Buffalo Wild Wings (NASDAQ:BWLD) Cut to “Sell” at BidaskClub

BidaskClub cut shares of Buffalo Wild Wings (NASDAQ:BWLD) from a hold rating to a sell rating in a report published on Saturday, January 6th.

BWLD has been the topic of several other reports. Canaccord Genuity reaffirmed a hold rating and set a $157.00 price target on shares of Buffalo Wild Wings in a research report on Tuesday, November 28th. Deutsche Bank increased their price objective on shares of Buffalo Wild Wings from $130.00 to $135.00 and gave the company a buy rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a strong sell rating to a hold rating in a research note on Tuesday, September 26th. Cowen restated a market perform rating and issued a $110.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, September 20th. Finally, Oppenheimer reiterated a buy rating and set a $135.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and three have given a buy rating to the company’s stock. Buffalo Wild Wings has an average rating of Hold and a consensus target price of $144.67.

Buffalo Wild Wings (BWLD) traded up $0.05 during trading on Friday, hitting $156.75. 338,344 shares of the stock traded hands, compared to its average volume of 468,154. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.70 and a quick ratio of 0.61. The firm has a market capitalization of $2,434.80, a PE ratio of 40.82, a PEG ratio of 1.72 and a beta of 0.90. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $165.70.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The business had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts forecast that Buffalo Wild Wings will post 4.99 EPS for the current fiscal year.

In other news, Director Marcato Capital Management Lp sold 200,094 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director International Master F. Marcato purchased 950,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of $156.60 per share, for a total transaction of $148,770,000.00. The disclosure for this purchase can be found here. Insiders own 1.19% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. 3G Capital Partners LP bought a new stake in shares of Buffalo Wild Wings during the third quarter valued at about $30,290,000. Koch Industries Inc. bought a new stake in shares of Buffalo Wild Wings during the second quarter valued at about $618,000. Dimensional Fund Advisors LP increased its position in shares of Buffalo Wild Wings by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock valued at $58,111,000 after buying an additional 13,689 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Buffalo Wild Wings during the second quarter valued at about $5,092,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Buffalo Wild Wings by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after purchasing an additional 5,399 shares in the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

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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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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