Ameriprise Financial Inc. Purchases 23,513 Shares of Buffalo Wild Wings, Inc. (BWLD)

Ameriprise Financial Inc. raised its position in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 36.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,368 shares of the restaurant operator’s stock after buying an additional 23,513 shares during the quarter. Ameriprise Financial Inc. owned about 0.57% of Buffalo Wild Wings worth $11,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BWLD. BlackRock Inc. lifted its position in Buffalo Wild Wings by 21,879.4% during the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares during the period. Clearbridge Investments LLC lifted its position in Buffalo Wild Wings by 59.2% during the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares during the period. Clearfield Capital Management LP purchased a new position in Buffalo Wild Wings during the first quarter valued at $23,585,000. Victory Capital Management Inc. lifted its position in Buffalo Wild Wings by 35.9% during the second quarter. Victory Capital Management Inc. now owns 300,489 shares of the restaurant operator’s stock valued at $38,071,000 after buying an additional 79,338 shares during the period. Finally, Chilton Investment Co. LLC purchased a new position in Buffalo Wild Wings during the second quarter valued at $9,796,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Shares of Buffalo Wild Wings, Inc. (BWLD) opened at 102.30 on Wednesday. The firm’s 50 day moving average price is $103.81 and its 200-day moving average price is $129.51. Buffalo Wild Wings, Inc. has a 1-year low of $95.00 and a 1-year high of $175.10. The company has a market capitalization of $1.59 billion, a P/E ratio of 25.91 and a beta of 0.83.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. Analysts expect that Buffalo Wild Wings, Inc. will post $4.47 EPS for the current year.

In other news, Director International Master F. Marcato acquired 9,100 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is currently owned by corporate insiders.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/11/ameriprise-financial-inc-purchases-23513-shares-of-buffalo-wild-wings-inc-bwld.html.

Several brokerages have commented on BWLD. UBS AG reissued a “buy” rating and set a $175.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Stephens reissued an “equal weight” rating and set a $145.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, July 26th. Zacks Investment Research raised Buffalo Wild Wings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company reissued a “market perform” rating and set a $110.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, September 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective (down previously from $175.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $1

A number of other institutional investors have also recently made changes to their positions in BWLD. BlackRock Inc. lifted its position in Buffalo Wild Wings by 21,879.4% during the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares during the period. Clearbridge Investments LLC lifted its position in Buffalo Wild Wings by 59.2% during the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares during the period. Clearfield Capital Management LP purchased a new position in Buffalo Wild Wings during the first quarter valued at $23,585,000. Victory Capital Management Inc. lifted its position in Buffalo Wild Wings by 35.9% during the second quarter. Victory Capital Management Inc. now owns 300,489 shares of the restaurant operator’s stock valued at $38,071,000 after buying an additional 79,338 shares during the period. Finally, Chilton Investment Co. LLC purchased a new position in Buffalo Wild Wings during the second quarter valued at $9,796,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Shares of Buffalo Wild Wings, Inc. (BWLD) opened at 102.30 on Wednesday. The firm’s 50 day moving average price is $103.81 and its 200-day moving average price is $129.51. Buffalo Wild Wings, Inc. has a 1-year low of $95.00 and a 1-year high of $175.10. The company has a market capitalization of $1.59 billion, a P/E ratio of 25.91 and a beta of 0.83.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. Analysts expect that Buffalo Wild Wings, Inc. will post $4.47 EPS for the current year.

In other news, Director International Master F. Marcato acquired 9,100 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is currently owned by corporate insiders.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/11/ameriprise-financial-inc-purchases-23513-shares-of-buffalo-wild-wings-inc-bwld.html.

Several brokerages have commented on BWLD. UBS AG reissued a “buy” rating and set a $175.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Stephens reissued an “equal weight” rating and set a $145.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, July 26th. Zacks Investment Research raised Buffalo Wild Wings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company reissued a “market perform” rating and set a $110.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, September 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective (down previously from $175.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $138.40.

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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Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

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