Buffalo Wild Wings, Inc. (BWLD) Cut to “Hold” at Deutsche Bank AG

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other research analysts have also commented on the company. Morgan Stanley reiterated a “hold” rating and set a $124.00 price target on shares of Buffalo Wild Wings in a report on Tuesday. UBS AG reiterated a “sell” rating on shares of Buffalo Wild Wings in a report on Tuesday. Wedbush reiterated a “hold” rating and set a $130.00 price target on shares of Buffalo Wild Wings in a report on Tuesday. Maxim Group reiterated a “buy” rating and set a $160.00 price target on shares of Buffalo Wild Wings in a report on Tuesday. Finally, Wells Fargo & Company lifted their price target on Buffalo Wild Wings from $110.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $134.67.

Buffalo Wild Wings (NASDAQ BWLD) opened at $140.90 on Friday. Buffalo Wild Wings has a fifty-two week low of $95.00 and a fifty-two week high of $175.10. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $2,237.64, a price-to-earnings ratio of 33.31, a PEG ratio of 1.77 and a beta of 0.79.

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

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in shares of Buffalo Wild Wings by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock valued at $83,023,000 after buying an additional 40,406 shares during the period. Koch Industries Inc. purchased a new stake in Buffalo Wild Wings during the second quarter worth approximately $618,000. Dimensional Fund Advisors LP lifted its stake in Buffalo Wild Wings by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock worth $51,367,000 after purchasing an additional 27,330 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Buffalo Wild Wings by 36.8% during the third quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock worth $43,435,000 after purchasing an additional 110,439 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Buffalo Wild Wings by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after purchasing an additional 5,399 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

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.

Analyst Recommendations for Buffalo Wild Wings (NASDAQ:BWLD)

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