Buffalo Wild Wings’ (NASDAQ:BWLD) “Market Perform” Rating Reiterated at Wells Fargo & Company
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “market perform” rating reiterated by equities researchers at Wells Fargo & Company in a research report issued on Saturday. They presently have a $125.00 price objective on the restaurant operator’s stock, down from their previous price objective of $148.00. Wells Fargo & Company’s price target indicates a potential upside of 2.17% from the stock’s current price.
A number of other research firms have also recently commented on BWLD. UBS AG boosted their price target on Buffalo Wild Wings from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Zacks Investment Research raised Buffalo Wild Wings from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Maxim Group reissued a “hold” rating and set a $170.00 price target on shares of Buffalo Wild Wings in a report on Thursday, April 27th. Robert W. Baird cut Buffalo Wild Wings from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $160.00 in a report on Thursday, April 27th. Finally, Telsey Advisory Group boosted their price target on Buffalo Wild Wings from $162.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $152.14.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.20% on Friday, reaching $122.35. The company’s stock had a trading volume of 443,670 shares. The company has a market cap of $1.97 billion, a P/E ratio of 26.49 and a beta of 0.88. Buffalo Wild Wings has a 12 month low of $119.55 and a 12 month high of $175.10. The company has a 50-day moving average price of $132.45 and a 200 day moving average price of $148.35.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by $0.24. Buffalo Wild Wings had a return on equity of 16.55% and a net margin of 4.14%. The business had revenue of $534.80 million for the quarter, compared to analyst estimates of $536.10 million. During the same period last year, the firm posted $1.73 EPS. Buffalo Wild Wings’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Buffalo Wild Wings will post $5.27 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Tyers Asset Management LLC boosted its position 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 during the last quarter. Public Employees Retirement System of Ohio boosted its position 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 during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Buffalo Wild Wings during the first quarter worth about $130,000. Flinton Capital Management LLC boosted its position 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 during the last quarter. Finally, Neuburgh Advisers LLC boosted its position 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 during the last quarter. 90.36% 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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