Buffalo Wild Wings, Inc. (NASDAQ:BWLD) – Equities researchers at Oppenheimer Holdings increased their FY2017 earnings per share (EPS) estimates for Buffalo Wild Wings in a research report issued on Thursday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $4.93 for the year, up from their prior forecast of $4.13. Oppenheimer Holdings currently has a “Buy” rating and a $135.00 target price on the stock. Oppenheimer Holdings also issued estimates for Buffalo Wild Wings’ Q4 2017 earnings at $1.46 EPS and FY2018 earnings at $5.40 EPS.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $496.70 million during the quarter, compared to analysts’ expectations of $500.97 million. During the same period in the previous year, the business posted $1.23 EPS. The business’s revenue was up .5% compared to the same quarter last year.
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Other research analysts also recently issued research reports about 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 Thursday, October 26th. Maxim Group lifted their price target on shares of Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Telsey Advisory Group lifted their price target on shares of Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Wedbush upgraded shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a research note on Thursday, July 20th. Finally, Stephens reiterated an “equal weight” rating and issued a $145.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $131.57.
Buffalo Wild Wings (NASDAQ:BWLD) traded down 0.63% during trading on Monday, hitting $117.45. 62,094 shares of the company traded hands. The company’s 50-day moving average is $106.83 and its 200 day moving average is $125.17. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 29.75 and a beta of 0.83. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10.
A number of institutional investors and hedge funds have recently made changes to their positions in BWLD. Prudential Financial Inc. increased its stake in Buffalo Wild Wings by 7.6% in the 1st quarter. Prudential Financial Inc. now owns 12,486 shares of the restaurant operator’s stock valued at $1,907,000 after buying an additional 886 shares during the period. Credit Agricole S A acquired a new position in Buffalo Wild Wings in the 1st quarter valued at $424,000. OppenheimerFunds Inc. increased its stake in Buffalo Wild Wings by 43.1% in the 1st quarter. OppenheimerFunds Inc. now owns 3,595 shares of the restaurant operator’s stock valued at $549,000 after buying an additional 1,082 shares during the period. Wellington Management Group LLP increased its stake in Buffalo Wild Wings by 29.7% in the 1st quarter. Wellington Management Group LLP now owns 79,266 shares of the restaurant operator’s stock valued at $12,108,000 after buying an additional 18,141 shares during the period. Finally, Teachers Advisors LLC increased its stake in Buffalo Wild Wings by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 48,169 shares of the restaurant operator’s stock valued at $7,358,000 after buying an additional 1,695 shares during the period. 88.48% of the stock is currently 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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