Buffalo Wild Wings (BWLD) is Resumed by Credit Agricole to Underperform

Buffalo Wild Wings (BWLD) was Resumed by Credit Agricole to “Underperform”. Credit Agricole advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Shares were Reiterated by Maxim Group on Apr 5, 2016 to “Buy” and Lowered the Price Target to $ 190 from a previous price target of $195 .Company shares were Upgraded by Telsey Advisory Group on Mar 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 175 from a previous price target of $165 .Company shares were Upgraded by Wedbush on Mar 3, 2016 to ” Outperform”, Firm has raised the Price Target to $ 200 from a previous price target of $160 .

On the company’s financial health, Buffalo Wild Wings reported $1.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $1.48. The company had revenue of $490.20 million for the quarter, compared to analysts expectations of $507.73 million. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Buffalo Wild Wings closed down -3.04 points or -2.10% at $141.96 with 5,19,821 shares getting traded on Monday. Post opening the session at $145, the shares hit an intraday low of $141.88 and an intraday high of $146.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 15, 2016, Sally J Smith (CEO & President) sold 2,000 shares at $160.05 per share price. According to the SEC, on Feb 22, 2016, James M Damian (director) sold 300 shares at $152.02 per share price. On Dec 8, 2015, James M Schmidt (Chief Operating Officer) sold 1,000 shares at $161.09 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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