Buffalo Wild Wings Inc. (BWLD) Rating Lowered to Hold at Vetr Inc.
Buffalo Wild Wings Inc. (NASDAQ:BWLD) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $145.00 price objective on the stock. Vetr‘s price target indicates a potential upside of 6.67% from the stock’s current price.
BWLD has been the subject of a number of other research reports. BMO Capital Markets reiterated a “buy” rating on shares of Buffalo Wild Wings in a research note on Monday, September 26th. Canaccord Genuity initiated coverage on shares of Buffalo Wild Wings in a research note on Monday, August 22nd. They set a “hold” rating and a $175.00 price target for the company. Buckingham Research reiterated a “neutral” rating and set a $161.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, September 7th. Robert W. Baird restated an “outperform” rating on shares of Buffalo Wild Wings in a research note on Thursday, September 8th. Finally, Guggenheim upgraded shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Buffalo Wild Wings has a consensus rating of “Hold” and a consensus target price of $158.00.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.74% during mid-day trading on Monday, hitting $135.93. 904,898 shares of the stock were exchanged. The company has a 50-day moving average price of $155.32 and a 200-day moving average price of $148.20. Buffalo Wild Wings has a one year low of $122.25 and a one year high of $197.46. The company has a market cap of $2.49 billion, a P/E ratio of 25.58 and a beta of 0.92.
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Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.01. The firm earned $490.20 million during the quarter, compared to analysts’ expectations of $498.86 million. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. Buffalo Wild Wings’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. Analysts forecast that Buffalo Wild Wings will post $5.72 earnings per share for the current fiscal year.
In other Buffalo Wild Wings news, CEO Sally J. Smith sold 1,500 shares of Buffalo Wild Wings stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $136.55, for a total transaction of $204,825.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Block sold 750 shares of Buffalo Wild Wings stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $155.00, for a total transaction of $116,250.00. Following the transaction, the senior vice president now directly owns 4,963 shares in the company, valued at $769,265. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Buffalo Wild Wings by 1.7% in the second quarter. Vanguard Group Inc. now owns 1,370,477 shares of the company’s stock worth $190,428,000 after buying an additional 22,529 shares during the period. BlackRock Fund Advisors raised its stake in Buffalo Wild Wings by 2.1% in the second quarter. BlackRock Fund Advisors now owns 953,162 shares of the company’s stock worth $132,442,000 after buying an additional 19,777 shares in the last quarter. Franklin Resources Inc. raised its stake in Buffalo Wild Wings by 11.7% in the second quarter. Franklin Resources Inc. now owns 671,035 shares of the company’s stock worth $93,261,000 after buying an additional 70,298 shares in the last quarter. State Street Corp raised its stake in Buffalo Wild Wings by 1.4% in the first quarter. State Street Corp now owns 607,106 shares of the company’s stock worth $89,924,000 after buying an additional 8,228 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Buffalo Wild Wings by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 549,032 shares of the company’s stock worth $76,288,000 after buying an additional 8,764 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
To view Vetr’s full report, visit Vetr’s official website.
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