Buffalo Wild Wings, Inc. (BWLD) Stake Held by Marcato Capital Management LP

Marcato Capital Management LP

disclosed that they own a 6.4% stake in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in a Form 13D/A disclosure that was filed with the SEC on Wednesday, December 20th. The investor owns 992,399 shares of the stock worth about $155,409,683. The reporting parties listed on the disclosure included Marcato Capital Management LP, Richard T McGuire III, Marcato International Master Fund Ltd and Marcato Special Opportunities Master Fund LP. The disclosure is available through Edgar at this link.

Several other institutional investors and hedge funds also recently bought and sold shares of BWLD. Russell Investments Group Ltd. increased its holdings in Buffalo Wild Wings by 12.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,391 shares of the restaurant operator’s stock worth $1,317,000 after buying an additional 1,143 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Buffalo Wild Wings by 141.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 29,000 shares of the restaurant operator’s stock worth $3,674,000 after buying an additional 17,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Buffalo Wild Wings by 37.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 131,290 shares of the restaurant operator’s stock worth $16,635,000 after buying an additional 36,078 shares in the last quarter. SG Americas Securities LLC increased its holdings in Buffalo Wild Wings by 311.9% in the 2nd quarter. SG Americas Securities LLC now owns 6,672 shares of the restaurant operator’s stock worth $845,000 after buying an additional 5,052 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Buffalo Wild Wings by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 350,269 shares of the restaurant operator’s stock worth $44,378,000 after buying an additional 2,701 shares in the last quarter. 91.92% of the stock is owned by hedge funds and other institutional investors.

Buffalo Wild Wings, Inc. (NASDAQ BWLD) opened at $156.60 on Wednesday. Buffalo Wild Wings, Inc. has a 12-month low of $95.00 and a 12-month high of $168.45. 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 stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 36.13, a PEG ratio of 1.92 and a beta of 0.90.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $500.97 million. During the same quarter in the prior year, the company earned $1.23 EPS. The business’s revenue was up .5% compared to the same quarter last year. research analysts forecast that Buffalo Wild Wings, Inc. will post 4.99 earnings per share for the current fiscal year.

Several equities research analysts recently commented on BWLD shares. Deutsche Bank lifted their price objective on Buffalo Wild Wings from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Maxim Group boosted their price objective on Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Wedbush reissued a “hold” rating on shares of Buffalo Wild Wings in a report on Friday, September 8th. Cowen reaffirmed a “hold” rating and set a $110.00 price objective on shares of Buffalo Wild Wings in a report on Friday, September 1st. Finally, BMO Capital Markets set a $130.00 target price on Buffalo Wild Wings and gave the company a “hold” rating in a research report on Friday, October 6th. Two 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 company. The company presently has an average rating of “Hold” and an average price target of $144.67.

In related news, Director Marcato Capital Management Lp sold 200,094 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director International Master F. Marcato sold 987,284 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was 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 corporate 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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