Buffalo Wild Wings Inc. (BWLD) Rating Lowered to Hold at Vetr Inc.
Buffalo Wild Wings Inc. (NASDAQ:BWLD) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $145.00 price objective on the stock. Vetr‘s price target would indicate a potential upside of 3.29% from the company’s previous close.
Several other research analysts also recently commented on BWLD. BMO Capital Markets restated a “buy” rating on shares of Buffalo Wild Wings in a research report on Monday, September 26th. Canaccord Genuity started coverage on shares of Buffalo Wild Wings in a research report on Monday, August 22nd. They set a “hold” rating and a $175.00 price objective for the company. Buckingham Research restated a “neutral” rating and set a $161.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, September 7th. Guggenheim upgraded shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, June 24th. Finally, Credit Suisse Group AG boosted their price objective on shares of Buffalo Wild Wings from $120.00 to $130.00 and gave the company an “underperform” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. Buffalo Wild Wings currently has an average rating of “Hold” and an average target price of $157.81.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.26% during trading on Monday, hitting $140.38. The company had a trading volume of 495,318 shares. The stock has a market capitalization of $2.57 billion, a PE ratio of 26.42 and a beta of 0.93. Buffalo Wild Wings has a one year low of $122.25 and a one year high of $198.42. The stock has a 50-day moving average of $158.30 and a 200-day moving average of $148.46.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The company earned $490.20 million during the quarter, compared to the consensus estimate of $498.86 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Buffalo Wild Wings will post $5.72 EPS for the current year.
In other news, SVP Andrew D. Block sold 250 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $37,500.00. Following the transaction, the senior vice president now owns 4,963 shares in the company, valued at $744,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sally J. Smith sold 1,500 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $136.55, for a total transaction of $204,825.00. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
Several institutional investors have recently made changes to their positions in BWLD. Nomura Holdings Inc. raised its position in shares of Buffalo Wild Wings by 691.3% in the second quarter. Nomura Holdings Inc. now owns 15,178 shares of the company’s stock valued at $2,120,000 after buying an additional 13,260 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Buffalo Wild Wings during the second quarter worth $1,193,000. Royal Bank of Canada raised its stake in Buffalo Wild Wings by 17.3% in the second quarter. Royal Bank of Canada now owns 360,063 shares of the company’s stock worth $50,031,000 after buying an additional 53,071 shares in the last quarter. Amalgamated Bank raised its stake in Buffalo Wild Wings by 9.3% in the second quarter. Amalgamated Bank now owns 2,281 shares of the company’s stock worth $376,000 after buying an additional 194 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Buffalo Wild Wings by 4.7% in the second quarter. American Century Companies Inc. now owns 6,988 shares of the company’s stock worth $971,000 after buying an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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