Buffalo Wild Wings (NASDAQ:BWLD)‘s stock had its “outperform” rating restated by Zacks in a report released on Friday. They currently have a $172.00 price target on the stock. Zacks‘s price objective would indicate a potential upside of 19.85% from the stock’s previous close.
Zacks’ analyst wrote, “Buffalo Wild Wings posted solid first quarter 2014 results and increased its financial outlook for 2014. Adjusted earnings of $1.49 beat the Zacks Consensus Estimate and were also up year over year driven by solid top-line growth and lower cost of sales. Moreover, total revenue increased 20.9% year over year and also comfortably beat the Zacks Consensus Estimate, thanks to strong comps and new unit openings. Buffalo Wild Wings registered company-owned comps growth of 6.6% owing to the shift of Easter to the second quarter and the NCAA tournament that drove traffic to the restaurants. The company has been consistently posting positive comps for the past two years. Moreover, owing to its decision to serve wings by portion, margins have improved in the recent past. Further, we are encouraged by the company’s strong market standing, new menu launches and increased media exposure. Also, its association with the NCAA increases its visibility as a brand.”
In other Buffalo Wild Wings news, CEO Sally Smith sold 1,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $139.18, for a total value of $208,770.00. Following the completion of the transaction, the chief executive officer now directly owns 78,391 shares of the company’s stock, valued at approximately $10,910,459. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 0.12% during mid-day trading on Friday, hitting $143.68. The stock had a trading volume of 77,885 shares. Buffalo Wild Wings has a 52-week low of $93.29 and a 52-week high of $159.81. The stock’s 50-day moving average is $141.9 and its 200-day moving average is $143.3. The company has a market cap of $2.716 billion and a P/E ratio of 32.53.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Monday, April 28th. The company reported $1.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.34 by $0.15. The company had revenue of $367.90 million for the quarter, compared to the consensus estimate of $362.96 million. During the same quarter last year, the company posted $0.87 earnings per share. Buffalo Wild Wings’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that Buffalo Wild Wings will post $5.07 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BWLD. Analysts at Buckingham Research initiated coverage on shares of Buffalo Wild Wings in a research note on Friday, May 9th. They set an “underperform” rating and a $116.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Buffalo Wild Wings in a research note on Friday, May 2nd. They now have a $158.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Buffalo Wild Wings in a research note on Tuesday, April 29th. They now have a $184.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $147.80.
Buffalo Wild Wings, Inc, is a owner, operator, and franchisor of restaurants. The Company features a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 16 types of sauces or five types of seasonings.
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