Trade Report: The Buffalo Wild Wings Inc. (BWLD) Stake Maintained by Marcato Capital Management LP

The Buffalo Wild Wings Inc. (BWLD) Stake Maintained by Marcato Capital Management LP

Marcato Capital Management LP revealed that they own a 5.2% stake in Buffalo Wild Wings Inc. (NASDAQ:BWLD) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, October 14th. The investor owns 950,000 shares of the stock valued at approximately $132,373,000. 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.

Several other institutional investors also recently bought and sold shares of BWLD. State Street Corp increased its stake 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. increased its stake 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 increased its stake 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 increased its stake 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. increased its stake 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) opened at 139.34 on Friday. Buffalo Wild Wings Inc. has a 12 month low of $122.25 and a 12 month high of $190.91. The company’s 50-day moving average price is $152.59 and its 200-day moving average price is $148.01. The firm has a market cap of $2.55 billion, a P/E ratio of 26.22 and a beta of 0.92.

Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The business earned $490.20 million during the quarter, compared to the consensus estimate of $498.86 million. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. On average, analysts predict that Buffalo Wild Wings Inc. will post $5.72 EPS for the current year.

A number of equities research analysts have recently weighed in on BWLD shares. Vetr upgraded Buffalo Wild Wings from a “sell” rating to a “hold” rating and set a $165.00 target price for the company in a research report on Monday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $165.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday, August 10th. Buckingham Research restated a “neutral” rating and set a $149.00 target price on shares of Buffalo Wild Wings in a research report on Tuesday, July 26th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $175.00 target price on shares of Buffalo Wild Wings in a research report on Tuesday, July 26th. Finally, Morgan Stanley restated a “hold” rating and set a $151.00 target price on shares of Buffalo Wild Wings in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Buffalo Wild Wings has a consensus rating of “Hold” and an average price target of $162.46.

In other Buffalo Wild Wings news, Director J Oliver Maggard sold 300 shares of Buffalo Wild Wings stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $169.36, for a total transaction of $50,808.00. Following the transaction, the director now owns 3,522 shares of the company’s stock, valued at approximately $596,485.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrew D. Block sold 750 shares of Buffalo Wild Wings stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $155.00, for a total transaction of $116,250.00. Following the transaction, the senior vice president now directly owns 4,963 shares in the company, valued at approximately $769,265. The disclosure for this sale can be found here. Company 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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