Buffalo Wild Wings (BWLD) is Downgraded by Maxim Group to Hold, Price Target at $170

Buffalo Wild Wings (BWLD) was Downgraded by Maxim Group to ” Hold” and the brokerage firm has set the Price Target at $170. Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Overweight”, Firm has raised the Price Target to $ 168 from a previous price target of $160 .Company shares were Reiterated by Telsey Advisory Group on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 170 from a previous price target of $160 .Buffalo Wild Wings was Upgraded by Guggenheim to ” Buy” on Jun 24, 2016.

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 $166.05 and hit $169.16 on the upside on Friday, eventually ending the session at $167.96, with a gain of 1.16% or 1.93 points. The heightened volatility saw the trading volume jump to 6,67,674 shares. Company has a market cap of $3,162 M.

In a different news, on Jul 29, 2016, James M Damian (director) sold 547 shares at $162.50 per share price. According to the SEC, on Jul 27, 2016, Andrew D. Block (SVP-Talent Management) sold 750 shares at $155.00 per share price. On Jul 27, 2016, Judith A Shoulak (EVP, North American Operations) sold 1,992 shares at $150.00 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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