Buffalo Wild Wings (BWLD) Short Interest Up 34.2% in December

Buffalo Wild Wings (NASDAQ:BWLD) saw a significant growth in short interest in December. As of December 29th, there was short interest totalling 2,020,001 shares, a growth of 34.2% from the December 15th total of 1,505,181 shares. Currently, 13.2% of the shares of the company are short sold. Based on an average daily trading volume, of 536,125 shares, the short-interest ratio is currently 3.8 days.

In other Buffalo Wild Wings news, Director Marcato Capital Management Lp sold 200,094 shares of Buffalo Wild Wings stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total value of $31,122,620.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director International Master F. Marcato acquired 950,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of $156.60 per share, with a total value of $148,770,000.00. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. 3G Capital Partners LP acquired a new position in Buffalo Wild Wings during the third quarter worth about $30,290,000. Koch Industries Inc. acquired a new position in Buffalo Wild Wings during the second quarter worth about $618,000. Dimensional Fund Advisors LP boosted its position in Buffalo Wild Wings by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock worth $58,111,000 after acquiring an additional 13,689 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Buffalo Wild Wings during the second quarter worth about $5,092,000. Finally, Bank of New York Mellon Corp boosted its position in Buffalo Wild Wings by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after acquiring an additional 5,399 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Several analysts have recently issued reports on BWLD shares. Wells Fargo & Co lifted their target price on shares of Buffalo Wild Wings from $110.00 to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, November 14th. Maxim Group lowered shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research report on Tuesday, November 28th. Wedbush reiterated an “in-line” rating and issued a $115.00 target price (up previously from $110.00) on shares of Buffalo Wild Wings in a research report on Thursday, October 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, UBS Group lowered shares of Buffalo Wild Wings from a “buy” rating to a “neutral” rating and lifted their target price for the company from $140.00 to $148.00 in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and three have issued a buy rating to the stock. Buffalo Wild Wings presently has an average rating of “Hold” and an average price target of $144.67.

Buffalo Wild Wings (BWLD) opened at $156.65 on Wednesday. The firm has a market cap of $2,430.00, a PE ratio of 40.79, a P/E/G ratio of 1.72 and a beta of 0.90. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $165.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.57. The firm had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. Buffalo Wild Wings’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. analysts anticipate that Buffalo Wild Wings will post 4.99 EPS for the current fiscal year.

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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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