Buffalo Wild Wings (BWLD) is Downgraded by Raymond James to Mkt Perform

Buffalo Wild Wings (BWLD) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Buffalo Wild Wings. 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 .Maxim Group Downgraded Buffalo Wild Wings on Aug 2, 2016 to ” Hold”, Price Target of the shares are set at $170.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 .

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 closed down -1.39 points or -0.81% at $169.97 with 3,23,992 shares getting traded on Monday. Post opening the session at $170.67, the shares hit an intraday low of $169.411 and an intraday high of $172.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 8, 2016, J Oliver Maggard (director) sold 300 shares at $169.36 per share price. According to the SEC, on Aug 3, 2016, James M Schmidt (Chief Operating Officer) sold 750 shares at $168.00 per share price. On Aug 3, 2016, Emily C. Decker (SVP, Gen Counsel & Secretary) sold 100 shares at $168.00 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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