Longbow Research Downgrades Buffalo Wild Wings to Underperform

Brokerage firm Longbow Research Downgrades its rating on Buffalo Wild Wings(NASDAQ:BWLD). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Longbow Research was issued on Aug 19, 2016.

In a different note, On Aug 17, 2016, Deutsche Bank said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $145.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 17, 2016, BMO Capital said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $161.33 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 10, 2016, Raymond James said it Downgrades its rating on Buffalo Wild Wings. The shares have been rated ‘Market Perform’ by the firm. On Aug 9, 2016, Credit Suisse said it Upgrades its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 2, 2016, Maxim Group said it Downgrades its rating on Buffalo Wild Wings. The shares have been rated ‘Hold’ by the firm. On Jul 27, 2016, Barclays said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Overweight’ by the firm.

Buffalo Wild Wings (BWLD) made into the market gainers list on Mondays trading session with the shares advancing 0.76% or 1.24 points. Due to strong positive momentum, the stock ended at $164.77, which is also near the day’s high of $166.5. The stock began the session at $164.43 and the volume stood at 2,81,930 shares. The 52-week high of the shares is $205.83 and the 52 week low is $122.25. The company has a current market capitalization of $3,015 M and it has 1,82,97,886 shares in outstanding.

Buffalo Wild Wings(BWLD) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $490.18M. Analysts had an estimated revenue of $498.86M. Earnings per share were $1.27. Analysts had estimated an EPS of $1.27.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Sally J Smith (CEO & President) sold 2,000 shares at $166.02 per share price.Also, On Aug 10, 2016, Warren E Mack (director) sold 300 shares at $166.05 per share price.On Aug 8, 2016, J Oliver Maggard (director) sold 300 shares at $169.36 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.

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