Buffalo Wild Wings, Inc. (BWLD) Shares Sold by Comerica Bank
Comerica Bank reduced its holdings in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,984 shares of the restaurant operator’s stock after selling 774 shares during the quarter. Comerica Bank owned about 0.06% of Buffalo Wild Wings worth $1,205,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BWLD. Russell Investments Group Ltd. increased its holdings in Buffalo Wild Wings by 80.3% in the first quarter. Russell Investments Group Ltd. now owns 9,248 shares of the restaurant operator’s stock worth $1,413,000 after purchasing an additional 4,118 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Buffalo Wild Wings by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,423 shares of the restaurant operator’s stock worth $981,000 after purchasing an additional 100 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Buffalo Wild Wings in the first quarter worth approximately $1,833,000. First Trust Advisors LP increased its holdings in Buffalo Wild Wings by 31.0% in the first quarter. First Trust Advisors LP now owns 16,737 shares of the restaurant operator’s stock worth $2,557,000 after purchasing an additional 3,963 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Buffalo Wild Wings by 11.0% in the first quarter. American Century Companies Inc. now owns 12,260 shares of the restaurant operator’s stock worth $1,873,000 after purchasing an additional 1,219 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.
Buffalo Wild Wings, Inc. (BWLD) opened at 107.125 on Friday. Buffalo Wild Wings, Inc. has a 52-week low of $95.00 and a 52-week high of $175.10. The stock has a market cap of $1.66 billion, a PE ratio of 27.134 and a beta of 0.86. The firm has a 50-day moving average price of $106.68 and a 200 day moving average price of $135.43.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The business had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $512.68 million. During the same quarter in the prior year, the business posted $1.27 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Buffalo Wild Wings, Inc. will post $4.53 earnings per share for the current fiscal 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 shares were acquired at an average cost of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.19% of the company’s stock.
A number of equities research analysts have weighed in on the company. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a report on Sunday, May 28th. KeyCorp lowered their target price on Buffalo Wild Wings from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, June 6th. UBS AG reiterated a “buy” rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a report on Monday, July 10th. Stephens reissued an “equal weight” rating and issued a $145.00 price objective on shares of Buffalo Wild Wings in a research note on Wednesday, July 26th. Finally, Wedbush cut Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $141.67.
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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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