Buffalo Wild Wings, Inc. (NASDAQ:BWLD) Posts Quarterly Earnings Results, Misses Estimates By $0.42 EPS
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.08 by $0.42, Bloomberg Earnings reports. Buffalo Wild Wings had a net margin of 4.14% and a return on equity of 16.55%. The company had revenue of $500 million for the quarter, compared to analyst estimates of $512.68 million. During the same quarter in the prior year, the company posted $1.27 EPS. Buffalo Wild Wings’s revenue for the quarter was up 2.0% on a year-over-year basis. Buffalo Wild Wings updated its FY17 guidance to $4.50-5.00 EPS.
Buffalo Wild Wings (NASDAQ BWLD) traded down 0.85% on Wednesday, hitting $122.65. 1,341,787 shares of the stock were exchanged. The company has a 50-day moving average of $129.64 and a 200-day moving average of $147.49. Buffalo Wild Wings has a 12 month low of $119.55 and a 12 month high of $175.10. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 26.55 and a beta of 0.88.
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Several equities analysts have recently weighed in on the stock. UBS AG upped their price objective on shares of Buffalo Wild Wings from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 21st. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Maxim Group reiterated a “hold” rating and set a $170.00 price objective on shares of Buffalo Wild Wings in a report on Thursday, April 27th. Robert W. Baird lowered shares of Buffalo Wild Wings from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $160.00 in a report on Thursday, April 27th. Finally, Telsey Advisory Group upped their price objective 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 equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $151.45.
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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