Buffalo Wild Wings’ (BWLD) “Hold” Rating Reaffirmed at Mizuho

Mizuho restated their hold rating on shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a report released on Friday. The brokerage currently has a $120.00 price objective on the restaurant operator’s stock.

Several other research analysts have also commented on the company. Barclays PLC boosted their price objective on Buffalo Wild Wings from $128.00 to $133.00 and gave the stock an overweight rating in a report on Thursday, October 26th. BMO Capital Markets set a $120.00 price objective on Buffalo Wild Wings and gave the stock a hold rating in a report on Thursday, October 26th. Deutsche Bank AG boosted their price objective on Buffalo Wild Wings from $130.00 to $135.00 and gave the stock a buy rating in a report on Thursday, October 26th. Morgan Stanley boosted their price objective on Buffalo Wild Wings from $112.00 to $124.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Finally, Canaccord Genuity boosted their price objective on Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a hold rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. Buffalo Wild Wings currently has a consensus rating of Hold and an average target price of $131.57.

Shares of Buffalo Wild Wings (NASDAQ:BWLD) opened at 120.40 on Friday. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10. The company has a market cap of $1.87 billion, a PE ratio of 30.50 and a beta of 0.83. The company’s 50-day moving average is $106.29 and its 200 day moving average is $125.22.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Buffalo Wild Wings’s revenue was up .5% on a year-over-year basis. On average, analysts anticipate that Buffalo Wild Wings will post $4.97 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings during the second quarter valued at approximately $618,000. Bank of New York Mellon Corp raised its holdings in shares of Buffalo Wild Wings by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 350,269 shares of the restaurant operator’s stock valued at $44,378,000 after acquiring an additional 2,701 shares in the last quarter. Pacad Investment Ltd. raised its holdings in shares of Buffalo Wild Wings by 23.7% during the second quarter. Pacad Investment Ltd. now owns 9,400 shares of the restaurant operator’s stock valued at $1,191,000 after acquiring an additional 1,800 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Buffalo Wild Wings during the second quarter valued at approximately $5,092,000. Finally, Nicholas Company Inc. raised its holdings in shares of Buffalo Wild Wings by 29.3% during the second quarter. Nicholas Company Inc. now owns 29,185 shares of the restaurant operator’s stock valued at $3,697,000 after acquiring an additional 6,605 shares in the last quarter. Institutional investors own 88.48% of the company’s stock.

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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