Buffalo Wild Wings’ (BWLD) “Market Perform” Rating Reiterated at Cowen and Company
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “market perform” rating restated by investment analysts at Cowen and Company in a research report issued on Wednesday. They currently have a $110.00 price target on the restaurant operator’s stock. Cowen and Company’s target price would suggest a potential upside of 0.96% from the company’s previous close.
BWLD has been the subject of several other reports. UBS AG set a $155.00 price objective on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Wedbush reiterated a “hold” rating on shares of Buffalo Wild Wings in a research note on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and set a $145.00 price objective (down from $165.00) on shares of Buffalo Wild Wings in a research note on Thursday, July 27th. TheStreet downgraded shares of Buffalo Wild Wings from a “b-” rating to a “c” rating in a research note on Thursday, June 22nd. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $125.00 price objective (down from $148.00) on shares of Buffalo Wild Wings in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $140.71.
Buffalo Wild Wings (BWLD) traded up 2.02% during trading on Wednesday, hitting $111.15. 226,675 shares of the company were exchanged. The company has a 50-day moving average of $106.69 and a 200-day moving average of $134.47. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $175.10. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 28.15 and a beta of 0.86.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (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 business had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $512.68 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Buffalo Wild Wings’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Buffalo Wild Wings by 21,879.4% during the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock worth $263,048,000 after purchasing an additional 1,714,248 shares during the period. Vanguard Group Inc. raised its holdings in shares of Buffalo Wild Wings by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock worth $215,305,000 after purchasing an additional 6,256 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Buffalo Wild Wings by 59.2% during the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock worth $126,005,000 after purchasing an additional 306,743 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Buffalo Wild Wings by 6.6% during the second quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock worth $83,023,000 after purchasing an additional 40,406 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Buffalo Wild Wings during the second quarter worth $618,000. 88.52% of the stock is currently owned by 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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