Snap Stock Hits Lowest Price Ever; Buffalo Wild Wing Shares Under Pressure

Buffalo Wild Wings was hit with bearish brokerage attention after disappointing earnings

Jul 27, 2017 at 10:50 AM
facebook X logo linkedin

Analysts are weighing in on Snapchat parent Snap Inc (NYSE:SNAP), restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), and grocery stock Sprouts Farmers Market Inc (NASDAQ:SFM). Here's a quick roundup of today's bearish brokerage notes on shares of SNAP, BWLD, and SFM.

Snap Stock Hits New Low After FTSE Russell Exclusion, Twitter Earnings

Summit Redstone cut its price target on SNAP shares to $10 from $17 -- in uncharted territory. This follows news that the FTSE Russell will exclude Snap from trading on its index due to the company's denial of voting rights for shareholders. And while a sharp earnings-related sell-off for Twitter stock helped send Snap stock to a record low of $13.14 out of the gate, the shares have since swung up 2.8% to trade at $13.75.

Nevertheless, SNAP stock is still off more than 19% below its March 2 IPO price of $17, amid heavy selling pressure from shorts. Although short interest fell to 4% in the most recent reporting period, it still accounts for 36.6% of the stock's float.  

BWLD Stock Slapped With Price-Target Cuts After Earnings

No fewer than 10 brokerage firms lowered their price targets on Buffalo Wild Wings after the company reported weaker-than-expected second-quarter profit and revenue. Among them, Credit Suisse cut its BWLD target to $120 from $150, Morgan Stanley to $123 from $150, and Jefferies to $125 from $160. BWLD stock is trading 10.4% lower at $109.50 -- fresh off a nearly four-year low of $106.65 -- down more than 29% year-to-date. 

BWLD options traders were skeptical ahead of earnings. The stock's Schaeffer's put/call open interest ratio (SOIR) of 1.42, sits in the 77th percentile 12-month range, suggesting near-term options traders are more put-biased than usual. 

Jefferies Downgrades SFM Stock Ahead of Earnings

Jefferies lowered its rating on SFM shares to "hold" from "buy." Last seen trading down nearly 0.7% at $24.28, Sprouts still maintains a year-to-date lead of 28% -- with a sharp mid-June bounce off its 200-day moving average helping the stock fill an Amazon-induced bear gap from earlier that month. As such, most analysts following the stock carry a "buy" or "strong buy" rating. Looking ahead, Sprouts Farmers Market is due to report second-quarter earnings one week from today.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI