Stifel Nicolaus Analysts Give Buffalo Wild Wings (BWLD) a $157.00 Price Target
Stifel Nicolaus set a $157.00 target price on Buffalo Wild Wings (NASDAQ:BWLD) in a research note released on Wednesday morning. The brokerage currently has a hold rating on the restaurant operator’s stock.
Other analysts have also issued research reports about the stock. UBS set a $140.00 price objective on shares of Buffalo Wild Wings and gave the stock a buy rating in a report on Wednesday, October 11th. Maxim Group reaffirmed a buy rating and set a $145.00 price objective (down previously from $160.00) on shares of Buffalo Wild Wings in a report on Tuesday, September 19th. Oppenheimer reaffirmed a buy rating and set a $135.00 price objective on shares of Buffalo Wild Wings in a report on Friday, September 15th. Dougherty & Co raised shares of Buffalo Wild Wings from a neutral rating to a buy rating and set a $150.00 price objective for the company in a report on Thursday, October 26th. Finally, Deutsche Bank raised their price objective on shares of Buffalo Wild Wings from $130.00 to $135.00 and gave the stock a buy rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $144.67.
Buffalo Wild Wings (NASDAQ:BWLD) traded down $0.45 during midday trading on Wednesday, hitting $155.50. 3,156,235 shares of the stock traded hands, compared to its average volume of 1,122,371. The firm has a market capitalization of $2,421.92, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.88. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.57. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. research analysts expect that Buffalo Wild Wings will post 4.98 earnings per share for the current year.
In other Buffalo Wild Wings news, Director International Master F. Marcato sold 987,284 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $155.57, for a total value of $153,591,771.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BWLD. Public Employees Retirement System of Ohio boosted its stake in Buffalo Wild Wings by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Buffalo Wild Wings by 4.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 6,677 shares of the restaurant operator’s stock valued at $846,000 after acquiring an additional 254 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Buffalo Wild Wings by 9.1% in the second quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after acquiring an additional 131 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Buffalo Wild Wings by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 10,391 shares of the restaurant operator’s stock valued at $1,317,000 after acquiring an additional 1,143 shares during the last quarter. Finally, ING Groep NV bought a new position in Buffalo Wild Wings in the second quarter valued at approximately $236,000. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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