Buffalo Wild Wings, Inc. (BWLD) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a report issued on Wednesday. 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 32.09% from the stock’s previous close.
A number of other research analysts also recently issued reports on BWLD. TheStreet downgraded Buffalo Wild Wings from a “b-” rating to a “c” rating in a report on Thursday, June 22nd. Deutsche Bank AG restated a “buy” rating and set a $180.00 price target on shares of Buffalo Wild Wings in a report on Wednesday, June 28th. Stephens downgraded Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $195.00 to $145.00 in a report on Wednesday, July 5th. Longbow Research upgraded Buffalo Wild Wings from an “underperform” rating to a “neutral” rating in a report on Thursday, July 6th. Finally, Canaccord Genuity reduced their price target on Buffalo Wild Wings from $160.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The company 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 midday trading on Wednesday, hitting $102.20. The company had a trading volume of 377,507 shares. The firm’s 50 day moving average is $103.81 and its 200 day moving average is $129.51. Buffalo Wild Wings has a 52 week low of $95.00 and a 52 week high of $175.10. The company has a market capitalization of $1.58 billion, a P/E ratio of 25.89 and a beta of 0.83.
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 analysts’ consensus estimates of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. 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 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Buffalo Wild Wings will post $4.47 EPS for the current year.
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In other news, Director International Master F. Marcato acquired 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $109.71 per share, for a total transaction of $998,361.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BWLD. Public Employees Retirement System of Ohio raised its holdings in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 77 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Buffalo Wild Wings in the 1st quarter worth approximately $130,000. Riverhead Capital Management LLC raised its holdings in Buffalo Wild Wings by 95.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after acquiring an additional 765 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Buffalo Wild Wings by 9.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 131 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in Buffalo Wild Wings by 73.5% in the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
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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