Barclays PLC Lowers Buffalo Wild Wings, Inc. (BWLD) Price Target to $128.00
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its target price decreased by Barclays PLC from $144.00 to $128.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays PLC’s price objective indicates a potential upside of 19.57% from the stock’s current price.
A number of other analysts have also recently commented on the company. Wells Fargo & Company lowered their price target on Buffalo Wild Wings from $115.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $135.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, October 11th. Stephens lowered their price target on Buffalo Wild Wings from $120.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. UBS AG set a $140.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research cut Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Buffalo Wild Wings currently has an average rating of “Hold” and a consensus target price of $133.60.
Buffalo Wild Wings (BWLD) traded up 0.52% during trading on Wednesday, hitting $107.05. 375,583 shares of the stock traded hands. The stock has a market cap of $1.66 billion, a P/E ratio of 27.11 and a beta of 0.83. The firm’s 50-day moving average is $103.57 and its 200 day moving average is $128.55. Buffalo Wild Wings has a 52 week low of $95.00 and a 52 week high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ 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 business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 earnings per share. Equities research analysts forecast that Buffalo Wild Wings will post $4.44 earnings per share for the current fiscal year.
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In related news, Director International Master F. Marcato acquired 9,100 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $109.71 per share, for a total transaction of $998,361.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.19% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Buffalo Wild Wings by 21,879.4% during the 1st 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Buffalo Wild Wings by 0.4% during the 1st 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 in the last quarter. Clearbridge Investments LLC raised its stake in shares of Buffalo Wild Wings by 59.2% during the 1st 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 in the last quarter. Alliancebernstein L.P. raised its stake in shares of Buffalo Wild Wings by 6.6% during the 2nd 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 in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Buffalo Wild Wings during the 2nd quarter worth approximately $618,000. Institutional investors own 88.18% of the company’s stock.
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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