Several other analysts have also issued reports on BWLD. BMO Capital Markets reiterated an outperform rating and issued a $190.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday. Vetr upgraded shares of Buffalo Wild Wings from a hold rating to a buy rating and set a $145.00 target price on the stock in a research report on Monday, October 10th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a hold rating to a buy rating and set a $157.00 target price on the stock in a research report on Tuesday, October 4th. Maxim Group reiterated a hold rating and issued a $155.00 target price (down previously from $170.00) on shares of Buffalo Wild Wings in a research report on Friday, September 30th. Finally, Citigroup Inc. lifted their target price on shares of Buffalo Wild Wings from $152.00 to $175.00 and gave the company a neutral rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Buffalo Wild Wings presently has an average rating of Hold and an average target price of $162.46.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 2.34% during trading on Friday, reaching $142.60. 624,483 shares of the company traded hands. The firm has a 50 day moving average of $152.01 and a 200 day moving average of $147.97. The stock has a market capitalization of $2.61 billion, a PE ratio of 26.83 and a beta of 0.92. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $190.91.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The company had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. On average, equities analysts predict that Buffalo Wild Wings will post $5.72 EPS for the current 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 shares were sold at an average price of $150.00, for a total transaction of $37,500.00. Following the completion of the sale, the senior vice president now owns 4,963 shares in the company, valued at approximately $744,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Oliver Maggard sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $169.36, for a total transaction of $50,808.00. Following the sale, the director now owns 3,522 shares of the company’s stock, valued at approximately $596,485.92. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in 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 during the period. LS Investment Advisors LLC increased its stake 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 valued at $162,000 after buying an additional 480 shares during the period. Pacer Advisors Inc. acquired a new stake in Buffalo Wild Wings during the second quarter valued at approximately $184,000. Quadrature Capital Ltd acquired a new stake in Buffalo Wild Wings during the first quarter valued at approximately $207,000. Finally, Oakbrook Investments LLC acquired a new stake in Buffalo Wild Wings during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 94.76% 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.
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