Buffalo Wild Wings, Inc. (BWLD) Now Covered by Stifel Nicolaus
Investment analysts at Stifel Nicolaus initiated coverage on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a report released on Monday. The brokerage set a “hold” rating and a $115.00 price target on the restaurant operator’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 9.58% from the company’s current price.
A number of other research firms have also weighed in on BWLD. Cowen and Company restated a “market perform” rating and set a $110.00 target price (down previously from $150.00) on shares of Buffalo Wild Wings in a report on Thursday, July 27th. Barclays PLC dropped their target price on Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. UBS AG reiterated a “buy” rating and issued a $175.00 price target (down from $185.00) on shares of Buffalo Wild Wings in a report on Monday, June 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $160.00 price target (up from $145.00) on shares of Buffalo Wild Wings in a report on Monday, June 5th. Finally, Maxim Group reduced their price target on Buffalo Wild Wings from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $139.55.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 104.95 on Monday. The company has a market capitalization of $1.63 billion, a P/E ratio of 26.58 and a beta of 0.83. The stock’s 50 day moving average price is $104.89 and its 200 day moving average price is $131.12. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.35). The business had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. Buffalo Wild Wings’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 earnings per share. Equities analysts anticipate that Buffalo Wild Wings will post $4.49 EPS for the current fiscal year.
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In related news, Director International Master F. Marcato bought 9,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of 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 valued at $107,000 after acquiring an additional 77 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in Buffalo Wild Wings in the 1st quarter valued at $130,000. Riverhead Capital Management LLC grew its holdings in Buffalo Wild Wings by 95.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 765 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Buffalo Wild Wings by 9.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after buying an additional 131 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in Buffalo Wild Wings by 73.5% in the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 700 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.
Buffalo Wild Wings Company Profile
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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