Buffalo Wild Wings (NASDAQ:BWLD) Price Target Increased to $150.00 by Analysts at Wells Fargo & Company

Buffalo Wild Wings (NASDAQ:BWLD) had its target price hoisted by Wells Fargo & Company from $110.00 to $150.00 in a research report sent to investors on Tuesday, November 14th. They currently have a market perform rating on the restaurant operator’s stock.

BWLD has been the topic of a number of other research reports. Barclays cut their price objective on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an overweight rating on the stock in a research report on Thursday, July 27th. Cowen reiterated a market perform rating and set a $110.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a strong sell rating to a hold rating in a research report on Tuesday, September 26th. Morgan Stanley boosted their price objective on shares of Buffalo Wild Wings from $112.00 to $124.00 and gave the company an equal weight rating in a research report on Thursday, October 26th. Finally, UBS set a $155.00 price target on shares of Buffalo Wild Wings and gave the stock a buy rating in a report on Thursday, July 27th. Two 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 currently has an average rating of Hold and an average price target of $144.67.

Buffalo Wild Wings (BWLD) traded down $0.45 during mid-day trading on Tuesday, hitting $155.50. 3,156,235 shares of the stock traded hands, compared to its average volume of 1,122,371. Buffalo Wild Wings has a 1 year low of $95.00 and a 1 year high of $175.10. 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 stock has a market capitalization of $2,414.92, a P/E ratio of 35.91, a PEG ratio of 1.91 and a beta of 0.88.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $500.97 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. Buffalo Wild Wings’s quarterly revenue was up .5% on a year-over-year basis. equities analysts expect that Buffalo Wild Wings will post 4.98 EPS for the current fiscal year.

In other news, Director International Master F. Marcato sold 987,284 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $155.57, for a total transaction of $153,591,771.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marcato Capital Management Lp sold 200,094 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were 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. Corporate insiders own 1.19% of the company’s stock.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Buffalo Wild Wings by 10.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock worth $117,000 after buying an additional 75 shares during the period. Macquarie Group Ltd. acquired a new position in Buffalo Wild Wings in the 3rd quarter worth approximately $148,000. Riverhead Capital Management LLC increased its holdings in Buffalo Wild Wings by 95.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after buying an additional 765 shares during the period. LS Investment Advisors LLC increased its holdings in Buffalo Wild Wings by 9.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock worth $200,000 after buying an additional 131 shares during the period. Finally, Flinton Capital Management LLC increased its holdings in Buffalo Wild Wings by 73.5% in the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after buying an additional 700 shares during the period. Institutional investors own 92.49% of the company’s stock.

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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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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