Buffalo Wild Wings’ (NASDAQ:BWLD) Outperform Rating Reaffirmed at Telsey Advisory Group
Telsey Advisory Group reiterated their outperform rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research note published on Monday, July 10th, MarketBeat Ratings reports. The brokerage currently has a $145.00 price target on the restaurant operator’s stock, down from their prior price target of $175.00.
A number of other equities research analysts have also commented on BWLD. UBS AG upped their target price on Buffalo Wild Wings from $170.00 to $185.00 and gave the company a buy rating in a research report on Friday, April 21st. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the company a buy rating in a research report on Sunday, May 28th. Mizuho assumed coverage on Buffalo Wild Wings in a research report on Thursday, June 8th. They issued a neutral rating and a $150.00 target price on the stock. Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. reiterated a neutral rating and issued a $161.00 target price (down previously from $162.00) on shares of Buffalo Wild Wings in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of Hold and a consensus price target of $141.78.
Buffalo Wild Wings (NASDAQ BWLD) traded down 0.84% during trading on Monday, hitting $112.55. 355,940 shares of the company were exchanged. The firm’s 50 day moving average price is $125.52 and its 200-day moving average price is $146.18. The stock has a market capitalization of $1.74 billion, a PE ratio of 28.51 and a beta of 0.86. Buffalo Wild Wings has a 1-year low of $105.10 and a 1-year high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.35. The company had revenue of $500 million for the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS. Equities analysts predict that Buffalo Wild Wings will post $4.54 EPS for the current year.
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In related news, Director International Master F. Marcato bought 9,100 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in Buffalo Wild Wings by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,451 shares of the restaurant operator’s stock worth $374,000 after buying an additional 12 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Buffalo Wild Wings by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,331 shares of the restaurant operator’s stock worth $1,750,000 after buying an additional 40 shares in the last quarter. Tyers Asset Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock worth $114,000 after buying an additional 44 shares in the last quarter. Flinton Capital Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock worth $146,000 after buying an additional 56 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock worth $177,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.
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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