Zacks: Brokerages Expect Buffalo Wild Wings, Inc. (BWLD) Will Post Quarterly Sales of $514.90 Million
Wall Street brokerages expect Buffalo Wild Wings, Inc. (NASDAQ:BWLD) to report sales of $514.90 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Buffalo Wild Wings’ earnings, with the highest sales estimate coming in at $519.14 million and the lowest estimate coming in at $507.24 million. Buffalo Wild Wings reported sales of $490.18 million during the same quarter last year, which indicates a positive year over year growth rate of 5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Buffalo Wild Wings will report full-year sales of $514.90 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.14 billion. For the next financial year, analysts forecast that the business will post sales of $2.12 billion per share, with estimates ranging from $1.98 billion to $2.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Buffalo Wild Wings.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by $0.24. The company had revenue of $534.80 million during the quarter, compared to the consensus estimate of $536.10 million. Buffalo Wild Wings had a net margin of 4.14% and a return on equity of 16.55%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS.
Several brokerages recently issued reports on BWLD. Mizuho started coverage on Buffalo Wild Wings in a research report on Thursday, June 8th. They set a “neutral” rating and a $150.00 target price for the company. Deutsche Bank AG set a $180.00 price objective on Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Sunday, May 28th. Jefferies Group LLC reissued a “hold” rating and issued a $160.00 price objective (up from $145.00) on shares of Buffalo Wild Wings in a research report on Monday, June 5th. Citigroup Inc. reissued a “neutral” rating and issued a $161.00 price objective (down from $162.00) on shares of Buffalo Wild Wings in a research report on Monday, May 15th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $150.00 price objective (down from $155.00) on shares of Buffalo Wild Wings in a research report on Monday, June 5th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $160.90.
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Institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC bought a new position in Buffalo Wild Wings during the fourth quarter worth about $109,000. Public Employees Retirement System of Ohio increased its position in Buffalo Wild Wings by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock worth $117,000 after buying an additional 75 shares during the period. FNY Managed Accounts LLC bought a new position in Buffalo Wild Wings during the first quarter worth about $130,000. Flinton Capital Management LLC bought a new position in Buffalo Wild Wings during the fourth quarter worth about $138,000. Finally, Neuburgh Advisers LLC increased its position in Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock worth $177,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 90.44% of the company’s stock.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.550% during midday trading on Friday, reaching $138.125. The company had a trading volume of 240,421 shares. The company has a market capitalization of $2.23 billion, a PE ratio of 29.904 and a beta of 0.85. The stock has a 50-day moving average price of $152.19 and a 200 day moving average price of $155.25. Buffalo Wild Wings has a 12-month low of $133.34 and a 12-month high of $175.10.
About Buffalo Wild Wings
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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