Brokerages Set Buffalo Wild Wings Inc. (BWLD) Target Price at $161.70
Buffalo Wild Wings Inc. (NASDAQ:BWLD) has earned an average rating of “Hold” from the twenty-nine analysts that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $161.70.
Several equities research analysts have issued reports on the stock. Vetr upgraded shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating and set a $165.00 price target on the stock in a research note on Monday, August 8th. Raymond James Financial Inc. lowered shares of Buffalo Wild Wings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Maxim Group lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a research note on Tuesday, August 2nd. Credit Suisse Group AG upgraded shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $130.00 to $165.00 in a research note on Tuesday, August 9th. Finally, Longbow Research lowered shares of Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a research note on Friday, August 19th.
In other Buffalo Wild Wings news, SVP Andrew D. Block sold 250 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $150.00, for a total value of $37,500.00. Following the completion of the transaction, the senior vice president now directly owns 4,963 shares in the company, valued at approximately $744,450. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Judith A. Shoulak sold 1,992 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $150.00, for a total transaction of $298,800.00. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Buffalo Wild Wings by 21.3% in the third quarter. Creative Planning now owns 4,963 shares of the company’s stock valued at $698,000 after buying an additional 870 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Buffalo Wild Wings by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 6,525 shares of the company’s stock valued at $918,000 after buying an additional 130 shares during the period. Nomura Holdings Inc. boosted its stake in Buffalo Wild Wings by 691.3% in the second quarter. Nomura Holdings Inc. now owns 15,178 shares of the company’s stock valued at $2,120,000 after buying an additional 13,260 shares during the period. Mason Street Advisors LLC purchased a new stake in Buffalo Wild Wings during the second quarter valued at $1,193,000. Finally, Royal Bank of Canada boosted its stake in Buffalo Wild Wings by 17.3% in the second quarter. Royal Bank of Canada now owns 360,063 shares of the company’s stock valued at $50,031,000 after buying an additional 53,071 shares during the period. Hedge funds and other institutional investors own 94.74% of the company’s stock.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 139.95 on Thursday. The company has a market cap of $2.56 billion, a PE ratio of 26.34 and a beta of 0.93. The company has a 50 day moving average of $151.34 and a 200 day moving average of $147.85. Buffalo Wild Wings has a 1-year low of $122.25 and a 1-year high of $189.82.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The firm had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. During the same period in the previous year, the business earned $1.12 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Equities analysts expect that Buffalo Wild Wings will post $5.72 earnings per share for the current fiscal year.
About Buffalo Wild Wings
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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