Revenue Update on Buffalo Wild Wings(NASDAQ:BWLD)

Buffalo Wild Wings(NASDAQ:BWLD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $490.18M. Analysts estimated a revenue of $498.86M. Earnings per share were $1.27. Analysts had estimated an EPS of $1.27.

In a different note, On Jul 20, 2016, Credit Suisse said it Maintains its rating on Buffalo Wild Wings. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jun 24, 2016, Guggenheim Securities said it Upgrades its rating on Buffalo Wild Wings. The shares have been rated ‘Buy’ by the firm.

Buffalo Wild Wings (BWLD) made into the market gainers list on Fridays trading session with the shares advancing 1.16% or 1.93 points. Due to strong positive momentum, the stock ended at $167.96, which is also near the day’s high of $169.16. The stock began the session at $166.05 and the volume stood at 6,67,674 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 $3,162 M and it has 1,88,26,449 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Sally J Smith (CEO & President) sold 1,500 shares at $136.55 per share price.Also, On Jun 22, 2016, Andrew D. Block (SVP-Talent Management) sold 250 shares at $145.00 per share price.On May 23, 2016, Kathleen M Benning (EVP-Global Brand & Bus. Dev.) sold 4,799 shares at $137.03 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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