Buffalo Wild Wings, Inc. (NASDAQ:BWLD) Earns In-Line Rating from Wedbush
15 November, 2017, 01:26 | Author: Terri Saunders
Buffalo Wild Wings has been hurt by rising chicken-wing prices. The business's revenue was up.5% compared to the same quarter last year. research analysts anticipate that Buffalo Wild Wings will post 4.98 EPS for the current year. But interested bidders might not want to pay much more for Buffalo Wild Wings given falling traffic and weak financials at the chain. Prudential Financial Inc. increased its holdings in Buffalo Wild Wings by 7.6% in the 1st quarter. They presently have a $130.00 target price on the restaurant operator's stock.
Roark made an offer of more than $150 per share, the person told CNBC.
Other research analysts have also issued research reports about the company. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. The value of the investment in Buffalo Wild Wings decreased from $1,330,000 to $381,000 a change of $949,000 for the reporting period. Current price levels see the company 26.28% off the 20-day simple moving average.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, October 25th.
Even with the potential for a $2.3 billion takeover offer from Roark Capital, the restaurant still has to sell a lot of wings with attractive margins to turn a profit. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of USA and worldwide trademark and copyright laws. The legal version of this article can be accessed at https://weekherald.com/2017/11/13/buffalo-wild-wings-bwld-in-line-rating-reaffirmed-at-wedbush.html. Institutional investors and hedge funds own 89.14% of the company's stock. The value of the investment in BWLD increased from $17,000 to $5,363,000 a change of $5,346,000 quarter to quarter.
As of the end of the quarter Davidson Investment Advisors had bought a total of 50,606 shares growing its holdings by 37,485.9%. Finally, Bank of New York Mellon Corp lifted its stake in Buffalo Wild Wings by 1.5% in the third quarter.
Stocks in the Spotlight: Buffalo Wild Wings, Inc., (NASDAQ: BWLD), Nxstage Medical, Inc., (NASDAQ: NXTM), Delek US ... Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator's stock worth $198,000 after purchasing an additional 765 shares during the last quarter. The stock has $15.60M outstanding shares. As of December 25, 2016, the Company's made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin.
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