Stock analysts at Wunderlich assumed coverage on shares of Buffalo Wild Wings (NASDAQ:BWLD) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $117.00 price target on the stock. Wunderlich’s price target suggests a potential upside of 19.24% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of Buffalo Wild Wings, Inc. (BWLD) with a Buy rating and a 12-month price target of $117. We believe upside to our revenue and earnings projections is likely to be the key catalyst to our price target. Despite industry risk factors, including the potential for slowing sales and volatile commodity price trends, management has established its rapidly expanding Buffalo Wild Wings system as one of the industry’s premier growth stories with both offensive and defensive characteristics. Management’s business model is projected to average annual EPS growth in the 20%-25%-range. Despite impact from the Great Recession, over the past five years, annual EPS growth has remained in line with that plan, averaging 23% and rewarding BWLD with its premium valuation.”
Buffalo Wild Wings (NASDAQ: BWLD) traded down 1.62% on Tuesday, hitting $96.53. Buffalo Wild Wings has a 1-year low of $68.71 and a 1-year high of $106.03. The stock’s 50-day moving average is currently $99.11. The company has a market cap of $1.811 billion and a price-to-earnings ratio of 33.24.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.12. The company had revenue of $304.36 million for the quarter, compared to the consensus estimate of $302.96 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts predict that Buffalo Wild Wings will post $3.61 earnings per share for the current fiscal year.
BWLD has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Buffalo Wild Wings from $110.00 to $120.00 in a research note to investors on Friday, July 19th. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Buffalo Wild Wings in a research note to investors on Tuesday, July 16th. They set a “hold” rating on the stock. Finally, analysts at Robert W. Baird downgraded shares of Buffalo Wild Wings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 16th. They now have a $112.00 price target on the stock, up previously from $105.00. They noted that the move was a valuation call.
Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Buffalo Wild Wings has an average rating of “Hold” and an average target price of $104.93.
Buffalo Wild Wings, Inc, is a owner, operator, and franchisor of restaurants. The Company features a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 16 types of sauces or five types of seasonings.
