Buffalo Wild Wings Inc. (BWLD) Issues FY16 Earnings Guidance

Buffalo Wild Wings Inc. (NASDAQ:BWLD) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.65-5.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.74.

Shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) traded down 1.32% on Tuesday, hitting $147.00. The stock had a trading volume of 1,564,288 shares. The company has a 50 day moving average of $141.59 and a 200-day moving average of $145.85. Buffalo Wild Wings Inc. has a 12-month low of $122.25 and a 12-month high of $205.83. The firm has a market capitalization of $2.77 billion and a P/E ratio of 28.39.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.01. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business had revenue of $490.20 million for the quarter, compared to analysts’ expectations of $498.86 million. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that Buffalo Wild Wings Inc. will post $5.74 EPS for the current fiscal year.

BWLD has been the topic of a number of recent research reports. Telsey Advisory Group upgraded shares of Buffalo Wild Wings from a market perform rating to an outperform rating and upped their price target for the company from $165.00 to $175.00 in a research note on Tuesday, March 29th. Maxim Group reaffirmed a buy rating and set a $190.00 target price (down previously from $195.00) on shares of Buffalo Wild Wings in a report on Tuesday, April 5th. Oppenheimer Holdings Inc. reaffirmed a buy rating and set a $200.00 target price on shares of Buffalo Wild Wings in a report on Wednesday, April 6th. Robert W. Baird reaffirmed a buy rating and set a $188.00 target price on shares of Buffalo Wild Wings in a report on Monday, April 11th. Finally, Credit Agricole SA started coverage on shares of Buffalo Wild Wings in a report on Wednesday, April 13th. They set an underperform rating on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $159.24.

In other news, Director Warren E. Mack sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $136.48, for a total value of $136,480.00. Following the completion of the sale, the director now directly owns 13,050 shares of the company’s stock, valued at approximately $1,781,064. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sally J. Smith sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $136.55, for a total transaction of $204,825.00. The disclosure for this sale can be found here.

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.