Buffalo Wild Wings, Inc. (BWLD) Downgraded by Deutsche Bank AG to “Hold”

Deutsche Bank AG cut shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) from a buy rating to a hold rating in a research note released on Friday morning. They currently have $135.00 target price on the restaurant operator’s stock, down from their prior target price of $140.90.

BWLD has been the topic of several other reports. Stephens reiterated an equal weight rating and issued a $145.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Zacks Investment Research upgraded Buffalo Wild Wings from a strong sell rating to a hold rating in a research note on Tuesday, September 26th. Cowen and Company reiterated a market perform rating and issued a $110.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, September 20th. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $135.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, October 11th. Finally, UBS AG set a $140.00 price objective on Buffalo Wild Wings and gave the company a buy rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have assigned a buy rating to the company. Buffalo Wild Wings currently has an average rating of Hold and a consensus price target of $134.67.

Shares of Buffalo Wild Wings (NASDAQ BWLD) traded down $2.65 on Friday, reaching $138.25. The company had a trading volume of 352,992 shares, compared to its average volume of 522,129. Buffalo Wild Wings has a 1 year low of $95.00 and a 1 year high of $175.10. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. During the same period in the previous year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. equities research analysts expect that Buffalo Wild Wings will post 4.98 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in shares of Buffalo Wild Wings by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after buying an additional 40,406 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Buffalo Wild Wings in the 2nd quarter valued at $618,000. Dimensional Fund Advisors LP increased its position in shares of Buffalo Wild Wings by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock valued at $51,367,000 after buying an additional 27,330 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Buffalo Wild Wings by 36.8% in the 3rd quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock valued at $43,435,000 after buying an additional 110,439 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Buffalo Wild Wings by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock valued at $37,594,000 after buying an additional 5,399 shares in the last quarter. Institutional investors and hedge funds own 89.14% 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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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