Municipal Employees Retirement System of Michigan reduced its stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 28.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,690 shares of the restaurant operator’s stock after selling 1,880 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Buffalo Wild Wings were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC boosted its position in shares of Buffalo Wild Wings by 42.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,979 shares of the restaurant operator’s stock valued at $1,160,000 after acquiring an additional 3,249 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of Buffalo Wild Wings during the 3rd quarter valued at approximately $423,000. Prudential Financial Inc. boosted its position in shares of Buffalo Wild Wings by 628.5% during the 3rd quarter. Prudential Financial Inc. now owns 80,365 shares of the restaurant operator’s stock valued at $8,495,000 after acquiring an additional 69,334 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Buffalo Wild Wings by 64.3% during the 3rd quarter. American Century Companies Inc. now owns 21,462 shares of the restaurant operator’s stock valued at $2,269,000 after acquiring an additional 8,402 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Buffalo Wild Wings by 4.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 11,205 shares of the restaurant operator’s stock valued at $1,184,000 after acquiring an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

A number of analysts recently issued reports on BWLD shares. Dougherty & Co upgraded Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, October 26th. Barclays raised their price target on Buffalo Wild Wings from $128.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Mizuho restated a “hold” rating and issued a $120.00 price target on shares of Buffalo Wild Wings in a research report on Friday, October 27th. Wells Fargo & Company lowered their price target on Buffalo Wild Wings from $115.00 to $100.00 and set a “market perform” rating for the company in a research report on Wednesday, October 18th. Finally, UBS set a $140.00 price target on Buffalo Wild Wings and gave the stock a “buy” rating in a research report on Wednesday, October 11th. 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 presently has an average rating of “Hold” and a consensus target price of $144.67.

Shares of Buffalo Wild Wings, Inc. (BWLD) opened at $156.05 on Wednesday. Buffalo Wild Wings, Inc. has a 52-week low of $95.00 and a 52-week high of $175.10. The firm has a market capitalization of $2,414.93, a price-to-earnings ratio of 35.91, a PEG ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.

Buffalo Wild Wings (NASDAQ:BWLD) last released its 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. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The business had revenue of $496.70 million during the quarter, compared to the consensus estimate of $500.97 million. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. equities research analysts predict that Buffalo Wild Wings, Inc. will post 4.98 EPS for the current year.

In other news, 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 transaction of $31,122,620.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director International Master F. Marcato sold 987,284 shares of the firm’s stock in a transaction on 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 currently owned by company insiders.

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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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