Buffalo Wild Wings, Inc. (BWLD) Given Hold Rating at Cowen and Company
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a note issued to investors on Friday. They presently have a $110.00 target price on the restaurant operator’s stock. Cowen and Company’s price target indicates a potential upside of 7.06% from the company’s previous close.
Several other analysts also recently weighed in on BWLD. UBS AG restated a “buy” rating and set a $175.00 price objective (down previously from $185.00) on shares of Buffalo Wild Wings in a research report on Monday, June 12th. Deutsche Bank AG set a $180.00 price objective on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Sunday, May 28th. Mizuho began coverage on shares of Buffalo Wild Wings in a research report on Thursday, June 8th. They set a “neutral” rating and a $150.00 price objective for the company. Barclays PLC cut their target price on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, July 27th. Finally, Maxim Group cut their target price on shares of Buffalo Wild Wings from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $142.55.
Buffalo Wild Wings (BWLD) opened at 102.75 on Friday. Buffalo Wild Wings has a 52 week low of $102.20 and a 52 week high of $175.10. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 26.03 and a beta of 0.86. The firm’s 50-day moving average is $112.58 and its 200-day moving average is $139.40.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by $0.35. The company had revenue of $500 million for the quarter, compared to analysts’ expectations of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, equities analysts anticipate that Buffalo Wild Wings will post $4.53 earnings per share for the current year.
In related news, Director International Master F. Marcato purchased 9,100 shares of the stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Buffalo Wild Wings by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after buying an additional 77 shares during the period. Tyers Asset Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock worth $114,000 after buying an additional 44 shares during the period. FNY Managed Accounts LLC bought a new position in Buffalo Wild Wings during the first quarter worth $130,000. Flinton Capital Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock worth $146,000 after buying an additional 56 shares during the period. Finally, Neuburgh Advisers LLC raised its stake in Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 68 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.
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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