Buffalo Wild Wings’ (BWLD) “Outperform” Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reissued their outperform rating on shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) in a report issued on Wednesday. BMO Capital Markets currently has a $190.00 price target on the stock.
A number of other research analysts also recently commented on BWLD. Guggenheim raised shares of Buffalo Wild Wings from a neutral rating to a buy rating and set a $190.00 price target for the company in a report on Friday, June 24th. Vetr raised shares of Buffalo Wild Wings from a strong sell rating to a hold rating and set a $140.18 price target for the company in a report on Monday, June 27th. Zacks Investment Research raised shares of Buffalo Wild Wings from a strong sell rating to a hold rating in a research report on Tuesday, June 28th. Credit Suisse Group AG increased their price objective on shares of Buffalo Wild Wings from $120.00 to $136.34 and gave the stock an underperform rating in a research report on Wednesday, July 20th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and issued a $175.00 price objective on shares of Buffalo Wild Wings in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Buffalo Wild Wings has a consensus rating of Hold and a consensus target price of $162.46.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 1.18% during mid-day trading on Wednesday, hitting $140.30. The company had a trading volume of 109,474 shares. The firm has a 50-day moving average price of $153.24 and a 200-day moving average price of $148.07. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $190.91. The firm has a market capitalization of $2.57 billion, a PE ratio of 26.40 and a beta of 0.92.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, beating the Zacks’ 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 firm earned $490.20 million during the quarter, compared to the consensus estimate of $498.86 million. During the same quarter last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts forecast that Buffalo Wild Wings will post $5.72 earnings per share for the current year.
In other news, CEO Sally J. Smith sold 2,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $156.85, for a total transaction of $313,700.00. Following the transaction, the chief executive officer now directly owns 52,593 shares of the company’s stock, valued at $8,249,212.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J Oliver Maggard sold 300 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $169.36, for a total transaction of $50,808.00. Following the transaction, the director now directly owns 3,522 shares in the company, valued at $596,485.92. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BWLD. Sei Investments Co. boosted its position in Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock worth $143,000 after buying an additional 428 shares during the last quarter. LS Investment Advisors LLC boosted its position in Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Buffalo Wild Wings during the second quarter worth approximately $184,000. Quadrature Capital Ltd purchased a new position in Buffalo Wild Wings during the first quarter worth approximately $207,000. Finally, Oakbrook Investments LLC purchased a new position in Buffalo Wild Wings during the second quarter worth approximately $208,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.
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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