Buffalo Wild Wings (NASDAQ:BWLD) saw a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 2,020,001 shares, a growth of 34.2% from the December 15th total of 1,505,181 shares. Currently, 13.2% of the company’s shares are short sold. Based on an average trading volume of 536,125 shares, the short-interest ratio is presently 3.8 days.
Several research firms have recently commented on BWLD. BidaskClub lowered Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Dougherty & Co lowered Buffalo Wild Wings from a “buy” rating to a “neutral” rating in a research report on Friday, December 1st. Robert W. Baird set a $157.00 price target on Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Mizuho set a $157.00 price target on Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $144.67.
Shares of Buffalo Wild Wings (BWLD) opened at $156.75 on Friday. The stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 40.82, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60. Buffalo Wild Wings has a 52 week low of $95.00 and a 52 week high of $165.70.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.57. The business had revenue of $496.70 million for the quarter, compared to analysts’ expectations of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. analysts anticipate that Buffalo Wild Wings will post 4.99 EPS for the current year.
In other news, Director International Master F. Marcato purchased 950,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $156.60 per share, for a total transaction of $148,770,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total value of $31,122,620.76. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Buffalo Wild Wings by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 77 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Buffalo Wild Wings in the third quarter valued at $148,000. Riverhead Capital Management LLC raised its stake in Buffalo Wild Wings by 95.6% in the second quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 765 shares in the last quarter. Flinton Capital Management LLC raised its stake in Buffalo Wild Wings by 73.5% in the second quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 700 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in Buffalo Wild Wings by 54.4% in the third quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 874 shares in the last quarter. Institutional investors own 91.92% of the company’s stock.
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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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