The stock now has Price to Sales (P/S) value of 1.5 where Price to Book (P/B) value stands at 4.25.BWLD is now showing ROA (Return on Assets) value of 10% where ROE (Return on Equity) is 15.2%. Buffalo Wild Wings has a 12-month low of $122.25 and a 12-month high of $205.83. This move was recently unveiled in a regulatory filing, and this has made the San Francisco-based fund one of the top five stakeholders of Buffalo Wild Wings. Financial Counselors Inc. now owns 8,907 shares of the company’s stock worth $1,422,000 after buying an additional 1,301 shares during the last quarter.
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Buffalo Wild Wings (BWLD +12.1%) says on its earnings call that takeout sales jumped 25% in Q2. Also according to Smith, the company would first look to repurchase shares, and then possibly offer a dividend.
On the bottom line the company’s net income grew 10.2% to $23.7, and a 13.1% increase in earnings per diluted share to $1.27, thanks to 548,402 shares being repurchased for $75 during the quarter. Full year EPS is expected to be between $5.65 and $5.85. Total revenue increased 15.0% to $490.2 million in the second quarter, compared to $426.4 million in the second quarter of 2015.
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Credit Suisse gave shares of Buffalo Wild Wings a price target of 130 indicating a potential decrease of -18.97% from Buffalo Wild Wings’s current price of 160.43.
BWLD has been the subject of several other reports.
Want the latest recommendations from Zacks Investment Research? As it stands, there are over 1,190 Buffalo Wild Wings locations globally.
In the end, as long as Buffalo Wild Wings responsibly implements that capital strategy revision, its resolve to reward shareholders regardless of today’s revenue headwinds should be cause for celebration. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. CLSA has “Underperform” rating and $131 price target. The disclosure for this sale can be found here. Same-store sales fell 2.1% and 2.6% at company-owned and franchised restaurants, respectively.
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Average weekly sales for company-owned Buffalo Wild Wings restaurants were $59,894 for the second quarter of 2016, compared to $61,960 for the same quarter past year, a 3.3 percent decrease.
