Buffalo Wild Wings, Inc. (BWLD) Given Average Rating of “Hold” by Analysts
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) has been given a consensus rating of “Hold” by the twenty-seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $141.21.
A number of equities analysts recently issued reports on BWLD shares. Deutsche Bank AG set a $180.00 price target on Buffalo Wild Wings and gave the stock a “buy” rating in a report on Sunday, May 28th. Wedbush lowered Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $150.00 to $155.00 in a report on Tuesday, May 30th. Jefferies Group LLC reissued a “hold” rating and set a $160.00 price target (up previously from $145.00) on shares of Buffalo Wild Wings in a report on Monday, June 5th. BMO Capital Markets reissued a “market perform” rating and set a $150.00 price target (down previously from $155.00) on shares of Buffalo Wild Wings in a report on Monday, June 5th. Finally, Robert W. Baird reissued a “neutral” rating and set a $160.00 price target on shares of Buffalo Wild Wings in a report on Monday, June 5th.
In related news, Director International Master F. Marcato acquired 9,100 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.19% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd raised its position in shares of Buffalo Wild Wings by 164.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 6,496 shares of the restaurant operator’s stock worth $823,000 after purchasing an additional 4,035 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Buffalo Wild Wings by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Buffalo Wild Wings during the 2nd quarter worth approximately $618,000. Verition Fund Management LLC acquired a new position in shares of Buffalo Wild Wings during the 2nd quarter worth approximately $837,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Buffalo Wild Wings during the 2nd quarter worth approximately $1,126,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
Buffalo Wild Wings (BWLD) opened at 105.05 on Friday. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $175.10. The stock has a 50 day moving average price of $106.69 and a 200 day moving average price of $134.47. The firm has a market cap of $1.63 billion, a PE ratio of 26.61 and a beta of 0.86.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly 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 17.14% and a net margin of 3.39%. The company had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $512.68 million. During the same period in the prior year, the business earned $1.27 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Buffalo Wild Wings will post $4.50 EPS for the current year.
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.
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