Buffalo Wild Wings’ (BWLD) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research note released on Friday. They currently have a $135.00 price target on the restaurant operator’s stock. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q3 2017 earnings at $0.70 EPS, Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $4.18 EPS and FY2018 earnings at $5.29 EPS.
BWLD has been the topic of several other research reports. UBS AG reaffirmed a buy rating and set a $175.00 price objective (down previously from $185.00) on shares of Buffalo Wild Wings in a report on Monday, June 12th. Deutsche Bank AG set a $180.00 price objective on Buffalo Wild Wings and gave the stock a buy rating in a report on Sunday, May 28th. Mizuho assumed coverage on Buffalo Wild Wings in a report on Thursday, June 8th. They set a neutral rating and a $150.00 price objective on the stock. Barclays PLC dropped their price objective on Buffalo Wild Wings from $165.00 to $144.00 and set an overweight rating on the stock in a report on Thursday, July 27th. Finally, Maxim Group dropped their price objective on Buffalo Wild Wings from $180.00 to $165.00 and set a buy rating on the stock in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $141.67.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 2.709% during mid-day trading on Friday, reaching $107.125. The company’s stock had a trading volume of 1,059,524 shares. Buffalo Wild Wings has a 52 week low of $95.00 and a 52 week high of $175.10. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 27.134 and a beta of 0.86. The company’s 50-day moving average is $106.68 and its 200-day moving average is $135.43.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $500.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.27 EPS. Equities analysts predict that Buffalo Wild Wings will post $4.53 EPS for the current year.
In other news, Director International Master F. Marcato acquired 9,100 shares of Buffalo Wild Wings stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average price of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Tyers Asset Management LLC lifted its position in shares of Buffalo Wild Wings by 6.3% during the 1st quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 44 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Buffalo Wild Wings by 10.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 75 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Buffalo Wild Wings during the 1st quarter valued at approximately $130,000. Flinton Capital Management LLC lifted its position in shares of Buffalo Wild Wings by 6.3% during the 1st quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 56 shares during the period. Finally, Neuburgh Advisers LLC lifted its position in shares of Buffalo Wild Wings by 6.3% during the 1st quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 68 shares during the period. Institutional investors own 89.21% 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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