BidaskClub downgraded shares of Buffalo Wild Wings (NASDAQ:BWLD) from a sell rating to a strong sell rating in a research report released on Tuesday.
Several other research firms have also recently issued reports on BWLD. Wells Fargo & Co increased their price target on Buffalo Wild Wings from $110.00 to $150.00 and gave the stock a market perform rating in a research note on Tuesday, November 14th. Maxim Group cut Buffalo Wild Wings from a buy rating to a hold rating and set a $160.00 price target for the company. in a research note on Tuesday, November 28th. Wedbush reissued an in-line rating and issued a $115.00 price target (up previously from $110.00) on shares of Buffalo Wild Wings in a research note on Thursday, October 26th. They noted that the move was a valuation call. Zacks Investment Research cut Buffalo Wild Wings from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Finally, UBS Group cut Buffalo Wild Wings from a buy rating to a neutral rating and increased their price target for the stock from $140.00 to $148.00 in a research note on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $144.67.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up $0.05 on Tuesday, reaching $156.80. The company had a trading volume of 454,877 shares, compared to its average volume of 662,018. The company has a market cap of $2,430.00, a P/E ratio of 40.83, a P/E/G ratio of 1.72 and a beta of 0.90. 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 52-week low of $95.00 and a 52-week high of $165.70.
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 Zacks’ consensus estimate of $0.79 by $0.57. The firm had revenue of $496.70 million during 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%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. equities analysts predict that Buffalo Wild Wings will post 4.99 EPS for the current year.
In other news, Director International Master F. Marcato sold 987,284 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marcato Capital Management Lp sold 200,094 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. 3G Capital Partners LP purchased a new stake in shares of Buffalo Wild Wings during the third quarter valued at $30,290,000. Koch Industries Inc. purchased a new stake in shares of Buffalo Wild Wings during the second quarter valued at $618,000. Dimensional Fund Advisors LP lifted its holdings in shares of Buffalo Wild Wings by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock valued at $58,111,000 after purchasing an additional 13,689 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Buffalo Wild Wings during the second quarter valued at $5,092,000. Finally, Bank of New York Mellon Corp lifted its stake in 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 worth $37,594,000 after acquiring an additional 5,399 shares in the last quarter. 92.28% of the stock is 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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