Buffalo Wild Wings (BWLD) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $1.73 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $1.77. The company posted revenue of $508.26 million in the period, 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.
Many Wall Street Analysts have commented on Buffalo Wild Wings. Shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Hold” and Lowered the Price Target to $ 160 from a previous price target of $165 .Buffalo Wild Wings was Resumed by Credit Agricole to “Underperform” on Apr 13, 2016. 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 .
Buffalo Wild Wings opened for trading at $140.65 and hit $144.38 on the upside on Friday, eventually ending the session at $144.31, with a gain of 2.53% or 3.56 points. The heightened volatility saw the trading volume jump to 4,20,903 shares. Company has a market cap of $2,717 M.
In a different news, on Apr 19, 2016, Sally J Smith (CEO & President) sold 1,000 shares at $147.48 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.