Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “neutral” rating reissued by equities research analysts at Credit Suisse Group in a note issued to investors on Thursday, July 27th. They currently have a $120.00 price target on the restaurant operator’s stock, down from their previous price target of $150.00. Credit Suisse Group’s target price suggests a potential upside of 6.62% from the stock’s previous close.
Several other brokerages have also recently weighed in on BWLD. Maxim Group reaffirmed a “hold” rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a report on Tuesday, May 9th. Barclays PLC dropped their price target on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a research note on Thursday, July 27th. Citigroup Inc. reiterated a “neutral” rating and issued a $161.00 price target (down from $162.00) on shares of Buffalo Wild Wings in a research note on Monday, May 15th. UBS AG reiterated a “buy” rating and issued a $175.00 price target (down from $185.00) on shares of Buffalo Wild Wings in a research note on Monday, June 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $160.00 price target (up from $145.00) on shares of Buffalo Wild Wings in a research note on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $141.78.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.84% during mid-day trading on Thursday, hitting $112.55. 355,940 shares of the stock were exchanged. Buffalo Wild Wings has a 52 week low of $105.10 and a 52 week high of $175.10. The company has a 50-day moving average of $125.52 and a 200-day moving average of $146.18. The stock has a market capitalization of $1.74 billion, a PE ratio of 28.51 and a beta of 0.86.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.35. The firm had revenue of $500 million during the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. On average, equities analysts predict that Buffalo Wild Wings will post $4.54 EPS for the current fiscal year.
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In other Buffalo Wild Wings news, Director International Master F. Marcato purchased 9,100 shares of the stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.19% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. boosted its stake in shares of Buffalo Wild Wings by 0.5% in the first quarter. Suntrust Banks Inc. now owns 2,451 shares of the restaurant operator’s stock worth $374,000 after buying an additional 12 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock worth $114,000 after buying an additional 44 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock worth $146,000 after buying an additional 56 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock worth $177,000 after buying an additional 68 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of 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 worth $117,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.
Buffalo Wild Wings Company Profile
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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