Buffalo Wild Wings, Inc. (BWLD) PT Raised to $150.00 at Wells Fargo & Company

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its price target hoisted by stock analysts at Wells Fargo & Company from $110.00 to $150.00 in a research note issued on Tuesday. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Company’s price target indicates a potential upside of 3.99% from the company’s previous close.

BWLD has been the topic of several other reports. Deutsche Bank AG lifted their price objective on shares of Buffalo Wild Wings from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Stephens reiterated an “equal weight” rating and set a $145.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company reiterated a “market perform” rating and set a $110.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $135.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $134.67.

Buffalo Wild Wings (BWLD) traded down $1.10 during midday trading on Tuesday, reaching $144.25. 839,100 shares of the company’s stock traded hands, compared to its average volume of 521,938. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. 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 stock has a market cap of $2,190.00, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The firm had revenue of $496.70 million for the quarter, compared to analysts’ expectations of $500.97 million. During the same period in the previous year, the company posted $1.23 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. equities research analysts expect that Buffalo Wild Wings will post 4.98 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. bought a new position in Buffalo Wild Wings in the 2nd quarter worth $618,000. Bank of New York Mellon Corp raised its holdings in Buffalo Wild Wings by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 350,269 shares of the restaurant operator’s stock worth $44,378,000 after acquiring an additional 2,701 shares during the period. Pacad Investment Ltd. raised its holdings in Buffalo Wild Wings by 23.7% in the 2nd quarter. Pacad Investment Ltd. now owns 9,400 shares of the restaurant operator’s stock worth $1,191,000 after acquiring an additional 1,800 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Buffalo Wild Wings by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock worth $58,111,000 after purchasing an additional 13,689 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of Buffalo Wild Wings during the 2nd quarter worth about $5,092,000. Hedge funds and other 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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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