Chicken wing prices pressure Buffalo Wild Wings

Paterniano Del Favero
Luglio 27, 2017

A number of equities analysts have recently weighed in on the stock.

This table compares Buffalo Wild Wings and Ruth's Hospitality Group's top-line revenue, earnings per share and valuation. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator's stock worth $263,048,000 after buying an additional 1,714,248 shares during the last quarter.

Buffalo Wild Wings, the owner, operator and franchisor of restaurants.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The stock of Buffalo Wild Wings (NASDAQ:BWLD) has "Outperform" rating given on Wednesday, August 17 by BMO Capital Markets. Dimensional Fund Advisors LP now owns 444,951 shares of the restaurant operator's stock valued at $67,965,000 after buying an additional 10,780 shares during the last quarter. She said Buffalo Wild Wings is revamping its website to be able to take orders for delivery or pickup. 556,543 shares of the stock traded hands. Alambic Investment Management L.P. bought a new stake in shares of Buffalo Wild Wings during the first quarter valued at approximately $458,000.

The counter witnessed a trading volume of 0.56 million shares versus an average volume of 0.46 million shares during last trading session. State Street Corp owned 3.54% of Buffalo Wild Wings worth $87,328,000 as of its most recent SEC filing.

The company's shares were halted in extended trading ahead of the earnings news. The company's 50-day moving average price is $129.64 and its 200-day moving average price is $147.49.

07/07/2017 - Buffalo Wild Wings, Inc. had its " rating reiterated by analysts at Canaccord Genuity. The Beta factor for the stock is listed at 0.87.

Buffalo Wild Wings Inc (NASDAQ:BWLD)'s impressive earnings growth per share is expected to be a big double-digit 70.27% over the next three years. The restaurant operator reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by $0.24. The upside was driven by the opening of 26 additional Buffalo Wild Wings outlets. The company had revenue of $534.80 million for the quarter, compared to the consensus estimate of $536.10 million. This reflects a 110 bps increase from the prior-year quarter owing to rise in repairs and maintenance costs, third-party delivery commissions and an increase in general liability expenses. As a result, cost of sales climbed 240 basis points year over year, to 32.1%.

In fact, due to the disappointing second-quarter performance and expectations of softening traffic, Buffalo Wild Wings lowered its 2017 earnings outlook.

TRADEMARK VIOLATION WARNING: "Schwab Charles Investment Management Inc. (BWLD)" was first posted by BBNS and is the property of of BBNS. If you are viewing this report on another site, it was stolen and republished in violation of USA & worldwide copyright and trademark legislation. Comparatively, 6.7% of Ruth's Hospitality Group shares are held by company insiders. Deutsche Bank AG set a $180.00 price objective on Buffalo Wild Wings and gave the company a "buy" rating in a research report on Sunday, May 28th. Stephens reissued an "equal weight" rating and set a $145.00 target price on shares of Buffalo Wild Wings in a research note on Wednesday.

Analyst Recommendations This is a summary of recent recommendations and price targets for Buffalo Wild Wings and Ruth's Hospitality Group, as provided by MarketBeat. $159,024 worth of Buffalo Wild Wings (NASDAQ:BWLD) shares were sold by Sorum B Jeffrey.

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