Published On: Thu, Sep 8th, 2016

Buffalo Wild Wings Inc. (BWLD) Given Outperform Rating at Robert W. Baird

Buffalo Wild Wings Inc. (NASDAQ:BWLD)‘s stock had its “outperform” rating reissued by investment analysts at Robert W. Baird in a research note issued to investors on Thursday.
Other hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Buffalo Wild Wings during the first quarter worth about $1,555,000. Virginia Retirement System bought a new stake in Buffalo Wild Wings during the first quarter worth about $267,000. Aperio Group LLC raised its stake in Buffalo Wild Wings by 10.6% in the first quarter. Aperio Group LLC now owns 2,030 shares of the company’s stock worth $301,000 after buying an additional 194 shares during the period. Commonwealth Equity Services Inc raised its stake in Buffalo Wild Wings by 5.0% in the first quarter. Commonwealth Equity Services Inc now owns 1,963 shares of the company’s stock worth $291,000 after buying an additional 93 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in Buffalo Wild Wings by 20.9% in the first quarter. Summit Creek Advisors LLC now owns 108,834 shares of the company’s stock worth $16,120,000 after buying an additional 18,841 shares during the period. 95.25% of the stock is owned by institutional investors.
In other Buffalo Wild Wings news, Director J Oliver Maggard sold 300 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $169.36, for a total transaction of $50,808.00. Following the completion of the sale, the director now directly owns 3,522 shares of the company’s stock, valued at $596,485.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $166.02, for a total transaction of $332,040.00. Following the sale, the chief executive officer now directly owns 54,393 shares of the company’s stock, valued at $9,030,325.86. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

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Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 1.52% during midday trading on Thursday, hitting $166.75. 75,611 shares of the stock were exchanged. The firm has a market cap of $3.05 billion and a P/E ratio of 31.38. The firm has a 50 day moving average of $161.91 and a 200 day moving average of $149.39. Buffalo Wild Wings has a 12-month low of $122.25 and a 12-month high of $205.83.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business had revenue of $490.20 million for the quarter, compared to analysts’ expectations of $498.86 million. Buffalo Wild Wings’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that Buffalo Wild Wings will post $5.74 EPS for the current fiscal year.
A number of other research analysts have also recently commented on the stock. Buckingham Research reissued a “neutral” rating and set a $161.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday. BMO Capital Markets set a $200.00 target price on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Sunday, August 28th. Vetr cut shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating and set a $153.33 target price on the stock. in a research report on Monday, August 29th. Canaccord Genuity initiated coverage on shares of Buffalo Wild Wings in a research report on Monday, August 22nd. They set a “hold” rating and a $175.00 target price on the stock. Finally, Longbow Research cut shares of Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research report on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Buffalo Wild Wings currently has a consensus rating of “Hold” and a consensus target price of $158.05.
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.

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