BlueMountain Capital Management LLC Takes Position in Buffalo Wild Wings, Inc. (BWLD)

BlueMountain Capital Management LLC bought a new stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,990 shares of the restaurant operator’s stock, valued at approximately $1,139,000. BlueMountain Capital Management LLC owned approximately 0.06% of Buffalo Wild Wings at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Suntrust Banks Inc. increased its holdings in shares of Buffalo Wild Wings by 0.5% during the 1st quarter. Suntrust Banks Inc. now owns 2,451 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 12 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Buffalo Wild Wings by 10.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 75 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Buffalo Wild Wings by 9.1% during the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock valued at $200,000 after purchasing an additional 131 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Buffalo Wild Wings by 5.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,290 shares of the restaurant operator’s stock valued at $503,000 after purchasing an additional 170 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Buffalo Wild Wings by 2.5% during the 1st quarter. Arizona State Retirement System now owns 7,200 shares of the restaurant operator’s stock valued at $1,100,000 after purchasing an additional 179 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Buffalo Wild Wings, Inc. (BWLD) opened at 111.35 on Thursday. The firm has a market cap of $1.73 billion, a PE ratio of 28.20 and a beta of 0.86. Buffalo Wild Wings, Inc. has a 12 month low of $95.00 and a 12 month high of $175.10. The stock’s 50 day moving average is $106.69 and its 200 day moving average is $134.47.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. On average, equities analysts forecast that Buffalo Wild Wings, Inc. will post $4.51 earnings per share for the current year.

In related news, Director International Master F. Marcato acquired 9,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average price 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 link. Company insiders own 1.19% of the company’s stock.

Several research firms have recently weighed in on BWLD. UBS AG reaffirmed a “buy” rating and set a $175.00 target price (down from $185.00) on shares of Buffalo Wild Wings in a report on Monday, June 12th. Maxim Group reissued a “buy” rating and issued a $145.00 price target (down previously from $160.00) on shares of Buffalo Wild Wings in a report on Tuesday. Cowen and Company reissued a “market perform” rating and issued a $110.00 price target on shares of Buffalo Wild Wings in a report on Wednesday. Deutsche Bank AG set a $180.00 price target on shares of Buffalo Wild Wings and gave the stock a “buy” rating in a report on Sunday, May 28th. Finally, Mizuho started coverage on shares of Buffalo Wild Wings in a report on Thursday, June 8th. They issued a “neutral” rating and a $150.00 price target for the company. Two research 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. The stock presently has a consensus rating of “Hold” and an average price target of $140.71.

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

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