Buffalo Wild Wings (BWLD) Sees Significant Decline in Short Interest
Buffalo Wild Wings (NASDAQ:BWLD) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,113,496 shares, a decline of 48.4% from the January 12th total of 2,157,255 shares. Currently, 7.2% of the company’s shares are short sold. Based on an average daily volume of 384,641 shares, the days-to-cover ratio is presently 2.9 days.
A number of research analysts recently weighed in on the company. BidaskClub raised Buffalo Wild Wings from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Monday, February 5th. Credit Suisse Group reaffirmed a “hold” rating on shares of Buffalo Wild Wings in a research note on Wednesday, January 24th. Dougherty & Co downgraded Buffalo Wild Wings from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. Finally, Guggenheim downgraded Buffalo Wild Wings from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $146.09.
In other news, Director International Master F. Marcato purchased 950,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of $156.60 per share, with a total value of $148,770,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marcato Capital Management Lp sold 200,094 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total value of $31,122,620.76. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.
Buffalo Wild Wings (BWLD) opened at $156.95 on Monday. The stock has a market capitalization of $2,430.00, a P/E ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60. Buffalo Wild Wings has a twelve month low of $95.00 and a twelve month high of $165.70.
TRADEMARK VIOLATION WARNING: This story was posted by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.dailypolitical.com/2018/02/12/buffalo-wild-wings-bwld-sees-significant-decline-in-short-interest.html.
About Buffalo Wild Wings
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.
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.