Buffalo Wild Wings Inc. (NASDAQ:BWLD)‘s stock had its “hold” rating reiterated by stock analysts at Maxim Group in a research report issued to clients and investors on Friday. They currently have a $155.00 target price on the stock, down from their previous target price of $170.00. Maxim Group’s price objective indicates a potential upside of 10.41% from the company’s current price.
A number of other brokerages have also issued reports on BWLD. Vetr raised shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating and set a $165.00 target price on the stock in a research report on Monday, August 8th. Raymond James Financial Inc. lowered shares of Buffalo Wild Wings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Credit Suisse Group AG raised shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $130.00 to $165.00 in a report on Tuesday, August 9th. Longbow Research lowered shares of Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a report on Friday, August 19th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $165.00 price target on shares of Buffalo Wild Wings in a report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the company. Buffalo Wild Wings presently has a consensus rating of “Hold” and an average target price of $157.81.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 140.38 on Friday. Buffalo Wild Wings has a 52-week low of $122.25 and a 52-week high of $198.42. The company has a market capitalization of $2.57 billion, a P/E ratio of 26.42 and a beta of 0.93. The firm’s 50 day moving average is $158.30 and its 200-day moving average is $148.46.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The business had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Buffalo Wild Wings’s revenue was up 15.0% compared to the same quarter last year. Equities research analysts anticipate that Buffalo Wild Wings will post $5.72 earnings per share for the current fiscal year.
In related news, SVP Andrew D. Block sold 750 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $155.00, for a total value of $116,250.00. Following the sale, the senior vice president now directly owns 4,963 shares in the company, valued at approximately $769,265. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sally J. Smith sold 2,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $166.02, for a total transaction of $332,040.00. Following the completion of the sale, the chief executive officer now owns 54,393 shares in the company, valued at $9,030,325.86. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Champlain Investment Partners LLC purchased a new stake in shares of Buffalo Wild Wings during the first quarter worth $28,156,000. Royal Bank of Canada increased its stake in shares of Buffalo Wild Wings by 139.2% in the first quarter. Royal Bank of Canada now owns 306,992 shares of the company’s stock worth $45,471,000 after buying an additional 178,671 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Buffalo Wild Wings by 37.5% in the second quarter. Bank of New York Mellon Corp now owns 344,239 shares of the company’s stock worth $47,832,000 after buying an additional 93,923 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Buffalo Wild Wings by 11.7% in the second quarter. Franklin Resources Inc. now owns 671,035 shares of the company’s stock worth $93,261,000 after buying an additional 70,298 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Buffalo Wild Wings during the second quarter worth $9,485,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
About Buffalo Wild Wings
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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