Analysts Expect Buffalo Wild Wings, Inc. (NASDAQ:BWLD) Will Post Earnings of $1.06 Per Share
Wall Street brokerages expect Buffalo Wild Wings, Inc. (NASDAQ:BWLD) to report earnings of $1.06 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Buffalo Wild Wings’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.20. Buffalo Wild Wings posted earnings of $1.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Buffalo Wild Wings will report full year earnings of $5.44 per share for the current financial year, with EPS estimates ranging from $5.12 to $5.68. For the next financial year, analysts forecast that the firm will report earnings of $6.65 per share, with EPS estimates ranging from $5.78 to $7.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Buffalo Wild Wings.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a net margin of 4.14% and a return on equity of 16.55%. The company had revenue of $534.80 million for the quarter, compared to the consensus estimate of $536.10 million. During the same quarter in the previous year, the firm earned $1.73 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.
A number of equities research analysts have issued reports on BWLD shares. Citigroup Inc. cut their price objective on shares of Buffalo Wild Wings from $178.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, March 20th. UBS AG raised shares of Buffalo Wild Wings to a “buy” rating in a report on Monday, May 15th. Maxim Group raised shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and raised their target price for the company from $175.00 to $180.00 in a report on Friday, May 19th. TheStreet lowered shares of Buffalo Wild Wings from a “b-” rating to a “c” rating in a report on Thursday, June 22nd. Finally, Telsey Advisory Group raised their target price on shares of Buffalo Wild Wings from $162.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Two research 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 a consensus price target of $156.32.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.81% during midday trading on Monday, reaching $122.00. 283,726 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $144.14 and its 200 day moving average price is $152.38. Buffalo Wild Wings has a one year low of $121.40 and a one year high of $175.10. The firm has a market capitalization of $1.97 billion, a PE ratio of 26.41 and a beta of 0.88.
A number of institutional investors have recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its position 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 valued at $1,135,000 after buying an additional 82 shares during the period. First Midwest Bank Trust Division raised its position in 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 during the period. Russell Investments Group Ltd. raised its position in 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 during the period. Janney Montgomery Scott LLC bought a new position in Buffalo Wild Wings during the first quarter valued at about $1,190,000. Finally, Thomson Horstmann & Bryant Inc. raised its position in 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 during the period. Institutional investors own 90.76% of the company’s stock.
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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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