Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Equities researchers at Wedbush dropped their Q2 2017 earnings per share estimates for Buffalo Wild Wings in a report released on Thursday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.95 for the quarter, down from their prior estimate of $1.09. Wedbush has a “Neutral” rating and a $115.00 price target on the stock. Wedbush also issued estimates for Buffalo Wild Wings’ FY2017 earnings at $5.07 EPS and FY2018 earnings at $5.67 EPS.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.24. The business had revenue of $534.80 million during the quarter, compared to analyst estimates of $536.10 million. Buffalo Wild Wings had a return on equity of 16.55% and a net margin of 4.14%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 EPS.

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Several other equities analysts have also weighed in on BWLD. BMO Capital Markets reaffirmed a “hold” rating and issued a $185.00 target price 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. Maxim Group reaffirmed a “hold” rating and issued a $170.00 target price (up previously from $145.00) on shares of Buffalo Wild Wings in a research note on Thursday, April 20th. UBS AG upped their target price on shares of Buffalo Wild Wings from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 21st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $145.00 target price (up previously from $134.50) on shares of Buffalo Wild Wings in a research note on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $153.05.

Buffalo Wild Wings (NASDAQ BWLD) opened at 122.60 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 26.54 and a beta of 0.88. Buffalo Wild Wings has a 52-week low of $119.55 and a 52-week high of $175.10. The firm has a 50-day moving average of $132.45 and a 200 day moving average of $148.35.

Hedge funds have recently made changes to their positions in the stock. 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 worth $114,000 after buying an additional 44 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of 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 in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Buffalo Wild Wings during the first quarter worth approximately $130,000. 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 worth $146,000 after buying an additional 56 shares in the last quarter. 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 worth $177,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

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.

Earnings History and Estimates for Buffalo Wild Wings (NASDAQ:BWLD)

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