Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Equities research analysts at Dougherty & Co lowered their Q3 2017 EPS estimates for Buffalo Wild Wings in a report released on Thursday. Dougherty & Co analyst J. Hamblin now anticipates that the restaurant operator will earn $0.81 per share for the quarter, down from their previous forecast of $1.21. Dougherty & Co also issued estimates for Buffalo Wild Wings’ FY2017 earnings at $4.59 EPS.

Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by $0.35. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The business had revenue of $500 million during the quarter, compared to analyst estimates of $512.68 million. During the same period last year, the business posted $1.27 EPS. Buffalo Wild Wings’s revenue was up 2.0% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/21/dougherty-co-analysts-reduce-earnings-estimates-for-buffalo-wild-wings-inc-bwld.html.

A number of other brokerages have also issued reports on BWLD. Zacks Investment Research upgraded Buffalo Wild Wings from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Maxim Group reiterated a “hold” rating and set a $170.00 price target on shares of Buffalo Wild Wings in a research report on Thursday, April 27th. Robert W. Baird lowered Buffalo Wild Wings from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $160.00 in a research report on Thursday, April 27th. UBS AG set a $185.00 price objective on Buffalo Wild Wings and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Telsey Advisory Group upped their price objective on Buffalo Wild Wings from $162.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. Buffalo Wild Wings presently has an average rating of “Hold” and a consensus price target of $142.55.

Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 108.70 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 27.53 and a beta of 0.86. The firm has a 50-day moving average price of $117.48 and a 200-day moving average price of $142.53. Buffalo Wild Wings has a 12-month low of $105.10 and a 12-month high of $175.10.

In other news, Director International Master F. Marcato bought 9,100 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.19% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tyers Asset Management LLC raised 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 valued at $114,000 after buying an additional 44 shares during the last quarter. Public Employees Retirement System of Ohio raised 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 valued at $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 valued at $130,000. Flinton Capital Management LLC raised 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 valued at $146,000 after buying an additional 56 shares during the last quarter. Finally, Neuburgh Advisers LLC raised 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 valued at $177,000 after buying an additional 68 shares during the last quarter. 95.39% of the stock is currently owned by institutional investors.

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.

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

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