Barclays PLC Increases Buffalo Wild Wings, Inc. (BWLD) Price Target to $133.00

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) had its price target boosted by Barclays PLC from $128.00 to $133.00 in a research report released on Thursday. Barclays PLC currently has an overweight rating on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank AG reissued a buy rating and issued a $165.00 target price (down from $180.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. UBS AG reissued a buy rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a report on Monday, July 10th. Maxim Group reduced their target price on shares of Buffalo Wild Wings from $180.00 to $165.00 and set a buy rating for the company in a report on Monday, July 24th. Finally, Oppenheimer Holdings Inc. reissued a buy rating and issued a $135.00 target price on shares of Buffalo Wild Wings in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $131.57.

Buffalo Wild Wings (NASDAQ:BWLD) traded down 2.93% during trading on Thursday, hitting $120.85. 586,865 shares of the stock were exchanged. The company has a 50-day moving average price of $105.68 and a 200 day moving average price of $125.81. Buffalo Wild Wings has a 1-year low of $95.00 and a 1-year high of $175.10. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 30.61 and a beta of 0.83.

Buffalo Wild Wings (NASDAQ:BWLD) last released its 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. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. Equities analysts predict that Buffalo Wild Wings will post $4.97 earnings per share for the current fiscal year.

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In related news, Director International Master F. Marcato purchased 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $109.71 per share, for a total transaction of $998,361.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.19% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BWLD. BlackRock Inc. increased its stake 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 purchasing an additional 1,714,248 shares during the period. Koch Industries Inc. purchased a new stake in Buffalo Wild Wings in the second quarter worth $618,000. Victory Capital Management Inc. increased its stake in Buffalo Wild Wings by 36.8% in the third quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock worth $43,435,000 after purchasing an additional 110,439 shares during the period. Chilton Investment Co. LLC purchased a new stake in Buffalo Wild Wings in the second quarter worth $9,796,000. Finally, Teachers Advisors LLC increased its stake in Buffalo Wild Wings by 142.0% in the second quarter. Teachers Advisors LLC now owns 116,567 shares of the restaurant operator’s stock worth $14,769,000 after purchasing an additional 68,398 shares during the period. Institutional investors and hedge funds own 88.48% of the company’s stock.

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.

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