Buffalo Wild Wings (BWLD) Given “Buy” Rating at Deutsche Bank AG
Buffalo Wild Wings (NASDAQ:BWLD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued on Monday. They presently have a $180.00 target price on the restaurant operator’s stock. Deutsche Bank AG’s price target indicates a potential upside of 19.52% from the company’s previous close.
A number of other equities analysts have also issued reports on BWLD. BMO Capital Markets reaffirmed a “hold” rating and set a $185.00 price target on shares of Buffalo Wild Wings in a research note on Friday, March 24th. BTIG Research reaffirmed a “neutral” rating on shares of Buffalo Wild Wings in a research note on Monday, April 17th. CLSA lowered Buffalo Wild Wings from an “underperform” rating to a “sell” rating in a research note on Tuesday, January 31st. Citigroup Inc decreased their price target on Buffalo Wild Wings from $178.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, March 20th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating on shares of Buffalo Wild Wings in a research note on Wednesday, February 8th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Buffalo Wild Wings currently has an average rating of “Hold” and a consensus target price of $161.26.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.31% during mid-day trading on Monday, hitting $150.60. The company had a trading volume of 352,710 shares. The stock’s 50 day moving average price is $156.38 and its 200 day moving average price is $156.80. Buffalo Wild Wings has a 52-week low of $133.34 and a 52-week high of $175.10. The firm has a market cap of $2.43 billion, a P/E ratio of 32.60 and a beta of 0.96.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a net margin of 4.76% and a return on equity of 15.58%. The business had revenue of $534.80 million during the quarter, compared to analyst estimates of $536.10 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that Buffalo Wild Wings will post $5.55 EPS for the current fiscal year.
In other news, CEO Sally J. Smith sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the sale, the chief executive officer now owns 46,073 shares of the company’s stock, valued at $6,910,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.19% of the company’s stock.
Several hedge funds have recently modified their holdings of BWLD. Suntrust Banks Inc. boosted its stake in shares of Buffalo Wild Wings by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,451 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 12 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Buffalo Wild Wings by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,331 shares of the restaurant operator’s stock valued at $1,750,000 after buying an additional 40 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 44 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 56 shares during the period. Finally, Neuburgh Advisers LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 68 shares during the period. 92.00% of the stock is owned by institutional investors and hedge funds.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. As of December 25, 2016, the Company’s made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.
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