Published On: Sun, Sep 18th, 2016

Buffalo Wild Wings Inc. (BWLD) Downgraded by Vetr Inc. to Sell

Buffalo Wild Wings Inc. (NASDAQ:BWLD) was downgraded by Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They presently have a $162.50 target price on the stock. Vetr‘s target price points to a potential upside of 4.78% from the stock’s previous close.
BWLD has been the topic of several other reports. Robert W. Baird reaffirmed a “buy” rating and set a $188.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, April 11th. Maxim Group reaffirmed a “buy” rating and set a $190.00 price objective (down from $195.00) on shares of Buffalo Wild Wings in a research report on Tuesday, April 5th. Dougherty & Co reaffirmed a “neutral” rating on shares of Buffalo Wild Wings in a research report on Friday, April 22nd. OTR Global cut Buffalo Wild Wings to a “neutral” rating in a research report on Thursday, April 21st. Finally, Guggenheim raised Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, June 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $158.68.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.45% during trading on Monday, hitting $155.09. The stock had a trading volume of 491,660 shares. The stock’s 50-day moving average price is $164.44 and its 200-day moving average price is $149.46. The company has a market capitalization of $2.84 billion, a P/E ratio of 29.19 and a beta of 0.86. Buffalo Wild Wings has a 1-year low of $122.25 and a 1-year high of $205.83.

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Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The company had revenue of $490.20 million for the quarter, compared to analysts’ expectations of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. Buffalo Wild Wings’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. Analysts expect that Buffalo Wild Wings will post $5.74 earnings per share for the current year.
In other Buffalo Wild Wings news, SVP Andrew D. Block sold 250 shares of the stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $145.00, for a total transaction of $36,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sally J. Smith sold 1,500 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $136.55, for a total transaction of $204,825.00. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWLD. Balyasny Asset Management LLC acquired a new stake in shares of Buffalo Wild Wings during the fourth quarter valued at about $42,866,000. Champlain Investment Partners LLC acquired a new stake in shares of Buffalo Wild Wings during the first quarter valued at about $28,156,000. Royal Bank of Canada boosted its stake in shares of Buffalo Wild Wings by 139.2% in the first quarter. Royal Bank of Canada now owns 306,992 shares of the company’s stock valued at $45,471,000 after buying an additional 178,671 shares in the last quarter. Norges Bank acquired a new stake in shares of Buffalo Wild Wings during the fourth quarter valued at about $21,844,000. Finally, Cadian Capital Management LP acquired a new stake in shares of Buffalo Wild Wings during the fourth quarter valued at about $20,132,000. 95.33% of the stock is owned by institutional investors and hedge funds.
About Buffalo Wild Wings
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.

To view Vetr’s full report, visit Vetr’s official website.

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