Q4 2018 EPS Estimates for Buffalo Wild Wings, Inc. (BWLD) Lowered by Analyst

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Stock analysts at Wedbush lowered their Q4 2018 earnings estimates for shares of Buffalo Wild Wings in a report issued on Friday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $1.21 for the quarter, down from their prior forecast of $1.26. Wedbush currently has a “Hold” rating on the stock.

A number of other research firms have also weighed in on BWLD. Deutsche Bank AG raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.00 to $180.00 in a report on Monday, May 15th. Citigroup Inc. reaffirmed a “neutral” rating and set a $161.00 target price (down previously from $162.00) on shares of Buffalo Wild Wings in a report on Monday, May 15th. UBS AG raised Buffalo Wild Wings to a “buy” rating in a report on Monday, May 15th. Maxim Group raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and lifted their target price for the company from $175.00 to $180.00 in a report on Friday, May 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $160.00 target price (up previously from $145.00) on shares of Buffalo Wild Wings in a report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. Buffalo Wild Wings has a consensus rating of “Hold” and a consensus price target of $141.67.

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Buffalo Wild Wings (BWLD) traded up 4.87% during trading on Monday, hitting $103.40. 579,320 shares of the company’s stock traded hands. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10. The company’s 50 day moving average price is $108.60 and its 200 day moving average price is $136.88. The company has a market cap of $1.60 billion, a PE ratio of 26.19 and a beta of 0.86.

Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The company had revenue of $500.00 million during the quarter, compared to analyst estimates of $512.68 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Buffalo Wild Wings’s revenue for the quarter was up 2.0% on a year-over-year basis.

In related news, Director International Master F. Marcato purchased 9,100 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, for a total transaction of $998,361.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in Buffalo Wild Wings by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after buying an additional 77 shares during the last quarter. Tyers Asset Management LLC grew its stake in Buffalo Wild Wings by 6.3% during the 1st quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock worth $114,000 after buying an additional 44 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Buffalo Wild Wings during the 1st quarter worth $130,000. Flinton Capital Management LLC grew its stake in Buffalo Wild Wings by 6.3% during the 1st quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock worth $146,000 after buying an additional 56 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its stake in Buffalo Wild Wings by 6.3% during the 1st quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock worth $177,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 89.21% 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.

Earnings History and Estimates for Buffalo Wild Wings (NASDAQ:BWLD)

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