Buffalo Wild Wings Inc. (BWLD) Shares Up 3.9%
Buffalo Wild Wings Inc. (NASDAQ:BWLD)’s share price shot up 3.9% during mid-day trading on Friday . The company traded as high as $139.92 and last traded at $139.85, with a volume of 384,964 shares. The stock had previously closed at $134.65.
A number of brokerages have issued reports on BWLD. Credit Suisse Group AG lifted their target price on shares of Buffalo Wild Wings from $120.00 to $136.34 and gave the stock an “underperform” rating in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and set a $165.00 target price on shares of Buffalo Wild Wings in a research report on Monday, July 18th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Friday, July 8th. Vetr upgraded shares of Buffalo Wild Wings from a “strong sell” rating to a “hold” rating and set a $140.18 target price for the company in a research report on Monday, June 27th. Finally, Guggenheim upgraded shares of Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, June 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $158.31.
The company has a market cap of $2.65 billion and a PE ratio of 27.19. The stock’s 50 day moving average is $141.51 and its 200-day moving average is $146.04.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly 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 period last year, the business earned $1.52 earnings per share. The firm had revenue of $508.30 million for the quarter, compared to analyst estimates of $533.14 million. Buffalo Wild Wings’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts predict that Buffalo Wild Wings Inc. will post $5.74 EPS for the current fiscal year.
In related news, VP Lee R. Patterson sold 1,285 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $136.65, for a total value of $175,595.25. Following the transaction, the vice president now owns 5,870 shares in the company, valued at $802,135.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sally J. Smith sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $145.74, for a total value of $218,610.00. Following the completion of the transaction, the chief executive officer now owns 57,731 shares in the company, valued at approximately $8,413,715.94. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new position in Buffalo Wild Wings during the fourth quarter worth approximately $5,478,000. Rhumbline Advisers increased its position in Buffalo Wild Wings by 3.7% in the fourth quarter. Rhumbline Advisers now owns 35,606 shares of the company’s stock worth $5,684,000 after buying an additional 1,283 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Buffalo Wild Wings by 8.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,709 shares of the company’s stock worth $1,551,000 after buying an additional 739 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in Buffalo Wild Wings by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 12,260 shares of the company’s stock worth $1,955,000 after buying an additional 4,165 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in Buffalo Wild Wings by 17.1% in the fourth quarter. Financial Counselors Inc. now owns 8,907 shares of the company’s stock worth $1,422,000 after buying an additional 1,301 shares in the last quarter.
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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