Deutsche Bank reiterated their buy rating on shares of Buffalo Wild Wings (NASDAQ: BWLD) in a research note issued to investors on Wednesday. The firm currently has a $90.00 target price on the stock, up from their previous target price of $85.00.
“While 4Q results were messy and generally disappointing, they were not a disaster considering the difficult set-up (elevated wing costs; very tough 1Q compare). The stock is likely to give back Tuesday’s bounce on Wednesday. However, we believe getting past this difficult qtr. may ultimately clear the decks for improved sentiment on the name in coming months, as SSS and wing compares ease significantly from here. Maintain Buy.,” Deutsche Bank’s analyst wrote.
Buffalo Wild Wings traded up 0.97% on Wednesday, hitting $78.02. Buffalo Wild Wings has a 1-year low of $68.71 and a 1-year high of $94.81. The stock’s 50-day moving average is currently $75.63. The company has a market cap of $1.453 billion and a price-to-earnings ratio of 25.25.
BWLD has been the subject of a number of other recent research reports. Analysts at Robert W. Baird reiterated an outperform rating on shares of Buffalo Wild Wings in a research note to investors on Tuesday. They now have a $100.00 price target on the stock. Separately, analysts at KeyBanc upgraded shares of Buffalo Wild Wings to a buy rating in a research note to investors on Monday. Finally, analysts at KeyBanc upgraded shares of Buffalo Wild Wings from a hold rating to a buy rating in a research note to investors on Friday, February 1st. They now have a $85.00 price target on the stock.
Eleven research analysts have rated the stock with a buy rating, two have assigned an overweight rating, seven have assigned a hold rating, and one has issued a sell rating to the company’s stock. The company currently has an average rating of overweight and a consensus price target of $86.12.
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