Buffalo Wild Wings, Inc. (BWLD) Rating Reiterated by Wedbush
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “hold” rating reiterated by investment analysts at Wedbush in a research note issued to investors on Friday.
Several other equities research analysts have also weighed in on BWLD. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a report on Sunday, May 28th. KeyCorp reduced their target price on Buffalo Wild Wings from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, June 6th. UBS AG restated a “buy” rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a report on Monday, July 10th. Stephens restated an “equal weight” rating and issued a $145.00 target price on shares of Buffalo Wild Wings in a report on Wednesday, July 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price (down from $175.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company. Buffalo Wild Wings has a consensus rating of “Hold” and a consensus price target of $141.67.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 96.45 on Friday. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 24.43 and a beta of 0.86. The company has a 50-day moving average of $109.68 and a 200 day moving average of $137.57.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly 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. The firm had revenue of $500 million for the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Equities analysts anticipate that Buffalo Wild Wings will post $4.53 earnings per share for the current year.
In related news, Director International Master F. Marcato purchased 9,100 shares of the stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of $109.71 per share, for a total transaction of $998,361.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.19% of the company’s stock.
A number of large investors have recently made changes to their positions in BWLD. BlackRock Inc. grew 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 acquiring an additional 1,714,248 shares during the period. Koch Industries Inc. bought a new stake in Buffalo Wild Wings in the second quarter valued at $618,000. Clearbridge Investments LLC grew 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 acquiring an additional 306,743 shares during the period. Balyasny Asset Management LLC bought a new stake in Buffalo Wild Wings in the fourth quarter valued at $42,866,000. Finally, Victory Capital Management Inc. grew 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 acquiring an additional 220,609 shares during the period. Hedge funds and other institutional investors own 89.21% 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.
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