Buffalo Wild Wings, Inc. (BWLD) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a report published on Monday, July 10th, Marketbeat.com reports. Telsey Advisory Group currently has a $145.00 price target on the restaurant operator’s stock, down from their prior price target of $175.00.

BWLD has been the topic of several other reports. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the company a buy rating in a research report on Sunday, May 28th. BMO Capital Markets reiterated a hold rating and set a $185.00 target price on shares of Buffalo Wild Wings in a research report on Friday, March 24th. KeyCorp lowered their target price on Buffalo Wild Wings from $180.00 to $170.00 and set an overweight rating on the stock in a research report on Tuesday, June 6th. Maxim Group restated a hold rating and issued a $170.00 price objective (up from $145.00) on shares of Buffalo Wild Wings in a research report on Thursday, April 20th. Finally, Wedbush downgraded Buffalo Wild Wings from a neutral rating to an underperform rating and boosted their price objective for the company from $150.00 to $155.00 in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $141.78.

Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.13% during trading on Monday, hitting $113.45. 205,980 shares of the stock traded hands. The firm has a market cap of $1.76 billion, a P/E ratio of 28.74 and a beta of 0.86. The company has a 50-day moving average of $125.52 and a 200-day moving average of $146.18. Buffalo Wild Wings has a 52 week low of $105.10 and a 52 week high of $175.10.

Buffalo Wild Wings (NASDAQ:BWLD) last released 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. The company had revenue of $500 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%. Buffalo Wild Wings’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. On average, analysts forecast that Buffalo Wild Wings will post $4.54 EPS for the current fiscal year.

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In other news, Director International Master F. Marcato bought 9,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $109.71 per share, with a total value of $998,361.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.19% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in BWLD. Russell Investments Group Ltd. bought a new stake in shares of Buffalo Wild Wings during the fourth quarter valued at $812,000. State Board of Administration of Florida Retirement System increased its stake in shares of Buffalo Wild Wings by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,331 shares of the restaurant operator’s stock valued at $1,750,000 after buying an additional 40 shares in the last quarter. Comerica Bank increased its stake in shares of Buffalo Wild Wings by 7.9% in the fourth quarter. Comerica Bank now owns 10,763 shares of the restaurant operator’s stock valued at $1,615,000 after buying an additional 784 shares in the last quarter. Norges Bank acquired a new stake in Buffalo Wild Wings during the fourth quarter worth approximately $21,888,000. Finally, Teachers Advisors LLC boosted its stake in Buffalo Wild Wings by 35.8% in the fourth quarter. Teachers Advisors LLC now owns 46,474 shares of the restaurant operator’s stock worth $7,176,000 after buying an additional 12,260 shares during the period. 94.48% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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