Wedbush Reiterates Outperform Rating for Buffalo Wild Wings Inc. (BWLD)
Buffalo Wild Wings Inc. (NASDAQ:BWLD)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a research report issued on Saturday. They currently have a $180.00 target price on the stock. Wedbush’s target price indicates a potential upside of 26.23% from the stock’s previous close.
A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Tuesday, October 4th. Vetr lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Monday, October 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $165.00 price target on shares of Buffalo Wild Wings in a research note on Monday, June 20th. Guggenheim upgraded 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 research note on Friday, June 24th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Buffalo Wild Wings in a research note on Thursday, September 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $162.46.
Buffalo Wild Wings (NASDAQ:BWLD) traded up 2.34% during mid-day trading on Friday, reaching $142.60. 624,483 shares of the company were exchanged. The stock has a 50 day moving average of $152.01 and a 200-day moving average of $147.97. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 26.83 and a beta of 0.92. Buffalo Wild Wings has a one year low of $122.25 and a one year high of $190.91.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 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 firm earned $490.20 million during the quarter, compared to analyst estimates of $498.86 million. During the same period in the previous year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts expect that Buffalo Wild Wings will post $5.72 earnings per share for the current fiscal year.
In other news, Director Warren E. Mack sold 300 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $166.05, for a total transaction of $49,815.00. Following the completion of the sale, the director now directly owns 13,457 shares of the company’s stock, valued at $2,234,534.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Block sold 750 shares of the business’s 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 sale, the senior vice president now directly owns 4,963 shares of the company’s stock, valued at $769,265. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Sei Investments Co. raised its stake 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 period. LS Investment Advisors LLC raised its stake 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 period. Pacer Advisors Inc. acquired a new stake in Buffalo Wild Wings during the second quarter worth $184,000. Quadrature Capital Ltd acquired a new stake in Buffalo Wild Wings during the first quarter worth $207,000. Finally, Oakbrook Investments LLC acquired a new stake in Buffalo Wild Wings during the second quarter worth $208,000. 94.76% of the stock is owned by hedge funds and other institutional investors.
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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