Buffalo Wild Wings (BWLD) is Downgraded by Longbow to Underperform

Buffalo Wild Wings (BWLD) was Downgraded by Longbow to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Longbow advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Company shares were Reiterated by Deutsche Bank on Aug 17, 2016 to “Hold”, Firm has raised the Price Target to $ 155 from a previous price target of $145 .Buffalo Wild Wings was Downgraded by Raymond James to ” Mkt Perform” on Aug 10, 2016. Company shares were Upgraded by Credit Suisse on Aug 9, 2016 to ” Neutral”, Firm has raised the Price Target to $ 165 from a previous price target of $130 .

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 opened for trading at $162.27 and hit $166.25 on the upside on Wednesday, eventually ending the session at $166.06, with a gain of 2.93% or 4.73 points. The heightened volatility saw the trading volume jump to 9,77,020 shares. Company has a market cap of $3,039 M.

In a different news, on Aug 16, 2016, Sally J Smith (CEO & President) sold 2,000 shares at $166.02 per share price. According to the SEC, on Aug 10, 2016, Warren E Mack (director) sold 300 shares at $166.05 per share price. On Aug 8, 2016, J Oliver Maggard (director) sold 300 shares at $169.36 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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