Buffalo Wild Wings, Inc. (BWLD) Shares Gap Up After Analyst Upgrade

Buffalo Wild Wings, Inc. (NASDAQ:BWLD)’s share price gapped up before the market opened on Friday after Barclays PLC raised their price target on the stock from $128.00 to $133.00. The stock had previously closed at $124.40, but opened at $120.95. Barclays PLC currently has an overweight rating on the stock. Buffalo Wild Wings shares last traded at $127.03, with a volume of 972,355 shares.

Several other brokerages have also recently issued reports on BWLD. Stephens cut Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $195.00 to $145.00 in a report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $180.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, June 28th. Canaccord Genuity reduced their price objective on Buffalo Wild Wings from $160.00 to $135.00 and set a “hold” rating for the company in a report on Friday, July 7th. UBS AG reaffirmed a “buy” rating and set a $175.00 price objective on shares of Buffalo Wild Wings in a report on Monday, July 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective (down from $175.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $131.57.



In other Buffalo Wild Wings news, Director International Master F. Marcato acquired 9,100 shares of the stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in Buffalo Wild Wings by 10.9% during the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 75 shares during the period. Suntrust Banks Inc. grew its position in Buffalo Wild Wings by 4.1% during the second quarter. Suntrust Banks Inc. now owns 2,552 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 101 shares during the period. LS Investment Advisors LLC grew its position in Buffalo Wild Wings by 9.1% during the second quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after acquiring an additional 131 shares during the period. Thrivent Financial For Lutherans grew its position in Buffalo Wild Wings by 5.4% during the first quarter. Thrivent Financial For Lutherans now owns 3,290 shares of the restaurant operator’s stock valued at $503,000 after acquiring an additional 170 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Buffalo Wild Wings by 8.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,249 shares of the restaurant operator’s stock valued at $451,000 after acquiring an additional 252 shares during the period. 88.13% of the stock is owned by hedge funds and other institutional investors.

The stock’s 50 day moving average price is $104.29 and its 200-day moving average price is $126.03. The stock has a market capitalization of $1.93 billion, a PE ratio of 31.53 and a beta of 0.83.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The business had revenue of $496.70 million for the quarter, compared to the consensus estimate of $500.97 million. During the same period in the prior year, the business posted $1.23 earnings per share. Buffalo Wild Wings’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts forecast that Buffalo Wild Wings, Inc. will post $4.97 EPS for the current year.

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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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