Buffalo Wild Wings Inc. (BWLD) Given “Outperform” Rating at BMO Capital Markets
Buffalo Wild Wings Inc. (NASDAQ:BWLD)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They currently have a $190.00 price objective on the stock. BMO Capital Markets’ target price indicates a potential upside of 37.08% from the company’s current price.
Several other analysts have also commented on the stock. Zacks Investment Research raised shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Tuesday, October 4th. Vetr lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Monday, October 3rd. Guggenheim raised shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, June 24th. Robert W. Baird reaffirmed an “outperform” rating on shares of Buffalo Wild Wings in a research report on Thursday, September 8th. Finally, Maxim Group lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $162.46.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 138.61 on Wednesday. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $190.98. The firm’s 50-day moving average price is $153.91 and its 200-day moving average price is $148.14. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 26.08 and a beta of 0.92.
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Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. On average, equities analysts expect that Buffalo Wild Wings will post $5.72 earnings per share for the current year.
In related news, SVP Andrew D. Block sold 250 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $37,500.00. Following the completion of the sale, the senior vice president now directly owns 4,963 shares in the company, valued at approximately $744,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $166.02, for a total transaction of $332,040.00. Following the sale, the chief executive officer now owns 54,393 shares of the company’s stock, valued at $9,030,325.86. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake 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 in the last quarter. LS Investment Advisors LLC raised its stake 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 in the last quarter. Pacer Advisors Inc. purchased a new stake in Buffalo Wild Wings during the second quarter worth approximately $184,000. Quadrature Capital Ltd purchased a new stake in Buffalo Wild Wings during the first quarter worth approximately $207,000. Finally, Oakbrook Investments LLC purchased a new stake in Buffalo Wild Wings during the second quarter worth approximately $208,000. Institutional investors own 94.76% 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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