Arizona State Retirement System grew its holdings in Buffalo Wild Wings (NASDAQ:BWLD) by 27.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,165 shares of the restaurant operator’s stock after buying an additional 2,409 shares during the period. Arizona State Retirement System’s holdings in Buffalo Wild Wings were worth $1,746,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Buffalo Wild Wings in the fourth quarter worth approximately $109,000. Public Employees Retirement System of Ohio increased its holdings in Buffalo Wild Wings by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after buying an additional 77 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Buffalo Wild Wings in the third quarter worth approximately $148,000. ING Groep NV acquired a new position in Buffalo Wild Wings in the fourth quarter worth approximately $366,000. Finally, Commonwealth Equity Services Inc increased its holdings in Buffalo Wild Wings by 54.4% in the third quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock worth $262,000 after buying an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.
In other Buffalo Wild Wings news, Director International Master F. Marcato acquired 950,000 shares of Buffalo Wild Wings stock in a transaction dated Tuesday, December 19th. The stock was bought 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 Securities & Exchange Commission, which is available at the SEC website. 1.19% of the stock is currently owned by corporate insiders.
BWLD has been the topic of a number of research reports. Maxim Group restated a “buy” rating and issued a $160.00 price objective on shares of Buffalo Wild Wings in a report on Tuesday, November 14th. Zacks Investment Research upgraded Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Monday, February 5th. Deutsche Bank downgraded Buffalo Wild Wings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $140.90 to $135.00 in a report on Friday, November 17th. Stifel Nicolaus set a $157.00 price objective on Buffalo Wild Wings and gave the stock a “hold” rating in a report on Wednesday, November 29th. Finally, Mizuho set a $157.00 price objective on Buffalo Wild Wings and gave the stock a “hold” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and four have issued a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of “Hold” and a consensus price target of $146.09.
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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