Connable Office Inc. lowered its stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,380 shares of the restaurant operator’s stock after selling 12 shares during the period. Connable Office Inc.’s holdings in Buffalo Wild Wings were worth $1,188,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BWLD. Tyers Asset Management LLC raised its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 44 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of 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 in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Buffalo Wild Wings during the first quarter valued at approximately $130,000. Flinton Capital Management LLC raised its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 56 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Shares of Buffalo Wild Wings, Inc. (NASDAQ BWLD) opened at 113.60 on Thursday. Buffalo Wild Wings, Inc. has a 52-week low of $105.10 and a 52-week high of $175.10. The firm has a market capitalization of $1.76 billion, a PE ratio of 28.77 and a beta of 0.86. The stock’s 50 day moving average price is $121.06 and its 200-day moving average price is $144.69.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $500 million during the quarter, compared to analysts’ expectations of $512.68 million. During the same period in the previous year, the company posted $1.27 earnings per share. Buffalo Wild Wings’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Buffalo Wild Wings, Inc. will post $4.54 EPS for the current fiscal year.

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Several analysts have recently commented on the company. UBS AG set a $185.00 price objective on Buffalo Wild Wings and gave the company a “buy” rating in a report on Thursday, April 27th. Barclays PLC decreased their price objective on Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating for the company in a report on Thursday, July 27th. Deutsche Bank AG set a $180.00 price objective on Buffalo Wild Wings and gave the company a “buy” rating in a report on Sunday, May 28th. Wells Fargo & Company reiterated a “market perform” rating and set a $125.00 price objective (down previously from $148.00) on shares of Buffalo Wild Wings in a report on Saturday, July 22nd. Finally, Mizuho assumed coverage on Buffalo Wild Wings in a report on Thursday, June 8th. They set a “neutral” rating and a $150.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of “Hold” and a consensus price target of $141.78.

In other news, Director International Master F. Marcato purchased 9,100 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $109.71 per share, for a total transaction of $998,361.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.

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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