Buffalo Wild Wings Inc. (BWLD) Sees Strong Trading Volume
Buffalo Wild Wings Inc. (NASDAQ:BWLD) saw unusually-high trading volume on Thursday . Approximately 1,049,760 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 580,747 shares.The stock last traded at $135.95 and had previously closed at $136.84.
BWLD has been the subject of several research reports. Vetr raised shares of Buffalo Wild Wings from a “buy” rating to a “strong-buy” rating and set a $170.54 price target for the company in a research report on Monday, March 21st. Goldman Sachs Group Inc. raised shares of Buffalo Wild Wings from a “buy” rating to a “conviction-buy” rating and set a $187.00 price target for the company in a research report on Thursday, March 24th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Buffalo Wild Wings in a research report on Friday, March 25th. Telsey Advisory Group raised shares of Buffalo Wild Wings from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $175.00 in a research report on Tuesday, March 29th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $190.00 price target (down previously from $195.00) on shares of Buffalo Wild Wings in a research report on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $157.63.
The company has a market cap of $2.64 billion and a price-to-earnings ratio of 27.05. The firm has a 50-day moving average of $142.77 and a 200 day moving average of $147.42.
Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings results on Tuesday, April 26th. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by $0.04. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company earned $508.30 million during the quarter, compared to analysts’ expectations of $533.14 million. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts anticipate that Buffalo Wild Wings Inc. will post $5.75 earnings per share for the current year.
In related news, SVP Andrew D. Block sold 250 shares of Buffalo Wild Wings stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $145.00, for a total transaction of $36,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sally J. Smith sold 1,000 shares of Buffalo Wild Wings stock in a transaction dated Friday, April 15th. The stock was sold at an average price of $147.48, for a total value of $147,480.00. Following the transaction, the chief executive officer now directly owns 59,231 shares in the company, valued at $8,735,387.88. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Buffalo Wild Wings by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 366,392 shares of the company’s stock worth $58,495,000 after buying an additional 14,591 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Buffalo Wild Wings by 14.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 225,423 shares of the company’s stock worth $35,989,000 after buying an additional 29,011 shares during the last quarter. Advisors Asset Management Inc. raised its position in Buffalo Wild Wings by 24.2% in the fourth quarter. Advisors Asset Management Inc. now owns 6,281 shares of the company’s stock worth $1,003,000 after buying an additional 1,222 shares during the last quarter. Cypress Funds LLC purchased a new position in Buffalo Wild Wings during the fourth quarter worth about $7,983,000. Finally, UBS Oconnor LLC purchased a new position in Buffalo Wild Wings during the fourth quarter worth about $2,874,000.
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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