Buffalo Wild Wings, Inc. (NASDAQ:BWLD)‘s stock had its “outperform” rating restated by stock analysts at Robert W. Baird in a research note issued on Wednesday. They currently have a $170.00 price objective on the stock. Robert W. Baird’s price target would suggest a potential upside of 8.01% from the stock’s current price.
A number of other research firms have also recently issued reports on BWLD. BMO Capital Markets cut shares of Buffalo Wild Wings from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $190.00 to $185.00 in a research note on Tuesday, December 13th. They noted that the move was a valuation call. Canaccord Genuity lifted their price target on shares of Buffalo Wild Wings from $150.00 to $175.00 and gave the company a “hold” rating in a research note on Monday, December 5th. Zacks Investment Research raised shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating in a research note on Thursday, January 26th. CLSA cut shares of Buffalo Wild Wings from an “underperform” rating to a “sell” rating in a research note on Tuesday, January 31st. Finally, Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of Buffalo Wild Wings in a research note on Saturday, January 28th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $159.31.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 5.07% during midday trading on Wednesday, hitting $157.40. 2,904,206 shares of the stock traded hands. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 28.32 and a beta of 0.96. The company’s 50 day moving average price is $153.63 and its 200-day moving average price is $156.74. Buffalo Wild Wings has a 12-month low of $122.25 and a 12-month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Tuesday, February 7th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.27 by $0.40. The firm had revenue of $492.40 million for the quarter, compared to analysts’ expectations of $519.65 million. Buffalo Wild Wings had a net margin of 5.26% and a return on equity of 16.25%. Buffalo Wild Wings’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. On average, equities research analysts expect that Buffalo Wild Wings will post $6.48 EPS for the current year.
In other news, VP Lee R. Patterson sold 520 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $163.90, for a total value of $85,228.00. Following the completion of the sale, the vice president now directly owns 5,350 shares of the company’s stock, valued at $876,865. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James M. Schmidt sold 5,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $163.33, for a total value of $816,650.00. The disclosure for this sale can be found here. Insiders sold 9,020 shares of company stock valued at $1,459,473 over the last three months. Corporate insiders own 1.19% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Turner Investments LLC purchased a new stake in Buffalo Wild Wings during the fourth quarter valued at $154,000. LS Investment Advisors LLC increased its stake in Buffalo Wild Wings by 3.4% in the third quarter. LS Investment Advisors LLC now owns 1,209 shares of the company’s stock valued at $170,000 after buying an additional 40 shares during the last quarter. Pacer Advisors Inc. increased its stake in Buffalo Wild Wings by 9.1% in the third quarter. Pacer Advisors Inc. now owns 1,442 shares of the company’s stock valued at $203,000 after buying an additional 120 shares during the last quarter. Birinyi Associates Inc. purchased a new stake in Buffalo Wild Wings during the third quarter valued at $211,000. Finally, Laurion Capital Management LP bought a new stake in Buffalo Wild Wings during the third quarter valued at approximately $211,000. 91.58% of the stock is owned by institutional investors and hedge funds.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.