Buffalo Wild Wings (BWLD) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Buffalo Wild Wings (NASDAQ:BWLD) from a hold rating to a buy rating in a report published on Monday morning. Zacks Investment Research currently has $176.00 price objective on the restaurant operator’s stock.

According to Zacks, “Various innovative initiatives undertaken by Buffalo Wild Wings like menu innovation, promotional and value offerings, roll-out of loyalty program and delivery, enhancement of digital capabilities along with international expansion are positives. The move to try small, fast food style stores given consumers inclination toward to-go and in-home dining experiences also bodes well. Notably, the company's earnings and revenues have been mostly missing the Zacks Consensus Estimate in the trailing 11 quarters. Moreover, the company’s comps have been under pressure due to the choppy restaurant sales environment. The menu price increases made by the company might affect traffic trends in the near term, thereby further weighing on traffic. Buffalo Wild Wings’ shares underperformed the industry in the past year. Earnings estimates for 2017 have gone up in the past 60 days.”

Several other research analysts have also recently weighed in on the stock. Deutsche Bank lifted their price target on shares of Buffalo Wild Wings from $130.00 to $135.00 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. BidaskClub cut shares of Buffalo Wild Wings from a sell rating to a strong sell rating in a research note on Tuesday, January 16th. UBS Group set a $140.00 target price on shares of Buffalo Wild Wings and gave the company a buy rating in a research note on Thursday, October 26th. Finally, Dougherty & Co cut shares of Buffalo Wild Wings from a buy rating to a neutral rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $146.09.

Buffalo Wild Wings (NASDAQ:BWLD) opened at $156.95 on Monday. The firm has a market cap of $2,430.00, a price-to-earnings ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $165.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.

In other Buffalo Wild Wings news, Director International Master F. Marcato sold 987,284 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $155.57, for a total value of $153,591,771.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marcato Capital Management Lp sold 200,094 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Buffalo Wild Wings by 4.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,552 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 101 shares in the last quarter. Voya Investment Management LLC lifted its stake in Buffalo Wild Wings by 3.8% in the 2nd quarter. Voya Investment Management LLC now owns 7,730 shares of the restaurant operator’s stock worth $979,000 after purchasing an additional 283 shares in the last quarter. California Public Employees Retirement System lifted its stake in Buffalo Wild Wings by 0.8% in the 2nd quarter. California Public Employees Retirement System now owns 40,000 shares of the restaurant operator’s stock worth $5,068,000 after purchasing an additional 300 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Buffalo Wild Wings by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 12,932 shares of the restaurant operator’s stock worth $2,022,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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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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