Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its target price reduced by equities researchers at Oppenheimer Holdings, Inc. from $165.00 to $135.00 in a report issued on Thursday. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 10.07% from the company’s previous close.

A number of other equities analysts have also issued reports on BWLD. UBS AG set a $185.00 target price on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Thursday, April 27th. Barclays PLC dropped their target price on shares of Buffalo Wild Wings to $144.00 and set an “overweight” rating on the stock in a research report on Thursday. Credit Suisse Group reiterated a “neutral” rating and set a $120.00 price target (down previously from $150.00) on shares of Buffalo Wild Wings in a research note on Thursday. Maxim Group decreased their price target on shares of Buffalo Wild Wings from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Buffalo Wild Wings in a research note on Monday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $145.73.

Buffalo Wild Wings (NASDAQ:BWLD) traded down 10.31% on Thursday, hitting $110.00. 1,312,293 shares of the stock were exchanged. The stock has a market cap of $1.78 billion, a PE ratio of 23.81 and a beta of 0.88. The company’s 50 day moving average is $129.64 and its 200 day moving average is $147.49. Buffalo Wild Wings has a 1-year low of $106.65 and a 1-year high of $175.10.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $500 million for the quarter, compared to the consensus estimate of $512.68 million. During the same period last year, the firm posted $1.27 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Buffalo Wild Wings will post $5.25 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of BWLD. Canada Pension Plan Investment Board bought a new position in shares of Buffalo Wild Wings during the first quarter valued at about $1,833,000. Greenwich Wealth Management LLC increased its position in shares of 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. Alambic Investment Management L.P. bought a new position in shares of Buffalo Wild Wings during the first quarter valued at about $458,000. Stifel Financial Corp increased its position in shares of Buffalo Wild Wings by 15.2% in the first quarter. Stifel Financial Corp now owns 3,749 shares of the restaurant operator’s stock valued at $574,000 after buying an additional 495 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Buffalo Wild Wings by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,423 shares of the restaurant operator’s stock valued at $981,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.69% 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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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