Maxim Group reiterated their hold rating on shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) in a report issued on Friday. The brokerage currently has a $155.00 price target on the stock, down from their prior price target of $170.00.
A number of other equities analysts have also issued reports on BWLD. BMO Capital Markets restated a buy rating on shares of Buffalo Wild Wings in a research note on Sunday, June 26th. Vetr lowered Buffalo Wild Wings from a strong-buy rating to a buy rating and set a $162.50 target price for the company. in a research note on Monday, July 25th. Morgan Stanley restated a hold rating and issued a $151.00 target price on shares of Buffalo Wild Wings in a research note on Thursday, July 28th. Buckingham Research reiterated a neutral rating and set a $149.00 price objective on shares of Buffalo Wild Wings in a research note on Tuesday, July 26th. Finally, Telsey Advisory Group lifted their price objective on Buffalo Wild Wings from $160.00 to $170.00 and gave the company an outperform rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $158.00.
Buffalo Wild Wings (NASDAQ:BWLD) opened at 140.35 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 26.41 and a beta of 0.92. The company’s 50-day moving average price is $157.60 and its 200-day moving average price is $148.39. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $198.42.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its 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. The company earned $490.20 million during the quarter, compared to analyst estimates of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Equities analysts forecast that Buffalo Wild Wings will post $5.72 earnings per share for the current fiscal year.
In other news, SVP Andrew D. Block sold 250 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $37,500.00. Following 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Sally J. Smith sold 1,500 shares of the business’s stock in a transaction that occurred on 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. Insiders own 1.19% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock valued at $143,000 after buying an additional 428 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock valued at $162,000 after buying an additional 480 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of Buffalo Wild Wings during the first quarter valued at $182,000. Pacer Advisors Inc. bought a new position in shares of Buffalo Wild Wings during the second quarter valued at $184,000. Finally, Quadrature Capital Ltd bought a new position in shares of Buffalo Wild Wings during the first quarter valued at $207,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
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.
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