Buffalo Wild Wings Inc. (NASDAQ:BWLD) – Analysts at KeyCorp increased their Q3 2016 earnings per share (EPS) estimates for shares of Buffalo Wild Wings in a research note issued to investors on Wednesday. KeyCorp analyst C. O’cull now expects that the brokerage will earn $1.23 per share for the quarter, up from their previous forecast of $1.19. KeyCorp also issued estimates for Buffalo Wild Wings’ Q4 2016 earnings at $1.46 EPS.
BWLD has been the topic of a number of other reports. BMO Capital Markets restated a “buy” rating and set a $165.00 price objective on shares of Buffalo Wild Wings in a report on Monday, June 20th. Vetr upgraded shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating and set a $153.33 price objective on the stock in a report on Wednesday, September 14th. Credit Suisse Group AG lifted their price target on shares of Buffalo Wild Wings from $120.00 to $136.34 and gave the company an “underperform” rating in a research note on Wednesday, July 20th. Wedbush reiterated a “buy” rating and issued a $180.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, June 8th. Finally, Maxim Group reiterated a “hold” rating and issued a $155.00 price target (down from $170.00) on shares of Buffalo Wild Wings in a research note on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $158.00.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 140.35 on Monday. The company has a 50 day moving average of $157.60 and a 200 day moving average of $148.39. The company has a market cap of $2.57 billion, a PE ratio of 26.41 and a beta of 0.92. 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 released its earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $490.20 million during the quarter, compared to analysts’ expectations of $498.86 million. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis.
Several hedge funds have recently modified their holdings of BWLD. Nomura Holdings Inc. boosted its position in Buffalo Wild Wings by 691.3% in the second quarter. Nomura Holdings Inc. now owns 15,178 shares of the company’s stock worth $2,120,000 after buying an additional 13,260 shares in the last quarter. Mason Street Advisors LLC bought a new position in Buffalo Wild Wings during the second quarter worth about $1,193,000. Royal Bank of Canada boosted its position 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 worth $50,031,000 after buying an additional 53,071 shares in the last quarter. Amalgamated Bank boosted its position in Buffalo Wild Wings by 9.3% in the second quarter. Amalgamated Bank now owns 2,281 shares of the company’s stock worth $376,000 after buying an additional 194 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Buffalo Wild Wings by 4.7% in the second quarter. American Century Companies Inc. now owns 6,988 shares of the company’s stock worth $971,000 after buying an additional 313 shares in the last quarter. 94.76% of the stock is owned by institutional investors.
In other news, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $166.02, for a total transaction of $332,040.00. Following the completion of the sale, the chief executive officer now owns 54,393 shares of the company’s stock, valued at approximately $9,030,325.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrew D. Block sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $155.00, for a total transaction of $116,250.00. Following the sale, the senior vice president now directly owns 4,963 shares of the company’s stock, valued at approximately $769,265. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
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.
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.