Maxim Group Reaffirms “Buy” Rating for Buffalo Wild Wings, Inc. (BWLD)
Maxim Group restated their buy rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research note issued to investors on Tuesday morning. They currently have a $160.00 target price on the restaurant operator’s stock.
Other research analysts also recently issued research reports about the company. UBS AG set a $155.00 price objective on Buffalo Wild Wings and gave the company a buy rating in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a buy rating and issued a $145.00 price objective (down previously from $165.00) on shares of Buffalo Wild Wings in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $135.00 price objective on shares of Buffalo Wild Wings in a research note on Friday, September 15th. Dougherty & Co raised Buffalo Wild Wings from a neutral rating to a buy rating and set a $150.00 price objective for the company in a research note on Thursday, October 26th. Finally, Stephens reaffirmed an equal weight rating and issued a $145.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $134.67.
Shares of Buffalo Wild Wings (BWLD) traded down $2.65 during midday trading on Tuesday, reaching $138.25. The company’s stock had a trading volume of 378,149 shares, compared to its average volume of 522,129. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. The firm has a market capitalization of $2,190.00, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The company had revenue of $496.70 million during the quarter, compared to the consensus estimate of $500.97 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. equities research analysts forecast that Buffalo Wild Wings will post 4.98 EPS for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings 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 worth $83,023,000 after purchasing an additional 40,406 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings in the 2nd quarter worth $618,000. Dimensional Fund Advisors LP lifted its holdings in shares of Buffalo Wild Wings by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock worth $51,367,000 after purchasing an additional 27,330 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Buffalo Wild Wings by 36.8% in the 3rd quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock worth $43,435,000 after purchasing an additional 110,439 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Buffalo Wild Wings by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after purchasing an additional 5,399 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.
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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