Buffalo Wild Wings, Inc. (BWLD) PT Lowered to $105.00 at Stephens
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its price target dropped by equities researchers at Stephens from $120.00 to $105.00 in a report issued on Wednesday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target suggests a potential upside of 2.74% from the company’s current price.
Several other equities analysts have also commented on the stock. Wedbush restated a “hold” rating on shares of Buffalo Wild Wings in a research report on Friday, September 8th. Deutsche Bank AG restated a “buy” rating and set a $180.00 price target on shares of Buffalo Wild Wings in a research report on Wednesday, June 28th. Cowen and Company restated a “hold” rating and set a $110.00 price target on shares of Buffalo Wild Wings in a research report on Friday, September 1st. Barclays PLC lowered their price target on shares of Buffalo Wild Wings from $177.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, July 19th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target (down previously from $175.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. Buffalo Wild Wings presently has an average rating of “Hold” and a consensus price target of $135.65.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.10% during mid-day trading on Wednesday, hitting $102.20. 377,632 shares of the stock traded hands. The stock has a market cap of $1.58 billion, a P/E ratio of 25.89 and a beta of 0.83. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. The firm’s 50 day moving average price is $103.81 and its 200-day moving average price is $129.51.
Buffalo Wild Wings (NASDAQ:BWLD) last released 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). The firm had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. Analysts predict that Buffalo Wild Wings will post $4.47 earnings per share for the current year.
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In other news, Director International Master F. Marcato acquired 9,100 shares of Buffalo Wild Wings stock in a transaction on Tuesday, August 1st. The stock was bought at an average cost of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.19% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in 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 valued at $263,048,000 after buying an additional 1,714,248 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 valued at $215,305,000 after buying an additional 6,256 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Buffalo Wild Wings by 59.2% during the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Buffalo Wild Wings by 6.6% during the second quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after buying an additional 40,406 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Buffalo Wild Wings during the second quarter valued at about $618,000. 88.52% of the stock is 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.
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