Oppenheimer Holdings, Inc. Reaffirms “Buy” Rating for Buffalo Wild Wings, Inc. (BWLD)
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “buy” rating reissued by equities researchers at Oppenheimer Holdings, Inc. in a research report issued on Friday. They presently have a $135.00 target price on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 26.02% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. UBS AG reissued a “buy” rating and issued a $175.00 target price (down previously from $185.00) on shares of Buffalo Wild Wings in a report on Monday, June 12th. Deutsche Bank AG set a $180.00 target price on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a report on Sunday, May 28th. 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. Finally, Stephens cut shares of Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $195.00 to $145.00 in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned 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 (BWLD) traded up 2.709% during mid-day trading on Friday, hitting $107.125. The stock had a trading volume of 1,059,418 shares. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $175.10. The company has a 50 day moving average price of $106.73 and a 200 day moving average price of $135.78. The stock has a market cap of $1.66 billion, a P/E ratio of 27.134 and a beta of 0.86.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The company had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. During the same period in the previous year, the business posted $1.27 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Buffalo Wild Wings will post $4.53 EPS for the current year.
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In other Buffalo Wild Wings news, Director International Master F. Marcato bought 9,100 shares of Buffalo Wild Wings stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $109.71 per share, for a total transaction of $998,361.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.19% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BWLD. Russell Investments Group Ltd. boosted its stake in Buffalo Wild Wings by 80.3% in the 1st quarter. Russell Investments Group Ltd. now owns 9,248 shares of the restaurant operator’s stock worth $1,413,000 after purchasing an additional 4,118 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Buffalo Wild Wings by 1.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,423 shares of the restaurant operator’s stock worth $981,000 after purchasing an additional 100 shares during the period. Canada Pension Plan Investment Board acquired a new position in Buffalo Wild Wings in the 1st quarter worth approximately $1,833,000. Tyers Asset Management LLC boosted its stake in Buffalo Wild Wings by 6.3% in the 1st quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 44 shares during the period. Finally, First Trust Advisors LP boosted its stake in Buffalo Wild Wings by 31.0% in the 1st quarter. First Trust Advisors LP now owns 16,737 shares of the restaurant operator’s stock worth $2,557,000 after purchasing an additional 3,963 shares during the period. 89.21% of the stock is 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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