BMO Capital Markets Reiterates Market Perform Rating for Buffalo Wild Wings, Inc. (BWLD)
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a report released on Thursday. They currently have a $130.00 price target on the restaurant operator’s stock, down from their previous price target of $150.00. BMO Capital Markets’ target price suggests a potential upside of 19.21% from the stock’s previous close.
BWLD has been the subject of several other research reports. 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 stock from $175.00 to $180.00 in a report on Friday, May 19th. TheStreet cut shares of Buffalo Wild Wings from a “b-” rating to a “c” rating in a report on Thursday, June 22nd. Telsey Advisory Group raised their target price on shares of Buffalo Wild Wings from $162.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. Finally, Wedbush cut shares of Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $150.00 to $155.00 in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $141.78.
Shares of Buffalo Wild Wings (NASDAQ BWLD) traded down 11.09% during midday trading on Thursday, hitting $109.05. 2,399,190 shares of the stock were exchanged. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 23.61 and a beta of 0.88. Buffalo Wild Wings has a 12 month low of $106.65 and a 12 month high of $175.10. The firm’s 50-day moving average is $128.64 and its 200-day moving average is $147.21.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.35. Buffalo Wild Wings had a return on equity of 16.55% and a net margin of 4.14%. The business had revenue of $500 million for the quarter, compared to analysts’ expectations of $512.68 million. During the same period last year, the business earned $1.27 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Buffalo Wild Wings will post $5.25 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Buffalo Wild Wings by 21,879.4% in the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares in the last quarter. Clearbridge Investments LLC increased its position in Buffalo Wild Wings by 59.2% in the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares in the last quarter. Victory Capital Management Inc. increased its position in Buffalo Wild Wings by 40,702.8% in the first quarter. Victory Capital Management Inc. now owns 221,151 shares of the restaurant operator’s stock valued at $33,781,000 after buying an additional 220,609 shares in the last quarter. Clearfield Capital Management LP acquired a new position in Buffalo Wild Wings during the first quarter valued at $23,585,000. Finally, Norges Bank acquired a new position in Buffalo Wild Wings during the fourth quarter valued at $21,888,000. 90.69% of the stock is currently owned by hedge funds and other institutional investors.
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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