Buffalo Wild Wings, Inc. (BWLD) Stock Rating Reaffirmed by UBS Group AG
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “sell” rating reaffirmed by stock analysts at UBS Group AG in a research report issued on Thursday, www.benzinga.com reports.
Other research analysts have also issued research reports about the stock. Cowen and Company restated a “market perform” rating and issued a $110.00 price target (down previously from $150.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Wells Fargo & Company lifted their price target on shares of Buffalo Wild Wings from $110.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 14th. Barclays PLC decreased their price target on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. Wedbush restated an “in-line” rating and issued a $115.00 price target (up previously from $110.00) on shares of Buffalo Wild Wings in a research report on Thursday, October 26th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have given a buy rating to the company’s stock. Buffalo Wild Wings has an average rating of “Hold” and an average price target of $134.67.
Shares of Buffalo Wild Wings (BWLD) traded up $3.35 during trading hours on Thursday, hitting $145.95. 633,100 shares of the company’s stock traded hands, compared to its average volume of 522,299. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $175.10. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $2,212.05, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.75 and a beta of 0.79.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The business had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. sell-side analysts anticipate that Buffalo Wild Wings will post 4.97 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its holdings in Buffalo Wild Wings by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock worth $83,023,000 after acquiring an additional 40,406 shares during the period. Koch Industries Inc. bought a new position in Buffalo Wild Wings in the 2nd quarter worth $618,000. Dimensional Fund Advisors LP raised its holdings in Buffalo Wild Wings by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock worth $51,367,000 after acquiring an additional 27,330 shares during the period. Victory Capital Management Inc. raised its holdings in Buffalo Wild Wings by 36.8% in the 3rd quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock worth $43,435,000 after acquiring an additional 110,439 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Buffalo Wild Wings by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after acquiring an additional 5,399 shares during the period. 87.37% of the stock is owned by institutional investors and hedge funds.
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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