Buffalo Wild Wings, Inc. (BWLD) Given a $140.00 Price Target at UBS AG
UBS AG set a $140.00 price objective on Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research report sent to investors on Wednesday morning, 99wallstreet.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.
Several other brokerages have also commented on BWLD. Stephens lowered shares of Buffalo Wild Wings from an overweight rating to an equal weight rating and decreased their price objective for the company from $195.00 to $145.00 in a research report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a buy rating and issued a $180.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, June 28th. TheStreet lowered shares of Buffalo Wild Wings from a b- rating to a c rating in a research report on Thursday, June 22nd. Canaccord Genuity decreased their price objective on shares of Buffalo Wild Wings from $160.00 to $135.00 and set a hold rating for the company in a research report on Friday, July 7th. Finally, Telsey Advisory Group reaffirmed an outperform rating and issued a $145.00 price objective (down from $175.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $135.65.
Buffalo Wild Wings (BWLD) opened at 102.35 on Wednesday. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $175.10. The stock has a market capitalization of $1.59 billion, a PE ratio of 25.92 and a beta of 0.83. The firm has a 50-day moving average of $103.57 and a 200 day moving average of $128.68.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm had revenue of $500.00 million during the quarter, compared to the consensus estimate of $512.68 million. During the same quarter in the prior year, the business posted $1.27 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Buffalo Wild Wings will post $4.45 earnings per share for the current fiscal year.
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In other Buffalo Wild Wings news, Director International Master F. Marcato bought 9,100 shares of the stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $109.71 per share, with a total value of $998,361.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.19% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in Buffalo Wild Wings by 10.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 75 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Buffalo Wild Wings during the 1st quarter worth $130,000. Riverhead Capital Management LLC boosted its stake in Buffalo Wild Wings by 95.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 765 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Buffalo Wild Wings by 9.1% during the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock worth $200,000 after purchasing an additional 131 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in Buffalo Wild Wings by 73.5% during the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 700 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.
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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