Vetr upgraded shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The brokerage currently has $153.33 target price on the stock.
BWLD has been the subject of a number of other reports. BMO Capital Markets reissued a buy rating on shares of Buffalo Wild Wings in a research note on Monday, September 26th. Canaccord Genuity initiated coverage on Buffalo Wild Wings in a research note on Monday, August 22nd. They set a hold rating and a $175.00 price target for the company. Buckingham Research reissued a neutral rating and set a $161.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, September 7th. Guggenheim raised Buffalo Wild Wings from a neutral rating to a buy rating and set a $190.00 price target for the company in a research note on Friday, June 24th. Finally, Credit Suisse Group AG raised their price target on Buffalo Wild Wings from $120.00 to $130.00 and gave the stock an underperform rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. Buffalo Wild Wings has an average rating of Hold and a consensus target price of $157.81.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 140.38 on Wednesday. The stock has a market capitalization of $2.57 billion, a PE ratio of 26.42 and a beta of 0.93. The stock has a 50 day moving average price of $158.30 and a 200-day moving average price of $148.46. Buffalo Wild Wings has a 1-year low of $122.25 and a 1-year high of $198.42.
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, topping the Zacks’ consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The firm earned $490.20 million during the quarter, compared to analyst estimates of $498.86 million. During the same period last year, the company earned $1.12 EPS. Buffalo Wild Wings’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts forecast that Buffalo Wild Wings will post $5.72 earnings per share for the current year.
In other news, SVP Andrew D. Block sold 750 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $155.00, for a total value of $116,250.00. Following the completion of the transaction, the senior vice president now owns 4,963 shares of the company’s stock, valued at approximately $769,265. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sally J. Smith sold 1,500 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $136.55, for a total value of $204,825.00. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in BWLD. Sei Investments Co. boosted its position in Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock worth $143,000 after buying an additional 428 shares during the last quarter. LS Investment Advisors LLC boosted its position in Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Buffalo Wild Wings during the first quarter worth $182,000. Pacer Advisors Inc. acquired a new position in Buffalo Wild Wings during the second quarter worth $184,000. Finally, Quadrature Capital Ltd acquired a new position in Buffalo Wild Wings during the first quarter worth $207,000. 94.76% of the stock is owned by institutional investors.
Buffalo Wild Wings Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Buffalo Wild Wings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.