Morgan Stanley Reiterates “Hold” Rating for Buffalo Wild Wings (NASDAQ:BWLD)

Buffalo Wild Wings (NASDAQ:BWLD)‘s stock had its “hold” rating reiterated by equities research analysts at Morgan Stanley in a research report issued on Tuesday, November 14th. They presently have a $124.00 price target on the restaurant operator’s stock. Morgan Stanley’s target price indicates a potential downside of 20.26% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Oppenheimer decreased their price target on shares of Buffalo Wild Wings from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Wedbush upgraded shares of 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. Stephens reiterated an “equal weight” rating and issued a $145.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Canaccord Genuity reiterated a “hold” rating and issued a $120.00 price objective (down from $135.00) on shares of Buffalo Wild Wings in a research note on Thursday, July 27th. Finally, Telsey Advisory Group lifted their price objective on shares of Buffalo Wild Wings from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $144.67.

Buffalo Wild Wings (BWLD) traded down $0.45 during trading on Tuesday, hitting $155.50. 3,156,235 shares of the company’s stock traded hands, compared to its average volume of 1,122,371. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. Buffalo Wild Wings has a 1 year low of $95.00 and a 1 year high of $175.10. The company has a market cap of $2,414.92, a PE ratio of 35.91, a P/E/G ratio of 1.91 and a beta of 0.88.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. During the same quarter last year, the business posted $1.23 EPS. Buffalo Wild Wings’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts expect that Buffalo Wild Wings will post 4.98 EPS for the current fiscal year.

In other Buffalo Wild Wings news, Director International Master F. Marcato sold 987,284 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $155.57, for a total value of $153,591,771.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marcato Capital Management Lp sold 200,094 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BWLD. Public Employees Retirement System of Ohio increased its position in shares of Buffalo Wild Wings by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 77 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Buffalo Wild Wings in the third quarter valued at about $148,000. Riverhead Capital Management LLC increased its position in shares of Buffalo Wild Wings by 95.6% in the second quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 765 shares during the period. LS Investment Advisors LLC increased its position in shares of Buffalo Wild Wings by 9.1% in the second quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after acquiring an additional 131 shares during the period. Finally, Flinton Capital Management LLC increased its position in shares of Buffalo Wild Wings by 73.5% in the second quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 700 shares during the period. 92.49% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This news story was posted by BBNS and is the property of of BBNS. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://baseballnewssource.com/markets/buffalo-wild-wings-inc-bwld-receives-hold-rating-from-morgan-stanley/1783190.html.

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)

Receive News & Ratings for Buffalo Wild Wings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.