Ameriprise Financial Inc. cut its position in Buffalo Wild Wings Inc. (NASDAQ:BWLD) by 61.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,410 shares of the company’s stock after selling 76,050 shares during the period. Ameriprise Financial Inc. owned approximately 0.26% of Buffalo Wild Wings worth $6,588,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in Buffalo Wild Wings by 1.4% in the first quarter. State Street Corp now owns 607,106 shares of the company’s stock worth $89,924,000 after buying an additional 8,228 shares during the last quarter. BlackRock Inc. boosted its position in Buffalo Wild Wings by 9.8% in the first quarter. BlackRock Inc. now owns 7,461 shares of the company’s stock worth $1,106,000 after buying an additional 663 shares during the last quarter. Royal Bank of Canada boosted its position in Buffalo Wild Wings by 139.2% in the first quarter. Royal Bank of Canada now owns 306,992 shares of the company’s stock worth $45,471,000 after buying an additional 178,671 shares during the last quarter. BlackRock Group LTD boosted its position in Buffalo Wild Wings by 20.7% in the first quarter. BlackRock Group LTD now owns 13,583 shares of the company’s stock worth $2,012,000 after buying an additional 2,331 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Buffalo Wild Wings by 332.1% in the first quarter. Envestnet Asset Management Inc. now owns 30,103 shares of the company’s stock worth $4,459,000 after buying an additional 23,137 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.
Shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) traded up 1.13% during midday trading on Monday, hitting $137.47. The stock had a trading volume of 118,093 shares. The stock has a market cap of $2.52 billion, a PE ratio of 25.87 and a beta of 0.93. The firm has a 50 day moving average price of $155.32 and a 200-day moving average price of $148.20. Buffalo Wild Wings Inc. has a 52-week low of $122.25 and a 52-week high of $197.46.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a net margin of 5.19% and a return on equity of 15.57%. The business had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. During the same period in the prior year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts predict that Buffalo Wild Wings Inc. will post $5.72 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on BWLD shares. Vetr upgraded Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $153.33 price objective for the company in a report on Wednesday, September 28th. BMO Capital Markets reiterated a “buy” rating on shares of Buffalo Wild Wings in a report on Monday, September 26th. Canaccord Genuity started coverage on Buffalo Wild Wings in a report on Monday, August 22nd. They issued a “hold” rating and a $175.00 price objective for the company. Zacks Investment Research upgraded Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Tuesday, October 4th. Finally, Buckingham Research reiterated a “neutral” rating and issued a $161.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company. Buffalo Wild Wings presently has an average rating of “Hold” and an average target price of $162.85.
In related news, CEO Sally J. Smith sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $156.85, for a total value of $313,700.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Block sold 750 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $155.00, for a total transaction of $116,250.00. Following the completion of the transaction, the senior vice president now directly owns 4,963 shares in the company, valued at $769,265. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
About Buffalo Wild Wings
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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