Buffalo Wild Wings, Inc. (NASDAQ:BWLD) was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research note issued on Thursday, October 26th, Marketbeat Ratings reports. The brokerage presently has a $150.00 target price on the restaurant operator’s stock. Dougherty & Co’s target price would indicate a potential upside of 26.21% from the stock’s previous close.
BWLD has been the subject of several other research reports. Stephens downgraded Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $195.00 to $145.00 in a research note on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $180.00 price target on shares of Buffalo Wild Wings in a report on Wednesday, June 28th. Canaccord Genuity dropped their price target on Buffalo Wild Wings from $160.00 to $135.00 and set a “hold” rating for the company in a report on Friday, July 7th. UBS AG reaffirmed a “buy” rating and set a $175.00 price target on shares of Buffalo Wild Wings in a report on Monday, July 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective (down previously from $175.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. 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 company. The stock presently has an average rating of “Hold” and a consensus target price of $131.57.
Buffalo Wild Wings (BWLD) opened at $118.85 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. The stock has a market capitalization of $1,843.63, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ 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 posted $1.23 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. sell-side analysts expect that Buffalo Wild Wings will post 4.98 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Buffalo Wild Wings by 10.1% in 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 in the last quarter. Macquarie Group Ltd. acquired a new stake in Buffalo Wild Wings during the 3rd quarter worth $148,000. Riverhead Capital Management LLC boosted its stake 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 purchasing an additional 765 shares during the last quarter. LS Investment Advisors LLC boosted its stake 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 purchasing an additional 131 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in Buffalo Wild Wings by 73.5% during the 2nd 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 during the last quarter. 89.14% of the stock is owned by institutional investors.
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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