Buffalo Wild Wings Inc. (BWLD) Downgraded to Buy at Vetr Inc.
Buffalo Wild Wings Inc. (NASDAQ:BWLD) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $162.50 target price on the stock. Vetr‘s price target indicates a potential upside of 13.96% from the stock’s previous close.
Several other analysts also recently issued reports on the company. BMO Capital Markets restated a “buy” rating and issued a $165.00 price target on shares of Buffalo Wild Wings in a research note on Monday, June 20th. Credit Agricole SA initiated coverage on Buffalo Wild Wings in a research report on Wednesday, April 13th. They set an “underperform” rating for the company. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $200.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday, April 6th. Guggenheim upgraded Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, June 24th. Finally, Dougherty & Co reiterated a “neutral” rating on shares of Buffalo Wild Wings in a research report on Friday, April 22nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Buffalo Wild Wings has an average rating of “Hold” and an average target price of $162.46.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 2.34% during mid-day trading on Monday, reaching $142.60. The company had a trading volume of 624,483 shares. Buffalo Wild Wings has a 52-week low of $122.25 and a 52-week high of $190.91. The firm’s 50-day moving average price is $152.01 and its 200 day moving average price is $147.97. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 26.83 and a beta of 0.92.
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Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The business earned $490.20 million during the quarter, compared to the consensus estimate of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. Equities analysts expect that Buffalo Wild Wings will post $5.72 EPS for the current year.
In other news, EVP Judith A. Shoulak sold 1,992 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $150.00, for a total value of $298,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Andrew D. Block sold 250 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $150.00, for a total value of $37,500.00. Following the completion of the transaction, the senior vice president now owns 4,963 shares in the company, valued at approximately $744,450. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Investment Management Group LLC raised its position in Buffalo Wild Wings by 14.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 225,423 shares of the company’s stock worth $35,989,000 after buying an additional 29,011 shares in the last quarter. Wells Fargo & Company MN raised its position in Buffalo Wild Wings by 79.8% in the fourth quarter. Wells Fargo & Company MN now owns 161,838 shares of the company’s stock worth $25,836,000 after buying an additional 71,821 shares in the last quarter. Financial Counselors Inc. raised its position in Buffalo Wild Wings by 17.1% in the fourth quarter. Financial Counselors Inc. now owns 8,907 shares of the company’s stock worth $1,422,000 after buying an additional 1,301 shares in the last quarter. Victory Capital Management Inc. raised its position in Buffalo Wild Wings by 31.8% in the fourth quarter. Victory Capital Management Inc. now owns 215,225 shares of the company’s stock worth $34,361,000 after buying an additional 51,925 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Buffalo Wild Wings by 3.7% in the fourth quarter. Rhumbline Advisers now owns 35,606 shares of the company’s stock worth $5,684,000 after buying an additional 1,283 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.
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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