UBS AG set a $140.00 target price on Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the restaurant operator’s stock.
Several other research firms have also recently commented on BWLD. Stephens cut shares of Buffalo Wild Wings from an overweight rating to an equal weight rating and decreased their price target for the company from $195.00 to $145.00 in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a buy rating and set a $180.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, June 28th. TheStreet cut shares of Buffalo Wild Wings from a b- rating to a c rating in a research note on Thursday, June 22nd. Canaccord Genuity decreased their price target on shares of Buffalo Wild Wings from $160.00 to $135.00 and set a hold rating on the stock in a research note on Friday, July 7th. Finally, Telsey Advisory Group reissued an outperform rating and set a $145.00 price target (down from $175.00) on shares of Buffalo Wild Wings in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $135.65.
Buffalo Wild Wings (BWLD) traded down 0.24% during midday trading on Wednesday, reaching $101.95. The company’s stock had a trading volume of 259,989 shares. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 25.82 and a beta of 0.83. The firm has a 50-day moving average price of $103.68 and a 200 day moving average price of $129.31.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS 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 company had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. During the same period last year, the company earned $1.27 earnings per share. Buffalo Wild Wings’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research 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 company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.
Several large investors have recently modified their holdings of BWLD. Russell Investments Group Ltd. raised its holdings in shares of Buffalo Wild Wings by 80.3% during the first quarter. Russell Investments Group Ltd. now owns 9,248 shares of the restaurant operator’s stock worth $1,413,000 after acquiring an additional 4,118 shares during the period. Prudential Financial Inc. raised its holdings in shares of Buffalo Wild Wings by 7.6% during the first quarter. Prudential Financial Inc. now owns 12,486 shares of the restaurant operator’s stock worth $1,907,000 after acquiring an additional 886 shares during the period. Stifel Financial Corp raised its holdings in shares of Buffalo Wild Wings by 15.2% during the first quarter. Stifel Financial Corp now owns 3,749 shares of the restaurant operator’s stock worth $574,000 after acquiring an additional 495 shares during the period. Arizona State Retirement System raised its holdings in shares of Buffalo Wild Wings by 2.5% during the first quarter. Arizona State Retirement System now owns 7,200 shares of the restaurant operator’s stock worth $1,100,000 after acquiring an additional 179 shares during the period. Finally, Credit Agricole S A acquired a new stake in shares of Buffalo Wild Wings during the first quarter worth $424,000. Institutional investors and hedge funds own 88.52% 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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