CLSA Assumes Buffalo Wild Wings to Underperform

Brokerage firm CLSA Assumes its rating on Buffalo Wild Wings(NASDAQ:BWLD). The shares have been rated Underperform. The rating by CLSA was issued on Apr 12, 2016.

In a different note, On Mar 29, 2016, Telsey Advisory Group said it Upgrades its rating on Buffalo Wild Wings. The shares have been rated ‘Outperform’ by the firm. On Mar 3, 2016, Wedbush said it Upgrades its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 4, 2016, Deutsche Bank said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Lowers the price-target to $175.00 per share. The shares have been rated ‘Hold’ by the firm. On Feb 4, 2016, Jefferies said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Lowers the price-target to $163.00 per share. The shares have been rated ‘Hold’ by the firm. On Feb 4, 2016, Credit Suisse said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Lowers the price-target to $152.00 per share. The shares have been rated ‘Underperform’ by the firm. On Feb 4, 2016, Barclays said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Lowers the price-target to $177.00 per share. The shares have been rated ‘Overweight’ by the firm.

Buffalo Wild Wings (BWLD) shares turned negative on Fridays trading session with the shares closing down -0.58 points or -0.39% at a volume of 2,91,632. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $148.45. The peak price level was also seen at $148.45 while the days lowest was $146.62. Finally the shares closed at $147.36. The 52-week high of the shares is $205.83 while the 52-week low is $134.95. According to the latest information available, the market cap of the company is $2,775 M.

Buffalo Wild Wings(BWLD) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $490.22M. Analysts had an estimated revenue of $507.23M. Earnings per share were $1.49. Analysts had estimated an EPS of $1.49.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Sally J Smith (CEO & President) sold 2,000 shares at $160.05 per share price.Also, 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.

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