Marcato Capital Management LP
recently stated that they own 6.1% of Buffalo Wild Wings (NASDAQ:BWLD) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, April 21st. The investor owns 982,600 shares of the stock valued at approximately $158,935,550. The reporting parties listed on the disclosure included Marcato Capital Management LP, Richard T McGuire III, Marcato International Master Fund Ltd and Marcato Special Opportunities Master Fund LP. The filing is available through the SEC website at this hyperlink.
Marcato Capital Management LP
provided the following explanation of their ownership:
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Other large investors have also recently bought and sold shares of the company. Tyers Asset Management LLC purchased a new stake in Buffalo Wild Wings during the fourth quarter worth approximately $109,000. Flinton Capital Management LLC purchased a new stake in Buffalo Wild Wings during the fourth quarter worth approximately $138,000. Turner Investments LLC purchased a new stake in Buffalo Wild Wings during the fourth quarter worth approximately $154,000. LS Investment Advisors LLC raised its stake in Buffalo Wild Wings by 3.4% in the third quarter. LS Investment Advisors LLC now owns 1,209 shares of the restaurant operator’s stock worth $170,000 after buying an additional 40 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Buffalo Wild Wings by 9.1% in the third quarter. Pacer Advisors Inc. now owns 1,442 shares of the restaurant operator’s stock worth $203,000 after buying an additional 120 shares in the last quarter. Institutional investors own 92.00% of the company’s stock.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.22% during mid-day trading on Friday, reaching $161.75. 500,939 shares of the company traded hands. The firm has a 50 day moving average of $151.49 and a 200-day moving average of $153.98. The stock has a market capitalization of $2.81 billion, a PE ratio of 31.59 and a beta of 0.96. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Tuesday, February 7th. The restaurant operator reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.40. The firm earned $492.40 million during the quarter, compared to analysts’ expectations of $519.65 million. Buffalo Wild Wings had a net margin of 4.76% and a return on equity of 15.58%. Buffalo Wild Wings’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. On average, equities research analysts expect that Buffalo Wild Wings will post $5.76 EPS for the current fiscal year.
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BWLD has been the subject of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and set a $155.00 price target on shares of Buffalo Wild Wings in a report on Thursday, February 9th. Feltl & Co. lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Zacks Investment Research upgraded shares of Buffalo Wild Wings from a “sell” rating to a “hold” rating in a report on Thursday, January 26th. Canaccord Genuity reiterated a “hold” rating and set a $160.00 price target on shares of Buffalo Wild Wings in a report on Friday, February 24th. Finally, BMO Capital Markets restated a “hold” rating and issued a $185.00 price objective on shares of Buffalo Wild Wings in a report on Friday, March 24th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $158.35.
In related news, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $157.50, for a total value of $315,000.00. Following the sale, the chief executive officer now owns 41,893 shares in the company, valued at $6,598,147.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 4,100 shares of company stock worth $630,300. 1.19% of the stock is owned by insiders.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. As of December 25, 2016, the Company’s made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.
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