Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “buy” rating restated by equities researchers at UBS AG in a report issued on Monday, July 10th, www.flashratings.com reports. They presently have a $175.00 price target on the restaurant operator’s stock. UBS AG’s price target points to a potential upside of 53.78% from the company’s current price.
Other research analysts also recently issued reports about the company. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Sunday, May 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $185.00 target price on shares of Buffalo Wild Wings in a research note on Friday, March 24th. KeyCorp reduced their target price on Buffalo Wild Wings from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, June 6th. Maxim Group reissued a “hold” rating and issued a $170.00 price objective (up from $145.00) on shares of Buffalo Wild Wings in a research note on Thursday, April 20th. Finally, Wedbush downgraded Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $150.00 to $155.00 in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of “Hold” and an average price target of $141.78.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.83% on Monday, hitting $113.80. 264,377 shares of the company traded hands. The firm has a market capitalization of $1.76 billion, a P/E ratio of 28.82 and a beta of 0.86. The firm’s 50-day moving average is $125.52 and its 200 day moving average is $146.18. 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 issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the Zacks’ 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 million during the quarter, compared to analysts’ expectations of $512.68 million. During the same quarter in the prior year, the company earned $1.27 EPS. Buffalo Wild Wings’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Buffalo Wild Wings will post $4.54 earnings per share for the current fiscal year.
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In related news, Director International Master F. Marcato bought 9,100 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.19% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in BWLD. Birinyi Associates Inc. purchased a new stake in shares of Buffalo Wild Wings during the second quarter valued at about $475,000. Pacer Advisors Inc. boosted its stake in shares of Buffalo Wild Wings by 27.8% in the second quarter. Pacer Advisors Inc. now owns 2,114 shares of the restaurant operator’s stock valued at $268,000 after buying an additional 460 shares during the last quarter. Airain ltd purchased a new stake in shares of Buffalo Wild Wings during the second quarter valued at about $353,000. Bridge City Capital LLC purchased a new stake in shares of Buffalo Wild Wings during the second quarter valued at about $1,563,000. Finally, American Century Companies Inc. boosted its stake in shares of Buffalo Wild Wings by 6.5% in the second quarter. American Century Companies Inc. now owns 13,060 shares of the restaurant operator’s stock valued at $1,655,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 94.48% 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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