Brokers Issue Forecasts for Buffalo Wild Wings, Inc.’s Q3 2017 Earnings (BWLD)
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Equities research analysts at Oppenheimer Holdings reduced their Q3 2017 earnings per share estimates for Buffalo Wild Wings in a report issued on Friday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will earn $0.70 per share for the quarter, down from their prior estimate of $0.78. Oppenheimer Holdings has a “Buy” rating and a $135.00 price target on the stock. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $4.18 EPS and FY2018 earnings at $5.29 EPS.
A number of other research analysts have also issued reports on the stock. Wedbush restated a “hold” rating on shares of Buffalo Wild Wings in a report on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and set a $180.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, June 28th. Cowen and Company restated a “hold” rating and issued a $110.00 price target on shares of Buffalo Wild Wings in a report on Friday, September 1st. Barclays PLC cut their price target on shares of Buffalo Wild Wings from $177.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, July 19th. Finally, Stephens lowered shares of Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $195.00 to $145.00 in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. Buffalo Wild Wings has an average rating of “Hold” and an average target price of $140.71.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 108.95 on Monday. Buffalo Wild Wings has a 1-year low of $95.00 and a 1-year high of $175.10. The stock has a 50 day moving average of $106.69 and a 200 day moving average of $134.47. The stock has a market capitalization of $1.69 billion, a P/E ratio of 27.60 and a beta of 0.86.
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 $500.00 million for 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of BWLD. BlackRock Inc. increased its position in Buffalo Wild Wings by 21,879.4% in the 1st 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. Koch Industries Inc. bought a new position in Buffalo Wild Wings in the 2nd quarter worth approximately $618,000. Clearbridge Investments LLC increased its position in Buffalo Wild Wings by 59.2% in the 1st quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock worth $126,005,000 after buying an additional 306,743 shares during the period. Victory Capital Management Inc. increased its position in Buffalo Wild Wings by 40,702.8% in the 1st quarter. Victory Capital Management Inc. now owns 221,151 shares of the restaurant operator’s stock worth $33,781,000 after buying an additional 220,609 shares during the period. Finally, Clearfield Capital Management LP bought a new position in Buffalo Wild Wings in the 1st quarter worth approximately $23,585,000. 88.52% of the stock is currently owned by institutional investors.
In related news, Director International Master F. Marcato bought 9,100 shares of Buffalo Wild Wings stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $109.71 per share, for a total transaction of $998,361.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.19% of the stock is currently owned by insiders.
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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