Q3 2016 EPS Estimates for Buffalo Wild Wings Inc. (BWLD) Reduced by Analyst
Buffalo Wild Wings Inc. (NASDAQ:BWLD) – Stock analysts at Dougherty & Co reduced their Q3 2016 earnings per share (EPS) estimates for shares of Buffalo Wild Wings in a report issued on Monday. Dougherty & Co analyst J. Hamblin now forecasts that the firm will post earnings per share of $1.19 for the quarter, down from their prior forecast of $1.20. Dougherty & Co also issued estimates for Buffalo Wild Wings’ Q4 2016 earnings at $1.39 EPS, FY2016 earnings at $5.57 EPS and FY2017 earnings at $6.33 EPS.
Buffalo Wild Wings (NASDAQ:BWLD) last posted 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 company had revenue of $490.20 million for the quarter, compared to the consensus estimate 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 revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share.
Other analysts have also recently issued reports about the stock. BMO Capital Markets restated a “buy” rating on shares of Buffalo Wild Wings in a report on Sunday, June 26th. Vetr cut shares of Buffalo Wild Wings from a “strong-buy” rating to a “buy” rating and set a $162.50 price target for the company. in a report on Monday, July 25th. Morgan Stanley restated a “hold” rating and set a $151.00 price target on shares of Buffalo Wild Wings in a report on Thursday, July 28th. Buckingham Research restated a “neutral” rating and set a $149.00 price target on shares of Buffalo Wild Wings in a report on Tuesday, July 26th. Finally, Telsey Advisory Group raised their price target on shares of Buffalo Wild Wings from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $162.85.
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Buffalo Wild Wings (NASDAQ:BWLD) traded up 0.01% during trading on Tuesday, reaching $138.01. 195,881 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.97 and a beta of 0.93. The company’s 50 day moving average price is $154.61 and its 200-day moving average price is $148.21. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $193.41.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. increased its position in Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock worth $143,000 after buying an additional 428 shares during the last quarter. LS Investment Advisors LLC increased its position in Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Buffalo Wild Wings during the first quarter worth about $182,000. Pacer Advisors Inc. acquired a new position in Buffalo Wild Wings during the second quarter worth about $184,000. Finally, Quadrature Capital Ltd acquired a new position in Buffalo Wild Wings during the first quarter worth about $207,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
In related news, EVP Judith A. Shoulak sold 1,992 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $298,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sally J. Smith sold 1,500 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $136.55, for a total transaction of $204,825.00. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.
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.
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