Kellner Capital LLC Buys New Holdings in Buffalo Wild Wings (BWLD)

Kellner Capital LLC bought a new position in shares of Buffalo Wild Wings (NASDAQ:BWLD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,400 shares of the restaurant operator’s stock, valued at approximately $2,720,000. Buffalo Wild Wings makes up approximately 2.2% of Kellner Capital LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors have also recently made changes to their positions in BWLD. Parametric Portfolio Associates LLC raised its holdings in Buffalo Wild Wings by 7.6% during the second quarter. Parametric Portfolio Associates LLC now owns 34,212 shares of the restaurant operator’s stock worth $4,335,000 after purchasing an additional 2,410 shares in the last quarter. Voya Investment Management LLC raised its holdings in Buffalo Wild Wings by 3.8% during the second quarter. Voya Investment Management LLC now owns 7,730 shares of the restaurant operator’s stock worth $979,000 after purchasing an additional 283 shares in the last quarter. Stifel Financial Corp raised its holdings in Buffalo Wild Wings by 13.7% during the second quarter. Stifel Financial Corp now owns 4,264 shares of the restaurant operator’s stock worth $541,000 after purchasing an additional 515 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Buffalo Wild Wings during the second quarter worth approximately $367,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Buffalo Wild Wings by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Several brokerages recently commented on BWLD. Telsey Advisory Group boosted their target price on Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Thursday, October 26th. UBS Group set a $140.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a report on Thursday, October 26th. Maxim Group boosted their target price on Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $157.00 target price on Buffalo Wild Wings and gave the stock a “hold” rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 price target on shares of Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $146.09.

In related news, Director International Master F. Marcato bought 950,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $156.60 per share, with a total value of $148,770,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $31,122,620.76. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Buffalo Wild Wings (NASDAQ BWLD) opened at $156.95 on Friday. 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. The firm has a market cap of $2,430.00, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 1.72 and a beta of 0.88.

ILLEGAL ACTIVITY NOTICE: “Kellner Capital LLC Buys New Holdings in Buffalo Wild Wings (BWLD)” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2018/02/23/kellner-capital-llc-buys-new-holdings-in-buffalo-wild-wings-bwld.html.

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.

Want to see what other hedge funds are holding BWLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buffalo Wild Wings (NASDAQ:BWLD).

Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

Receive News & Ratings for Buffalo Wild Wings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit