Canaccord Genuity Lowers Buffalo Wild Wings, Inc. (BWLD) Price Target to $135.00
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its price objective dropped by stock analysts at Canaccord Genuity to $135.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Canaccord Genuity’s price objective indicates a potential upside of 7.40% from the company’s previous close.
Several other analysts also recently commented on the stock. Longbow Research raised shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating in a report on Thursday. Stephens downgraded shares of Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $195.00 to $145.00 in a report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $180.00 target price on shares of Buffalo Wild Wings in a report on Wednesday, June 28th. TheStreet downgraded shares of Buffalo Wild Wings from a “b-” rating to a “c” rating in a report on Thursday, June 22nd. Finally, Mizuho began coverage on shares of Buffalo Wild Wings in a report on Thursday, June 8th. They set a “neutral” rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Buffalo Wild Wings currently has an average rating of “Hold” and an average target price of $157.57.
Buffalo Wild Wings (NASDAQ BWLD) opened at 125.70 on Friday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 27.21 and a beta of 0.88. The stock’s 50 day moving average is $144.14 and its 200-day moving average is $152.38. Buffalo Wild Wings has a 12 month low of $124.55 and a 12 month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last announced 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. The company had revenue of $534.80 million for the quarter, compared to the consensus estimate of $536.10 million. Buffalo Wild Wings had a return on equity of 16.55% and a net margin of 4.14%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. On average, analysts anticipate that Buffalo Wild Wings will post $5.40 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its stake in Buffalo Wild Wings by 1.1% in the first quarter. Greenwich Wealth Management LLC now owns 7,429 shares of the restaurant operator’s stock worth $1,135,000 after buying an additional 82 shares in the last quarter. First Midwest Bank Trust Division raised its position in shares of Buffalo Wild Wings by 11.7% in the first quarter. First Midwest Bank Trust Division now owns 8,108 shares of the restaurant operator’s stock valued at $1,238,000 after buying an additional 847 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Buffalo Wild Wings by 80.3% in the first quarter. Russell Investments Group Ltd. now owns 9,248 shares of the restaurant operator’s stock valued at $1,413,000 after buying an additional 4,118 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Buffalo Wild Wings during the first quarter valued at about $1,190,000. Finally, Thomson Horstmann & Bryant Inc. raised its position in shares of Buffalo Wild Wings by 15.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 6,111 shares of the restaurant operator’s stock valued at $933,000 after buying an additional 810 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.
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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