286,566 Shares in Buffalo Wild Wings, Inc. (BWLD) Acquired by 3G Capital Partners LP

3G Capital Partners LP acquired a new position in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 286,566 shares of the restaurant operator’s stock, valued at approximately $30,290,000. Buffalo Wild Wings makes up approximately 2.8% of 3G Capital Partners LP’s portfolio, making the stock its 15th biggest holding. 3G Capital Partners LP owned 1.85% of Buffalo Wild Wings at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in shares of Buffalo Wild Wings by 6.6% in the second quarter. Alliancebernstein L.P. now owns 655,269 shares of the restaurant operator’s stock worth $83,023,000 after buying an additional 40,406 shares during the period. Koch Industries Inc. acquired a new stake in shares of Buffalo Wild Wings in the second quarter worth $618,000. Dimensional Fund Advisors LP boosted its position in shares of Buffalo Wild Wings by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock worth $51,367,000 after buying an additional 27,330 shares during the period. Victory Capital Management Inc. boosted its position in shares of Buffalo Wild Wings by 36.8% in the third quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock worth $43,435,000 after buying an additional 110,439 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Buffalo Wild Wings by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after buying an additional 5,399 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

In other Buffalo Wild Wings news, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director International Master F. Marcato sold 987,284 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $155.57, for a total value of $153,591,771.88. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

Shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) opened at $156.30 on Monday. The stock has a market capitalization of $2,420.00, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.91 and a beta of 0.90. Buffalo Wild Wings, Inc. has a 12-month low of $95.00 and a 12-month high of $175.10. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The company had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. equities analysts forecast that Buffalo Wild Wings, Inc. will post 4.99 EPS for the current year.

Several brokerages have recently commented on BWLD. Telsey Advisory Group raised their target price on Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, October 26th. Maxim Group raised their target price on Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. UBS set a $140.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Thursday, October 26th. Robert W. Baird set a $157.00 target price on Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 target price on Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have assigned a buy rating to the stock. Buffalo Wild Wings has a consensus rating of “Hold” and an average target price of $144.67.

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About Buffalo Wild Wings

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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