New York State Common Retirement Fund lessened its stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,425 shares of the restaurant operator’s stock after selling 1,075 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of Buffalo Wild Wings worth $3,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of Buffalo Wild Wings by 10.9% during the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 75 shares during the period. Riverhead Capital Management LLC grew its position 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 worth $198,000 after buying an additional 765 shares during the last quarter. LS Investment Advisors LLC grew its position 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 worth $200,000 after buying an additional 131 shares during the last quarter. ING Groep NV acquired a new position in Buffalo Wild Wings in the second quarter worth approximately $236,000. Finally, Pacer Advisors Inc. grew its position in Buffalo Wild Wings by 27.8% in the second quarter. Pacer Advisors Inc. now owns 2,114 shares of the restaurant operator’s stock worth $268,000 after buying an additional 460 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) opened at 107.85 on Friday. The firm has a 50-day moving average of $104.07 and a 200-day moving average of $127.26. 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 $1.67 billion, a price-to-earnings ratio of 27.32 and a beta of 0.83.

Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm had revenue of $500.00 million during the quarter, compared to the consensus estimate of $512.68 million. During the same period in the prior year, the business earned $1.27 earnings per share. Buffalo Wild Wings’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Buffalo Wild Wings, Inc. will post $4.40 EPS for the current fiscal year.

In related news, Director International Master F. Marcato purchased 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $109.71 per share, with a total value of $998,361.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.19% of the stock is owned by company insiders.

Several research firms have issued reports on BWLD. Wedbush upgraded shares of Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and set a $115.00 price target on the stock in a research report on Thursday, July 20th. Stephens restated an “equal weight” rating and issued a $145.00 price target on shares of Buffalo Wild Wings in a research report on Wednesday, July 26th. Canaccord Genuity restated a “hold” rating and issued a $120.00 price target (down previously from $135.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. decreased their price target on shares of Buffalo Wild Wings from $165.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Finally, Barclays PLC decreased their price target on shares of Buffalo Wild Wings from $144.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. Buffalo Wild Wings presently has an average rating of “Hold” and a consensus price target of $133.60.

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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.

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

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