Zacks: Brokerages Anticipate Buffalo Wild Wings, Inc. (BWLD) Will Post Earnings of $1.54 Per Share
Analysts expect Buffalo Wild Wings, Inc. (NASDAQ:BWLD) to announce earnings of $1.54 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Buffalo Wild Wings’ earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.38. Buffalo Wild Wings posted earnings per share of $0.87 in the same quarter last year, which indicates a positive year over year growth rate of 77%. The company is expected to announce its next earnings results on Tuesday, February 6th.
On average, analysts expect that Buffalo Wild Wings will report full year earnings of $4.89 per share for the current year, with EPS estimates ranging from $4.45 to $5.11. For the next financial year, analysts forecast that the business will post earnings of $5.56 per share, with EPS estimates ranging from $4.80 to $6.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Buffalo Wild Wings.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.57. The company had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. Buffalo Wild Wings’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS.
BWLD has been the topic of a number of analyst reports. Dougherty & Co raised Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, October 26th. Barclays PLC increased their price target on Buffalo Wild Wings from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Mizuho reaffirmed a “hold” rating and issued a $120.00 price target on shares of Buffalo Wild Wings in a research report on Friday, October 27th. Wells Fargo & Company reduced their price target on Buffalo Wild Wings from $115.00 to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 18th. Finally, UBS Group AG (USA) set a $140.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $131.57.
Buffalo Wild Wings (NASDAQ:BWLD) traded up $1.57 during mid-day trading on Friday, reaching $115.73. The company’s stock had a trading volume of 3,523 shares, compared to its average volume of 809,478. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.
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Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Buffalo Wild Wings by 21,879.4% in the 1st quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after purchasing an additional 1,714,248 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Buffalo Wild Wings by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock valued at $215,305,000 after purchasing an additional 6,256 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Buffalo Wild Wings by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after purchasing an additional 40,406 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Buffalo Wild Wings in the 2nd quarter valued at approximately $618,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Buffalo Wild Wings by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock valued at $58,111,000 after purchasing an additional 13,689 shares during the last quarter. Institutional investors own 88.48% 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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