JPMorgan Chase & Co. grew its position in Buffalo Wild Wings (NASDAQ:BWLD) by 114.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,975 shares of the restaurant operator’s stock after buying an additional 59,263 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of Buffalo Wild Wings worth $11,763,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in BWLD. Virginia Retirement Systems ET AL acquired a new stake in shares of Buffalo Wild Wings during the third quarter worth approximately $307,000. Legal & General Group Plc boosted its holdings in shares of Buffalo Wild Wings by 13.2% during the third quarter. Legal & General Group Plc now owns 14,512 shares of the restaurant operator’s stock worth $1,534,000 after purchasing an additional 1,694 shares during the period. Davidson Investment Advisors boosted its holdings in shares of Buffalo Wild Wings by 42.9% during the third quarter. Davidson Investment Advisors now owns 50,741 shares of the restaurant operator’s stock worth $5,363,000 after purchasing an additional 15,236 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Buffalo Wild Wings during the third quarter worth approximately $148,000. Finally, Commonwealth Equity Services Inc boosted its holdings in shares of Buffalo Wild Wings by 54.4% during the third quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 874 shares during the period. Institutional investors own 91.92% of the company’s stock.
In related news, Director International Master F. Marcato bought 950,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $156.60 per share, with a total value of $148,770,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marcato Capital Management Lp sold 200,094 shares of the business’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 disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The company had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. During the same quarter last year, the firm posted $1.23 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts forecast that Buffalo Wild Wings will post 4.99 EPS for the current year.
BWLD has been the subject of several research reports. Deutsche Bank raised their price target on shares of 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 raised their price target on shares of Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Wedbush restated 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 research report on Friday, September 1st. Finally, BMO Capital Markets set a $130.00 price objective on shares of 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 stock has an average rating of “Hold” and an average target price of $144.67.
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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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