Analysts Set Expectations for Buffalo Wild Wings Inc.’s Q3 2016 Earnings (BWLD)
Buffalo Wild Wings Inc. (NASDAQ:BWLD) – Investment analysts at KeyCorp boosted their Q3 2016 EPS estimates for shares of Buffalo Wild Wings in a research note issued to investors on Wednesday. KeyCorp analyst C. O’cull now expects that the brokerage will earn $1.23 per share for the quarter, up from their previous estimate of $1.19. KeyCorp also issued estimates for Buffalo Wild Wings’ Q4 2016 earnings at $1.46 EPS.
A number of other research analysts also recently issued reports on the stock. BMO Capital Markets reissued a “buy” rating and set a $165.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, June 20th. Vetr cut shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Monday. Guggenheim upgraded shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, June 24th. Robert W. Baird restated an “outperform” rating on shares of Buffalo Wild Wings in a report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $158.00.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 140.35 on Monday. The stock has a market cap of $2.57 billion, a P/E ratio of 26.41 and a beta of 0.92. Buffalo Wild Wings has a 12-month low of $122.25 and a 12-month high of $198.42. The company’s 50-day moving average is $157.60 and its 200-day moving average is $148.39.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 business earned $490.20 million during the quarter, compared to the consensus estimate of $498.86 million. During the same quarter last year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp increased its position in Buffalo Wild Wings by 2.9% in the first quarter. M&T Bank Corp now owns 1,749 shares of the company’s stock valued at $259,000 after buying an additional 49 shares during the last quarter. Menta Capital LLC acquired a new position in Buffalo Wild Wings during the first quarter valued at $367,000. Champlain Investment Partners LLC acquired a new position in Buffalo Wild Wings during the first quarter valued at $28,156,000. JPMorgan Chase & Co. increased its position in Buffalo Wild Wings by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 10,964 shares of the company’s stock valued at $1,623,000 after buying an additional 426 shares during the last quarter. Finally, Columbia Partners L L C Investment Management increased its position in Buffalo Wild Wings by 406.2% in the first quarter. Columbia Partners L L C Investment Management now owns 59,171 shares of the company’s stock valued at $8,764,000 after buying an additional 47,481 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.
In other Buffalo Wild Wings news, EVP Judith A. Shoulak sold 1,992 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $150.00, for a total value of $298,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the completion of the transaction, the chief executive officer now owns 52,593 shares of the company’s stock, valued at $8,249,212.05. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.
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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