Oppenheimer Holdings, Inc. Reiterates Buy Rating for Buffalo Wild Wings, Inc. (BWLD)
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “buy” rating reaffirmed by Oppenheimer Holdings, Inc. in a report released on Wednesday. They currently have a $135.00 target price on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 32.48% from the stock’s current price. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q4 2017 earnings at $1.30 EPS, FY2017 earnings at $4.13 EPS and FY2018 earnings at $5.00 EPS.
Other equities analysts have also issued research reports about the company. UBS AG set a $155.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Thursday, July 27th. Wedbush reiterated a “hold” rating on shares of Buffalo Wild Wings in a research report on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $145.00 price target (down previously from $165.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Cowen and Company reiterated a “market perform” rating and issued a $110.00 price target (down previously from $150.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $125.00 price target (down previously from $148.00) on shares of Buffalo Wild Wings in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $135.65.
Shares of Buffalo Wild Wings (NASDAQ BWLD) opened at 101.90 on Wednesday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 25.81 and a beta of 0.83. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10. The company has a 50 day moving average of $103.60 and a 200 day moving average of $129.12.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. During the same period in the prior year, the business earned $1.27 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Buffalo Wild Wings will post $4.45 EPS for the current fiscal year.
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In related news, Director International Master F. Marcato acquired 9,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.19% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of 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 valued at $263,048,000 after acquiring an additional 1,714,248 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Buffalo Wild Wings by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock valued at $215,305,000 after acquiring an additional 6,256 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Buffalo Wild Wings by 59.2% in the 1st quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after acquiring an additional 306,743 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Buffalo Wild Wings by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after acquiring an additional 40,406 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings in the 2nd quarter valued at approximately $618,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.
About Buffalo Wild Wings
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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