Short Interest in Buffalo Wild Wings, Inc. (BWLD) Decreases By 24.7%
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,524,376 shares, a decline of 24.7% from the November 15th total of 2,025,314 shares. Currently, 10.0% of the shares of the stock are sold short. Based on an average daily volume of 1,447,082 shares, the days-to-cover ratio is currently 1.1 days.
Several research analysts have recently weighed in on BWLD shares. Wells Fargo & Company boosted their price target on shares of Buffalo Wild Wings from $110.00 to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, November 14th. Maxim Group lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a report on Tuesday, November 28th. Wedbush restated an “in-line” rating and issued a $115.00 price objective (up from $110.00) on shares of Buffalo Wild Wings in a report on Thursday, October 26th. They noted that the move was a valuation call. UBS lowered shares of Buffalo Wild Wings from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $140.00 to $148.00 in a report on Monday, November 27th. Finally, Zacks Investment Research lowered shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and three have given a buy rating to the company’s stock. Buffalo Wild Wings presently has an average rating of “Hold” and a consensus price target of $144.67.
In other news, Director International Master F. Marcato sold 987,284 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $155.57, for a total transaction of $153,591,771.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marcato Capital Management Lp sold 200,094 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
Shares of Buffalo Wild Wings (BWLD) opened at $156.40 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. The stock has a market cap of $2,432.79, a PE ratio of 36.18, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $168.50.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 3.17% and a return on equity of 21.39%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share. sell-side analysts anticipate that Buffalo Wild Wings will post 4.99 EPS for the current fiscal year.
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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