Buffalo Wild Wings Inc. to Post Q3 2016 Earnings of $1.19 Per Share, Dougherty & Co Forecasts (BWLD)
Buffalo Wild Wings Inc. (NASDAQ:BWLD) – Equities researchers at Dougherty & Co dropped their Q3 2016 EPS estimates for Buffalo Wild Wings in a note issued to investors on Monday. Dougherty & Co analyst J. Hamblin now forecasts that the firm will post earnings per share of $1.19 for the quarter, down from their previous estimate of $1.20. Dougherty & Co also issued estimates for Buffalo Wild Wings’ Q4 2016 earnings at $1.39 EPS, FY2016 earnings at $5.57 EPS and FY2017 earnings at $6.33 EPS.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $498.86 million. During the same quarter in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis.
A number of other analysts also recently commented on BWLD. BMO Capital Markets reissued a “buy” rating on shares of Buffalo Wild Wings in a report on Sunday, June 26th. Vetr downgraded shares of Buffalo Wild Wings from a “strong-buy” rating to a “buy” rating and set a $162.50 price objective on the stock. in a report on Monday, July 25th. Morgan Stanley reissued a “hold” rating and set a $151.00 price objective on shares of Buffalo Wild Wings in a report on Thursday, July 28th. Buckingham Research reissued a “neutral” rating and set a $149.00 price objective on shares of Buffalo Wild Wings in a report on Tuesday, July 26th. Finally, Telsey Advisory Group boosted their price objective on shares of Buffalo Wild Wings from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the company. Buffalo Wild Wings has a consensus rating of “Hold” and an average target price of $162.85.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 138.61 on Tuesday. The stock has a market cap of $2.54 billion, a PE ratio of 26.08 and a beta of 0.93. The company’s 50 day moving average is $153.91 and its 200-day moving average is $148.14. Buffalo Wild Wings has a 52-week low of $122.25 and a 52-week high of $190.98.
In other Buffalo Wild Wings news, SVP Andrew D. Block sold 750 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $155.00, for a total transaction of $116,250.00. Following the transaction, the senior vice president now directly owns 4,963 shares in the company, valued at approximately $769,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Oliver Maggard sold 300 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $169.36, for a total transaction of $50,808.00. Following the transaction, the director now owns 3,522 shares in the company, valued at $596,485.92. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BWLD. State Street Corp increased its position in Buffalo Wild Wings by 1.4% in the first quarter. State Street Corp now owns 607,106 shares of the company’s stock worth $89,924,000 after buying an additional 8,228 shares during the period. BlackRock Inc. increased its position in Buffalo Wild Wings by 9.8% in the first quarter. BlackRock Inc. now owns 7,461 shares of the company’s stock worth $1,106,000 after buying an additional 663 shares during the period. Royal Bank of Canada increased its position in Buffalo Wild Wings by 139.2% in the first quarter. Royal Bank of Canada now owns 306,992 shares of the company’s stock worth $45,471,000 after buying an additional 178,671 shares during the period. BlackRock Group LTD increased its position in Buffalo Wild Wings by 20.7% in the first quarter. BlackRock Group LTD now owns 13,583 shares of the company’s stock worth $2,012,000 after buying an additional 2,331 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Buffalo Wild Wings by 332.1% in the first quarter. Envestnet Asset Management Inc. now owns 30,103 shares of the company’s stock worth $4,459,000 after buying an additional 23,137 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.
About Buffalo Wild Wings
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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