Buffalo Wild Wings (BWLD) Stock Rating Reaffirmed by Citigroup Inc
Citigroup Inc reaffirmed their neutral rating on shares of Buffalo Wild Wings (NASDAQ:BWLD) in a research note issued to investors on Monday. Citigroup Inc currently has a $161.00 price objective on the restaurant operator’s stock, down from their prior price objective of $162.00.
Other analysts have also issued research reports about the company. Maxim Group reaffirmed a hold rating and issued a $170.00 target price (up previously from $145.00) on shares of Buffalo Wild Wings in a research note on Thursday, April 20th. Wells Fargo & Co reaffirmed a market perform rating and issued a $145.00 target price (up previously from $134.50) on shares of Buffalo Wild Wings in a research note on Saturday, April 22nd. Zacks Investment Research raised Buffalo Wild Wings from a sell rating to a hold rating in a research note on Monday, April 24th. Robert W. Baird lowered Buffalo Wild Wings from an outperform rating to a neutral rating and cut their target price for the stock from $170.00 to $160.00 in a research note on Thursday, April 27th. Finally, Barclays PLC cut their target price on Buffalo Wild Wings from $195.00 to $177.00 and set an overweight rating for the company in a research note on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Buffalo Wild Wings has a consensus rating of Hold and an average price target of $161.26.
Buffalo Wild Wings (NASDAQ:BWLD) traded up 0.49% during midday trading on Monday, reaching $154.60. 56,005 shares of the company traded hands. The stock’s 50 day moving average is $156.34 and its 200 day moving average is $156.75. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 33.47 and a beta of 0.96. Buffalo Wild Wings has a one year low of $133.11 and a one year high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.24. The firm had revenue of $534.80 million during the quarter, compared to analysts’ expectations of $536.10 million. Buffalo Wild Wings had a return on equity of 15.58% and a net margin of 4.76%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 EPS. On average, equities analysts anticipate that Buffalo Wild Wings will post $5.55 earnings per share for the current year.
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In related news, CEO Sally J. Smith sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the sale, the chief executive officer now owns 46,073 shares of the company’s stock, valued at $6,910,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Buffalo Wild Wings by 21,879.4% in the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock worth $263,048,000 after buying an additional 1,714,248 shares during the period. Vanguard Group Inc. increased its position in Buffalo Wild Wings by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock worth $215,305,000 after buying an additional 6,256 shares during the period. Dimensional Fund Advisors LP increased its position in Buffalo Wild Wings by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 444,951 shares of the restaurant operator’s stock worth $67,965,000 after buying an additional 10,780 shares during the period. Bank of New York Mellon Corp increased its position in Buffalo Wild Wings by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 347,568 shares of the restaurant operator’s stock worth $53,090,000 after buying an additional 12,165 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Buffalo Wild Wings by 1.5% in the first quarter. Champlain Investment Partners LLC now owns 287,966 shares of the restaurant operator’s stock worth $43,987,000 after buying an additional 4,307 shares during the period. 92.00% of the stock is owned by institutional investors.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. As of December 25, 2016, the Company’s made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.
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