Buffalo Wild Wings, Inc. (BWLD) Reaches New 52-Week Low on Disappointing Earnings

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $110.55 and last traded at $111.15, with a volume of 1,597,387 shares trading hands. The stock had previously closed at $122.65.

The restaurant operator reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by $0.35. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The company had revenue of $500 million for the quarter, compared to the consensus estimate of $512.68 million. During the same period in the prior year, the company earned $1.27 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.

BWLD has been the topic of a number of research reports. Deutsche Bank AG restated a “buy” rating and set a $180.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday, June 28th. Maxim Group upgraded shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a research report on Friday, May 19th. UBS AG upgraded shares of Buffalo Wild Wings to a “buy” rating in a research report on Monday, May 15th. BTIG Research restated a “neutral” rating on shares of Buffalo Wild Wings in a research report on Monday, April 17th. Finally, Wedbush downgraded shares of Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and upped their target price for the company from $150.00 to $155.00 in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $141.78.

In other Buffalo Wild Wings news, Director International Master F. Marcato purchased 9,100 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was 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 can be accessed through this link. 1.19% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 44 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in 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 valued at $117,000 after buying an additional 75 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Buffalo Wild Wings during the first quarter valued at $130,000. Flinton Capital Management LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 56 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 68 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 28.82 and a beta of 0.86. The firm’s 50-day moving average is $123.00 and its 200-day moving average is $145.47.

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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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