Vanguard Group Inc. Has $169.30 Million Stake in Buffalo Wild Wings, Inc. (BWLD)
Vanguard Group Inc. reduced its stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336,204 shares of the restaurant operator’s stock after selling 73,320 shares during the period. Vanguard Group Inc. owned 8.62% of Buffalo Wild Wings worth $169,297,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of BWLD. BlackRock Inc. lifted its position in shares of Buffalo Wild Wings by 21,879.4% during the 1st quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Buffalo Wild Wings by 59.2% during the 1st quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Buffalo Wild Wings by 35.9% during the 2nd quarter. Victory Capital Management Inc. now owns 300,489 shares of the restaurant operator’s stock valued at $38,071,000 after buying an additional 79,338 shares in the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Buffalo Wild Wings during the 2nd quarter valued at about $9,796,000. Finally, Teachers Advisors LLC lifted its position in shares of Buffalo Wild Wings by 142.0% during the 2nd quarter. Teachers Advisors LLC now owns 116,567 shares of the restaurant operator’s stock valued at $14,769,000 after buying an additional 68,398 shares in the last quarter. 88.18% of the stock is currently owned by hedge funds and other institutional investors.
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) opened at 107.05 on Thursday. The company has a market cap of $1.66 billion, a P/E ratio of 27.11 and a beta of 0.83. The stock’s 50 day moving average price is $103.72 and its 200 day moving average price is $127.71. Buffalo Wild Wings, Inc. has a 52-week low of $95.00 and a 52-week high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The company had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $512.68 million. During the same quarter in the previous year, the business posted $1.27 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts expect that Buffalo Wild Wings, Inc. will post $4.44 earnings per share for the current year.
In other Buffalo Wild Wings news, Director International Master F. Marcato bought 9,100 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of $109.71 per share, with a total value of $998,361.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.19% of the company’s stock.
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A number of research analysts have recently weighed in on the company. Stephens cut Buffalo Wild Wings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $195.00 to $145.00 in a research report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $180.00 price objective on shares of Buffalo Wild Wings in a research report on Wednesday, June 28th. TheStreet cut Buffalo Wild Wings from a “b-” rating to a “c” rating in a research report on Thursday, June 22nd. Canaccord Genuity lowered their price objective on Buffalo Wild Wings from $160.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, July 7th. Finally, UBS AG reaffirmed a “buy” rating and set a $175.00 price objective on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $133.60.
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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