Buffalo Wild Wings Inc. (BWLD) Lifted to Buy at Vetr Inc.
Buffalo Wild Wings Inc. (NASDAQ:BWLD) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $145.00 price objective on the stock. Vetr‘s target price would suggest a potential upside of 6.67% from the stock’s current price.
A number of other equities analysts have also commented on BWLD. BMO Capital Markets reissued a “buy” rating on shares of Buffalo Wild Wings in a research note on Sunday, June 12th. Guggenheim raised Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Friday, June 24th. Zacks Investment Research raised Buffalo Wild Wings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG increased their price target on Buffalo Wild Wings from $120.00 to $136.34 and gave the company an “underperform” rating in a research note on Wednesday, July 20th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $175.00 price target on shares of Buffalo Wild Wings in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $162.85.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 135.93 on Monday. The stock’s 50 day moving average price is $155.32 and its 200 day moving average price is $148.20. The stock has a market capitalization of $2.49 billion, a PE ratio of 25.58 and a beta of 0.92. Buffalo Wild Wings has a 1-year low of $122.25 and a 1-year high of $197.46.
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Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The company earned $490.20 million during the quarter, compared to analyst estimates of $498.86 million. During the same period in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. On average, equities research analysts predict 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 2,000 shares of Buffalo Wild Wings stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $166.02, for a total transaction of $332,040.00. Following the completion of the sale, the chief executive officer now owns 54,393 shares of the company’s stock, valued at approximately $9,030,325.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judith A. Shoulak sold 1,992 shares of Buffalo Wild Wings stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $150.00, for a total value of $298,800.00. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Buffalo Wild Wings by 139.2% in the first quarter. Royal Bank of Canada now owns 306,992 shares of the company’s stock worth $45,471,000 after buying an additional 178,671 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Buffalo Wild Wings by 37.5% in the second quarter. Bank of New York Mellon Corp now owns 344,239 shares of the company’s stock worth $47,832,000 after buying an additional 93,923 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of 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. Emerald Acquisition Ltd. purchased a new stake in shares of Buffalo Wild Wings during the second quarter worth approximately $9,485,000. Finally, Honeywell International Inc. purchased a new stake in shares of Buffalo Wild Wings during the second quarter worth approximately $8,754,000. 94.76% of the stock is owned by institutional investors.
About Buffalo Wild Wings
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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