Oppenheimer Holdings, Inc. restated their buy rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a research note issued to investors on Friday morning. The brokerage currently has a $135.00 target price on the restaurant operator’s stock. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q3 2017 earnings at $0.70 EPS, Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $4.18 EPS and FY2018 earnings at $5.29 EPS.
Other equities research analysts have also recently issued reports about the stock. UBS AG restated a buy rating and issued a $175.00 price target (down from $185.00) on shares of Buffalo Wild Wings in a report on Monday, June 12th. Deutsche Bank AG set a $180.00 price target on shares of Buffalo Wild Wings and gave the stock a buy rating in a report on Sunday, May 28th. Maxim Group upgraded shares of Buffalo Wild Wings from a hold rating to a buy rating and raised their price target for the stock from $175.00 to $180.00 in a report on Friday, May 19th. TheStreet cut shares of Buffalo Wild Wings from a b- rating to a c rating in a report on Thursday, June 22nd. Finally, Stephens cut shares of Buffalo Wild Wings from an overweight rating to an equal weight rating and reduced their price target for the stock from $195.00 to $145.00 in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $141.67.
Buffalo Wild Wings (BWLD) opened at 107.50 on Friday. The company has a 50-day moving average of $106.65 and a 200-day moving average of $134.80. Buffalo Wild Wings has a 52 week low of $95.00 and a 52 week high of $175.10. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 27.23 and a beta of 0.86.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $500.00 million during the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, equities analysts forecast that Buffalo Wild Wings will post $4.53 earnings per share for the current fiscal year.
In related news, Director International Master F. Marcato acquired 9,100 shares of the stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised 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 worth $263,048,000 after acquiring an additional 1,714,248 shares during the period. Vanguard Group Inc. raised its position in Buffalo Wild Wings by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock worth $215,305,000 after acquiring an additional 6,256 shares during the period. Clearbridge Investments LLC raised 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 worth $126,005,000 after acquiring an additional 306,743 shares during the period. Alliancebernstein L.P. raised its position in Buffalo Wild Wings by 6.6% in the second quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock worth $83,023,000 after acquiring an additional 40,406 shares during the period. Finally, Koch Industries Inc. bought a new stake in Buffalo Wild Wings in the second quarter worth about $618,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.
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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