Insider Selling: Buffalo Wild Wings COO Unloads 1,000 Shares of Stock (BWLD)
Buffalo Wild Wings (NASDAQ:BWLD) COO James M. Schmidt unloaded 1,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $143.38, for a total transaction of $143,380.00. Following the sale, the chief operating officer now directly owns 39,941 shares in the company, valued at approximately $5,726,741. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on BWLD. Analysts at Zacks downgraded shares of Buffalo Wild Wings from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $151.00 price target on the stock. Separately, analysts at S&P Equity Research raised their price target on shares of Buffalo Wild Wings from $3.06 to $3.80 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Finally, 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, August 12th. They now have a $148.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Buffalo Wild Wings currently has a consensus rating of “Buy” and an average price target of $142.49.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 0.01% during mid-day trading on Friday, hitting $142.81. 402,823 shares of the company’s stock traded hands. Buffalo Wild Wings has a 52-week low of $103.39 and a 52-week high of $167.64. The stock has a 50-day moving average of $153. and a 200-day moving average of $146.5. The company has a market cap of $2.702 billion and a price-to-earnings ratio of 29.87.
Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings data on Tuesday, July 29th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue 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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