Marcato Capital Management LP recently revealed that they own 5.2% of Buffalo Wild Wings Inc. (NASDAQ:BWLD) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, October 6th. The investor owns 950,000 shares of the stock worth about $134,235,000. The reporting parties listed on the disclosure included Marcato Capital Management LP, Richard T McGuire III, Marcato, LP, Marcato II, LP, Marcato International Master Fund, Ltd and Marcato NY LLC. The filing is available through EDGAR at this link.
Other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock valued at $143,000 after buying an additional 428 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Buffalo Wild Wings during the first quarter worth approximately $182,000. Pacer Advisors Inc. bought a new stake in Buffalo Wild Wings during the second quarter worth approximately $184,000. Finally, Quadrature Capital Ltd bought a new stake in Buffalo Wild Wings during the first quarter worth approximately $207,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) opened at 141.30 on Thursday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 26.59 and a beta of 0.92. Buffalo Wild Wings Inc. has a 1-year low of $122.25 and a 1-year high of $198.42. The stock has a 50 day moving average price of $157.03 and a 200 day moving average price of $148.34.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company earned $490.20 million during the quarter, compared to analysts’ expectations of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. Buffalo Wild Wings’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. On average, equities analysts anticipate that Buffalo Wild Wings Inc. will post $5.72 EPS for the current fiscal year.
A number of equities research analysts have recently commented on BWLD shares. Vetr raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $153.33 target price on the stock in a research note on Wednesday, September 28th. BMO Capital Markets reissued a “buy” rating on shares of Buffalo Wild Wings in a research note on Monday, September 26th. Canaccord Genuity started coverage on Buffalo Wild Wings in a research note on Monday, August 22nd. They issued a “hold” rating and a $175.00 target price on the stock. Buckingham Research reissued a “neutral” rating and issued a $161.00 target price on shares of Buffalo Wild Wings in a research note on Wednesday, September 7th. Finally, Guggenheim raised Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $158.00.
In related news, SVP Andrew D. Block sold 750 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $155.00, for a total value of $116,250.00. Following the completion of the transaction, the senior vice president now owns 4,963 shares of the company’s stock, valued at approximately $769,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the completion of the transaction, the chief executive officer now directly owns 52,593 shares of the company’s stock, valued at approximately $8,249,212.05. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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