Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Equities researchers at Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for shares of Buffalo Wild Wings in a report released on Wednesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $4.13 for the year, down from their previous estimate of $4.18. Oppenheimer Holdings has a “Buy” rating and a $135.00 price target on the stock. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q4 2017 earnings at $1.30 EPS and FY2018 earnings at $5.00 EPS.
Several other research analysts have also commented on BWLD. Stifel Nicolaus began coverage on shares of Buffalo Wild Wings in a research note on Monday, October 2nd. They set a “hold” rating and a $115.00 price target on the stock. UBS AG set a $140.00 price target on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Wednesday. Stephens dropped their price target on shares of Buffalo Wild Wings from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays PLC dropped their price target on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Buffalo Wild Wings has a consensus rating of “Hold” and an average price target of $135.65.
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Buffalo Wild Wings (NASDAQ:BWLD) opened at 101.90 on Thursday. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $175.10. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 25.81 and a beta of 0.83. The company’s 50 day moving average is $103.60 and its 200 day moving average is $129.12.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.35). The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS.
In other Buffalo Wild Wings news, Director International Master F. Marcato acquired 9,100 shares of Buffalo Wild Wings stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.19% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Buffalo Wild Wings by 21,879.4% during the 1st quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock worth $263,048,000 after acquiring an additional 1,714,248 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Buffalo Wild Wings by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock worth $215,305,000 after acquiring an additional 6,256 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Buffalo Wild Wings by 59.2% during the 1st quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock worth $126,005,000 after acquiring an additional 306,743 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Buffalo Wild Wings by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock worth $83,023,000 after acquiring an additional 40,406 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings during the 2nd quarter worth about $618,000. 88.52% of the stock is owned by institutional investors.
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.
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