Buffalo Wild Wings, Inc. (BWLD) Holdings Cut by Retirement Systems of Alabama
Retirement Systems of Alabama cut its holdings in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,999 shares of the restaurant operator’s stock after selling 808 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Buffalo Wild Wings worth $2,114,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in Buffalo Wild Wings by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 75 shares during the period. Riverhead Capital Management LLC lifted 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 during the period. LS Investment Advisors LLC lifted its stake in Buffalo Wild Wings by 9.1% in the second quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after buying an additional 131 shares during the period. Flinton Capital Management LLC lifted 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 during the period. Finally, ING Groep NV acquired a new position in Buffalo Wild Wings in the second quarter valued at approximately $236,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.
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A number of brokerages have recently weighed in on BWLD. UBS Group AG reaffirmed a “sell” rating on shares of Buffalo Wild Wings in a research report on Thursday. Morgan Stanley reaffirmed a “hold” rating and set a $124.00 target price on shares of Buffalo Wild Wings in a research report on Tuesday, November 14th. Deutsche Bank AG lowered Buffalo Wild Wings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $140.90 to $135.00 in a research report on Friday, November 17th. Oppenheimer Holdings, Inc. decreased their price target on Buffalo Wild Wings from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $120.00 price target (down previously from $150.00) on shares of Buffalo Wild Wings in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $134.67.
Buffalo Wild Wings, Inc. (BWLD) opened at $145.95 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70. The firm has a market capitalization of $2,264.01, a price-to-earnings ratio of 33.71, a PEG ratio of 1.79 and a beta of 0.79. Buffalo Wild Wings, Inc. has a 12 month low of $95.00 and a 12 month high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.57. The company had revenue of $496.70 million during the quarter, compared to the consensus estimate of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. research analysts forecast that Buffalo Wild Wings, Inc. will post 4.97 earnings per share for the current fiscal year.
Buffalo Wild Wings 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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