Buffalo Wild Wings’ (BWLD) “Buy” Rating Reiterated at Maxim Group
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “buy” rating reiterated by stock analysts at Maxim Group in a report released on Tuesday. They presently have a $145.00 price objective on the restaurant operator’s stock. Maxim Group’s price objective would suggest a potential upside of 34.88% from the company’s current price.
The analysts wrote, “We maintain our Buy rating on Buffalo Wild Wings (BWLD), though lower our price target to $145, from $160, following a company investor presentation yesterday.””
Other research analysts also recently issued research reports about the company. UBS AG reiterated a “buy” rating and set a $175.00 price target (down previously from $185.00) on shares of Buffalo Wild Wings in a research note on Monday, June 12th. Deutsche Bank AG set a $180.00 price target on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Sunday, May 28th. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 price target (down previously from $155.00) on shares of Buffalo Wild Wings in a research note on Monday, June 5th. Wedbush upgraded Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a research note on Thursday, July 20th. Finally, Stephens reiterated an “equal weight” rating and set a $145.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $140.71.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 107.50 on Tuesday. The stock has a 50 day moving average of $106.65 and a 200-day moving average of $134.80. The company has a market cap of $1.67 billion, a PE ratio of 27.23 and a beta of 0.86. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $500.00 million for the quarter, compared to the consensus estimate of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. Equities analysts forecast that Buffalo Wild Wings will post $4.53 earnings per share for the current year.
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In other news, Director International Master F. Marcato acquired 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd increased its stake in Buffalo Wild Wings by 164.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 6,496 shares of the restaurant operator’s stock worth $823,000 after purchasing an additional 4,035 shares during the period. Public Employees Retirement System of Ohio increased its stake in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares during the period. Koch Industries Inc. purchased a new position in Buffalo Wild Wings in the 2nd quarter worth approximately $618,000. Verition Fund Management LLC purchased a new position in Buffalo Wild Wings in the 2nd quarter worth approximately $837,000. Finally, Nomura Holdings Inc. purchased a new position in Buffalo Wild Wings in the 2nd quarter worth approximately $1,126,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.
About Buffalo Wild Wings
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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