Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Investment analysts at Wedbush lifted their FY2017 earnings estimates for shares of Buffalo Wild Wings in a note issued to investors on Thursday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $5.07 per share for the year, up from their prior forecast of $4.48. Wedbush currently has a “In-Line” rating and a $115.00 price target on the stock. Wedbush also issued estimates for Buffalo Wild Wings’ Q1 2018 earnings at $1.53 EPS, Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.56 EPS and Q4 2018 earnings at $1.37 EPS.
A number of other brokerages also recently weighed in on BWLD. Stephens downgraded Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $195.00 to $145.00 in a report on Wednesday, July 5th. Canaccord Genuity lowered their price target on Buffalo Wild Wings from $160.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, July 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target (down previously from $175.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. UBS AG reiterated a “buy” rating and set a $175.00 price target on shares of Buffalo Wild Wings in a report on Monday, July 10th. Finally, Longbow Research upgraded Buffalo Wild Wings from an “underperform” rating to a “neutral” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $131.57.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 124.50 on Monday. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 31.53 and a beta of 0.83. The firm has a 50-day moving average price of $105.68 and a 200 day moving average price of $125.81.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.57. The company had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. Buffalo Wild Wings’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWLD. Public Employees Retirement System of Ohio grew its position in Buffalo Wild Wings by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 77 shares during the last quarter. Riverhead Capital Management LLC grew its position in Buffalo Wild Wings by 95.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after acquiring an additional 765 shares during the last quarter. LS Investment Advisors LLC grew its position in Buffalo Wild Wings by 9.1% during the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 131 shares during the last quarter. Flinton Capital Management LLC boosted its position 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 valued at $209,000 after buying an additional 700 shares during the last quarter. Finally, ING Groep NV bought a new position in Buffalo Wild Wings in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 88.48% of the company’s stock.
In other Buffalo Wild Wings 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 acquired at an average cost of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.19% of the stock is owned by corporate insiders.
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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