Buffalo Wild Wings (BWLD) is Upgraded by Guggenheim to Buy

Buffalo Wild Wings (BWLD) was Upgraded by Guggenheim to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Guggenheim advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Shares were Reiterated by Telsey Advisory Group on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 160 from a previous price target of $175 .Shares were Reiterated by Maxim Group on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 170 from a previous price target of $190 .Shares were Reiterated by Goldman on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 166 from a previous price target of $185 .

On the company’s financial health, Buffalo Wild Wings reported $1.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $1.77. The company had revenue of $508.26 million for the quarter, compared to analysts expectations of $529.53 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.

Buffalo Wild Wings closed down -2.59 points or -1.79% at $141.74 with 11,72,595 shares getting traded on Tuesday. Post opening the session at $144.06, the shares hit an intraday low of $141.35 and an intraday high of $144.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 22, 2016, Andrew D. Block (SVP-Talent Management) sold 250 shares at $145.00 per share price. According to the SEC, on Jun 15, 2016, Sally J Smith (CEO & President) sold 1,500 shares at $145.74 per share price. On May 23, 2016, Kathleen M Benning (EVP-Global Brand & Bus. Dev.) sold 4,799 shares at $137.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Buffalo Wild Wings Inc. is an owner operator and franchisor of restaurants featuring a variety of menu items including its Buffalo New York-style chicken wings. The Company operates Buffalo Wild Wings and Emerging brands (PizzaRev and Rusty Taco) restaurants as well as selling Buffalo Wild Wings and Rusty Taco restaurant franchises. It offers a variety of sauces and seasonings which include Sweet BBQ Teriyaki Mild Medium Honey BBQ Spicy Garlic Buffalo Desert Heat Chipotle BBQ Lemon Pepper and Salt & Vinegar among others. Its menu includes a variety of food items including Sharables Wild Flatbreads specialty hamburgers and sandwiches wraps Buffalito soft tacos and salads. Its restaurants offer domestic and imported beers on tap including craft brews and a selection of bottled beers wines and liquor. It owned and operated approximately 490 company-owned restaurants.

Buffalo Wild Wings

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