upgraded by Morgan Stanley (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD) was upgraded by Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday. The firm currently has a $148.00 target price on the stock. Morgan Stanley’s price target indicates a potential upside of 3.79% from the stock’s previous close.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 144.35 on Tuesday. Buffalo Wild Wings has a 52 week low of $103.39 and a 52 week high of $167.64. The stock’s 50-day moving average is $155.7 and its 200-day moving average is $146.5. The company has a market cap of $2.731 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.88 earnings per share. Buffalo Wild Wings’s revenue was up 20.0% compared to the same quarter last year. Analysts expect that Buffalo Wild Wings will post $5.05 EPS for the current fiscal year.
BWLD has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Buffalo Wild Wings in a research note on Wednesday, July 30th. They now have a $170.00 price target on the stock, down previously from $180.00. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Buffalo Wild Wings presently has a consensus rating of “Buy” and an average price target of $151.79.
In other Buffalo Wild Wings news, Director Warren E. Mack unloaded 1,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $144.52, for a total transaction of $144,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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