Buffalo Wild Wings, Inc. (BWLD) Sees Strong Trading Volume Following Analyst Upgrade

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) shares saw unusually-strong trading volume on Tuesday after Wells Fargo & raised their price target on the stock from $110.00 to $150.00. Wells Fargo & currently has a market perform rating on the stock. Approximately 991,500 shares traded hands during trading, an increase of 95% from the previous session’s volume of 508,426 shares.The stock last traded at $117.25 and had previously closed at $118.85.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG lifted their price target on shares of Buffalo Wild Wings from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Maxim Group lifted their price target on shares of Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Wedbush reiterated a “hold” rating on shares of Buffalo Wild Wings in a research note on Friday, September 8th. Cowen and Company reiterated a “hold” rating and issued a $110.00 price target on shares of Buffalo Wild Wings in a research note on Friday, September 1st. Finally, Barclays PLC lowered their price target on shares of Buffalo Wild Wings from $177.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $134.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its holdings in 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 purchasing an additional 40,406 shares during the period. Koch Industries Inc. bought a new stake in Buffalo Wild Wings in the 2nd quarter valued at about $618,000. Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 27,330 shares during the period. Victory Capital Management Inc. boosted its holdings in 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 purchasing an additional 110,439 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings 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 valued at $37,594,000 after purchasing an additional 5,399 shares during the period. 89.14% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. The firm has a market capitalization of $1,843.63, a price-to-earnings ratio of 27.45, a PEG ratio of 1.46 and a beta of 0.79.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating 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 net margin of 3.17% and a return on equity of 21.39%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. equities analysts predict that Buffalo Wild Wings, Inc. will post 4.98 EPS for the current year.

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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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