Buffalo Wild Wings Inc. (BWLD) Shares Down 3.8%
Buffalo Wild Wings Inc. (NASDAQ:BWLD)’s share price traded down 3.8% during trading on Friday . The stock traded as low as $135.33 and last traded at $136.29, with a volume of 597,416 shares trading hands. The stock had previously closed at $141.60.
Several equities analysts have commented on the stock. Vetr upgraded shares of Buffalo Wild Wings from a “buy” rating to a “strong-buy” rating and set a $170.54 price objective on the stock in a report on Monday, March 21st. Wedbush reiterated a “buy” rating and issued a $180.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, June 8th. Maxim Group reiterated a “buy” rating and issued a $190.00 price objective (down from $195.00) on shares of Buffalo Wild Wings in a report on Tuesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $160.00 price objective (down from $165.00) on shares of Buffalo Wild Wings in a report on Monday, April 18th. Finally, Telsey Advisory Group upgraded shares of Buffalo Wild Wings from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $175.00 in a report on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. Buffalo Wild Wings presently has an average rating of “Buy” and a consensus price target of $157.63.
The stock has a market capitalization of $2.56 billion and a PE ratio of 26.25. The stock has a 50-day moving average of $142.69 and a 200-day moving average of $146.78.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Tuesday, April 26th. The company reported $1.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.77 by $0.04. The business earned $508.30 million during the quarter, compared to analyst estimates of $533.14 million. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Equities research analysts forecast that Buffalo Wild Wings Inc. will post $5.75 earnings per share for the current year.
In other Buffalo Wild Wings news, CEO Sally J. Smith sold 1,500 shares of Buffalo Wild Wings stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $145.74, for a total transaction of $218,610.00. Following the completion of the transaction, the chief executive officer now owns 57,731 shares of the company’s stock, valued at approximately $8,413,715.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lee R. Patterson sold 1,285 shares of Buffalo Wild Wings stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $136.65, for a total value of $175,595.25. Following the transaction, the vice president now directly owns 5,870 shares of the company’s stock, valued at approximately $802,135.50. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of BWLD. Wells Fargo & Company MN raised its position in Buffalo Wild Wings by 79.8% in the fourth quarter. Wells Fargo & Company MN now owns 161,838 shares of the company’s stock worth $25,836,000 after buying an additional 71,821 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Buffalo Wild Wings by 37.8% in the fourth quarter. OppenheimerFunds Inc. now owns 221,678 shares of the company’s stock valued at $35,391,000 after buying an additional 60,798 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Buffalo Wild Wings by 31.8% in the fourth quarter. Victory Capital Management Inc. now owns 215,225 shares of the company’s stock valued at $34,361,000 after buying an additional 51,925 shares during the last quarter. Cypress Funds LLC acquired a new position in shares of Buffalo Wild Wings during the fourth quarter valued at approximately $7,983,000. Finally, First Trust Advisors LP acquired a new position in shares of Buffalo Wild Wings during the fourth quarter valued at approximately $5,478,000.
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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