Chicken wing and beer joint Buffalo Wild Wings (BWLD – Get Report) doesn’t need you in the NFL to cook up savory sales for its investors as the calendar turns to the fall months. Adjusted earnings per share (EPS) estimate stands at $1.27, up only 1.6% over last year, as the company faces still year-on-year profit comparisons and battles with rising chicken wing costs. Researchers are of the view that the total revenues of the company will improve by 17.5 percent in the recent quarter and will reach $429.9 million.
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Buffalo Wild Wings climbed during the first half of Tuesday’s session and finished with a gain of 2.71 at $171.28. In part, the counter-intuitive surge rests on 4.2% higher same-store sales versus an analyst consensus of 3.7%, but the company is also setting itself up for even stronger customer loyalty. The business’s revenue for the quarter was up 16.5% compared to the same quarter previous year. The company will be incurring a one-time expense of around $5 million in the 2Q. The acquisition is expected to decrease net earnings in 2015.
In a research note issued to investors, span class=”tipranks-expert-name”> Brian Vaccaro at Raymond James Upgraded Buffalo Wild Wings (NASDAQBWLD) to a Buy.
In July, Buffalo Wild Wings finalized a purchase agreement to acquire 41 franchised Wild Wings locations in Texas, New Mexico and Hawaii. Same-store sales at Buffalo Wild Wings are strong and we have long-term opportunities that will continue to drive restaurant sales and net earnings growth.
Following earnings, shares of Buffalo Wild Wings are up 7.36% to $180.98 in after-hours trading. Buffalo Wild Wings (NASDAQ:BWLD) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The stock’s 50 day moving average is $163.06 and its 200 day moving average is $173.10. 3 analysts recommended buying the shares. The 52-week low of the share price is $122.15. Smith sold 2,000 shares of Buffalo Wild Wings stock in a transaction on Wednesday, July 15th. Dougherty & Co downgraded Buffalo Wild Wings from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th.
The company shares have rallied 8.37% from its 1 Year high price. Analysts have given the stocks a target price of $192.5.
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The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. The Company operates Buffalo Wild Wings and Emerging brands (NASDAQ:BWLD) restaurants, as well as selling Buffalo Wild Wings and Rusty Taco restaurant franchises.
