Buffalo Wild Wings (BWLD) Downgraded to Sell at BidaskClub
Buffalo Wild Wings (NASDAQ:BWLD) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
Other equities research analysts also recently issued reports about the stock. Telsey Advisory Group raised their target price on shares of Buffalo Wild Wings from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, October 26th. Maxim Group raised their target price on shares of Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. UBS Group set a $140.00 price target on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $157.00 price target on shares of Buffalo Wild Wings and gave the stock a “hold” rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 price target on shares of Buffalo Wild Wings and gave the stock a “hold” rating in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $144.67.
Shares of Buffalo Wild Wings (NASDAQ BWLD) opened at $156.75 on Friday. The firm has a market cap of $2,434.72, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $165.70. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.57. The company had revenue of $496.70 million during the quarter, compared to the consensus estimate of $500.97 million. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. Buffalo Wild Wings’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. equities research analysts anticipate that Buffalo Wild Wings will post 4.99 EPS for the current year.
In other Buffalo Wild Wings news, Director Marcato Capital Management Lp sold 200,094 shares of Buffalo Wild Wings stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total value of $31,122,620.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director International Master F. Marcato acquired 950,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of $156.60 per share, with a total value of $148,770,000.00. The disclosure for this purchase can be found here. Company insiders own 1.19% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in Buffalo Wild Wings by 6.6% in the second quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after buying an additional 40,406 shares in the last quarter. Koch Industries Inc. purchased a new position in Buffalo Wild Wings in the second quarter valued at $618,000. Dimensional Fund Advisors LP increased its holdings in Buffalo Wild Wings by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock valued at $51,367,000 after buying an additional 27,330 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Buffalo Wild Wings by 36.8% in the third quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock valued at $43,435,000 after buying an additional 110,439 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Buffalo Wild Wings by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock valued at $37,594,000 after buying an additional 5,399 shares in the last quarter. 91.92% of the stock is owned by institutional investors.
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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.
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