Buffalo Wild Wings (BWLD) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Buffalo Wild Wings (NASDAQ:BWLD) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Buffalo Wild Wings’ shares underperformed the industry in the past year. Its earnings and revenues have been mostly missing the Zacks Consensus Estimate in the trailing 11 quarters. Moreover, the company’s comps have been under pressure due to the choppy restaurant sales environment. Notably, the menu price increases made by the company might affect traffic trends in the near term, thereby further weighing on traffic. Nevertheless, various innovative initiatives undertaken by the company like menu innovation, promotional and value offerings, roll-out of loyalty program and delivery, enhancement of digital capabilities along with international expansion should aid in sales growth. The move to try small, fast food style stores given consumers inclination toward to-go and in-home dining experiences also bodes well. Still, higher traditional chicken wing prices along with other rising costs are anticipated to keep profits under pressure.”

Other equities analysts also recently issued reports about the company. Maxim Group lifted their target price on Buffalo Wild Wings from $145.00 to $160.00 and gave the company a buy rating in a research report on Thursday, October 26th. Telsey Advisory Group lifted their target price on Buffalo Wild Wings from $120.00 to $125.00 and gave the company a market perform rating in a research report on Thursday, October 26th. UBS Group set a $140.00 price target on Buffalo Wild Wings and gave the company a buy rating in a report on Thursday, October 26th. Robert W. Baird set a $157.00 price target on Buffalo Wild Wings and gave the company a hold rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 price target on Buffalo Wild Wings and gave the company a hold rating in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $144.67.

Buffalo Wild Wings (NASDAQ BWLD) opened at $156.75 on Tuesday. The firm has a market capitalization of $2,430.00, a price-to-earnings ratio of 40.82, a P/E/G ratio of 1.71 and a beta of 0.90. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $165.70.

Buffalo Wild Wings (NASDAQ:BWLD) last released 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 the consensus estimate 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. equities analysts anticipate that Buffalo Wild Wings will post 4.99 EPS for the current fiscal year.

In related news, Director Marcato Capital Management Lp sold 200,094 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total value of $31,122,620.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director International Master F. Marcato sold 987,284 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $155.57, for a total transaction of $153,591,771.88. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of BWLD. Public Employees Retirement System of Ohio increased its position in shares of Buffalo Wild Wings by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Buffalo Wild Wings during the third quarter worth $148,000. Riverhead Capital Management LLC increased its position in shares of Buffalo Wild Wings by 95.6% during the second quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 765 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Buffalo Wild Wings by 73.5% during the second quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 700 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its position in shares of Buffalo Wild Wings by 54.4% during the third quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 874 shares in the last quarter. 91.92% of the stock is currently owned by institutional investors and hedge funds.

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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.

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