Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its target price dropped by Maxim Group from $180.00 to $165.00 in a report issued on Monday. The firm presently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price objective indicates a potential upside of 34.86% from the company’s current price.

Several other equities analysts have also recently commented on the company. UBS AG raised Buffalo Wild Wings to a “buy” rating in a report on Monday, May 15th. TheStreet cut Buffalo Wild Wings from a “b-” rating to a “c” rating in a report on Thursday, June 22nd. Wedbush cut Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and upped their price target for the company from $150.00 to $155.00 in a report on Tuesday, May 30th. Telsey Advisory Group upped their price target on Buffalo Wild Wings from $162.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $161.00 price target (down previously from $162.00) on shares of Buffalo Wild Wings in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $151.45.

Shares of Buffalo Wild Wings (NASDAQ BWLD) opened at 122.35 on Monday. The company has a market capitalization of $1.97 billion, a P/E ratio of 26.49 and a beta of 0.89. Buffalo Wild Wings has a one year low of $119.55 and a one year high of $175.10. The stock has a 50 day moving average price of $132.45 and a 200-day moving average price of $148.35.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a net margin of 4.14% and a return on equity of 16.55%. The business had revenue of $534.80 million for the quarter, compared to the consensus estimate of $536.10 million. During the same quarter in the previous year, the company earned $1.73 EPS. Buffalo Wild Wings’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that Buffalo Wild Wings will post $5.26 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Buffalo Wild Wings by 21,879.4% in the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock worth $263,048,000 after buying an additional 1,714,248 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Buffalo Wild Wings by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock worth $215,305,000 after buying an additional 6,256 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Buffalo Wild Wings by 59.2% in the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock worth $126,005,000 after buying an additional 306,743 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Buffalo Wild Wings by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 444,951 shares of the restaurant operator’s stock worth $67,965,000 after buying an additional 10,780 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Buffalo Wild Wings by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 347,568 shares of the restaurant operator’s stock worth $53,090,000 after buying an additional 12,165 shares during the last quarter. 90.69% of the stock is owned by hedge funds and other institutional investors.

About Buffalo Wild Wings

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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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