Buffalo Wild Wings Inc. (NASDAQ:BWLD)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research note issued to investors on Saturday. They presently have a $180.00 target price on the stock. Wedbush’s price objective suggests a potential upside of 26.23% from the company’s previous close.
Other research analysts have also issued research reports about the company. Vetr lowered Buffalo Wild Wings from a “strong-buy” rating to a “buy” rating and set a $162.50 price objective on the stock. in a report on Monday, July 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $165.00 target price on shares of Buffalo Wild Wings in a research note on Monday, July 18th. Zacks Investment Research raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Friday, July 8th. Finally, Guggenheim raised Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $162.46.
Buffalo Wild Wings (NASDAQ:BWLD) traded up 2.34% during mid-day trading on Friday, reaching $142.60. 624,483 shares of the company were exchanged. Buffalo Wild Wings has a 1-year low of $122.25 and a 1-year high of $190.91. The stock’s 50-day moving average price is $152.01 and its 200-day moving average price is $147.97. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 26.83 and a beta of 0.92.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, equities research analysts anticipate that Buffalo Wild Wings will post $5.72 EPS for the current fiscal year.
In other news, Director J Oliver Maggard sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $169.36, for a total value of $50,808.00. Following the transaction, the director now owns 3,522 shares of the company’s stock, valued at $596,485.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sally J. Smith sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $166.02, for a total value of $332,040.00. Following the completion of the transaction, the chief executive officer now directly owns 54,393 shares in the company, valued at approximately $9,030,325.86. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWLD. Commonwealth Equity Services Inc raised its position in Buffalo Wild Wings by 5.0% in the first quarter. Commonwealth Equity Services Inc now owns 1,963 shares of the company’s stock worth $291,000 after buying an additional 93 shares during the last quarter. Aperio Group LLC raised its position in Buffalo Wild Wings by 10.6% in the first quarter. Aperio Group LLC now owns 2,030 shares of the company’s stock worth $301,000 after buying an additional 194 shares during the last quarter. Virginia Retirement System bought a new position in Buffalo Wild Wings during the first quarter worth about $267,000. Teachers Advisors Inc. raised its position in Buffalo Wild Wings by 5.9% in the first quarter. Teachers Advisors Inc. now owns 31,463 shares of the company’s stock worth $4,660,000 after buying an additional 1,743 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Buffalo Wild Wings by 9.8% in the first quarter. BlackRock Inc. now owns 7,461 shares of the company’s stock worth $1,106,000 after buying an additional 663 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.
Buffalo Wild Wings Company Profile
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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