Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its target price lowered by analysts at Maxim Group from $180.00 to $165.00 in a report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target would indicate a potential upside of 33.39% from the stock’s previous close.
BWLD has been the subject of a number of other research reports. Deutsche Bank AG set a $180.00 price objective on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Sunday, May 28th. KeyCorp reduced their price objective on Buffalo Wild Wings from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, June 6th. UBS AG reaffirmed a “buy” rating and set a $175.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Wedbush lowered Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research report on Tuesday, May 30th. Finally, BTIG Research reiterated a “neutral” rating on shares of Buffalo Wild Wings in a research note on Monday, April 17th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $151.45.
Buffalo Wild Wings (BWLD) opened at 123.70 on Monday. The company’s 50 day moving average price is $130.76 and its 200 day moving average price is $147.87. The stock has a market cap of $2.00 billion, a PE ratio of 26.78 and a beta of 0.88. Buffalo Wild Wings has a 12 month low of $119.55 and a 12 month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a net margin of 4.14% and a return on equity of 16.55%. The company had revenue of $534.80 million for the quarter, compared to the consensus estimate of $536.10 million. During the same period last year, the business earned $1.73 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that Buffalo Wild Wings will post $5.25 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Buffalo Wild Wings by 21,879.4% in the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares during the period. Clearbridge Investments LLC increased its position in Buffalo Wild Wings by 59.2% in the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares during the period. Victory Capital Management Inc. increased its position in Buffalo Wild Wings by 40,702.8% in the first quarter. Victory Capital Management Inc. now owns 221,151 shares of the restaurant operator’s stock valued at $33,781,000 after buying an additional 220,609 shares during the period. Clearfield Capital Management LP bought a new position in Buffalo Wild Wings during the first quarter valued at $23,585,000. Finally, Norges Bank bought a new position in Buffalo Wild Wings during the fourth quarter valued at $21,888,000. Institutional investors own 90.69% of the company’s stock.
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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