Economy

Buffalo Wild Wings shares surge after earnings beat, guidance increase

Buffalo Wild Wings shares surge after earnings beat, guidance increaseā€¯

1,925,797 shares of the company were exchanged. Uptrending stocks trade above their moving averages, while downtrending stocks trade below. Buffalo Wild Wings' unit count is about equally divided between company and franchised units. The firm has a market capitalization of $1.57 billion, a PE ratio of 25.62 and a beta of 0.83.

In other news, Director International Master F. Marcato purchased 9,100 shares of Buffalo Wild Wings stock in a transaction dated Tuesday, August 1st.

In order to gauge which way a stock is trending, you must compare a stock's share price to its moving average. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.19% of the company's stock. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/25/buffalo-wild-wings-inc-bwld-releases-quarterly-earnings-results-beats-estimates-by-0-57-eps.html. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & global copyright laws.

Several equities analysts recently commented on the stock.

Customers' love for half-priced wings had been hurting Buffalo Wild Wings because of "historically high" wing costs.

After being grounded for much of the year, Buffalo Wild Wings Inc. stock soared in late trading Wednesday after the company showed a big profit boost from a switch to boneless wings for one of its signature promotions.

Investing in boneless chicken wings is paying off for Buffalo Wild Wings.

In September, Buffalo Wild Wings cancelled its popular Tuesday wings deal in favor of a boneless wings "buy-one, get-one" offer. Wall Street analysts have a consensus 2.60 recommendation on the stock. The company now has an average rating of "Hold" and a consensus price target of $133.60.



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