Envestnet Asset Management Inc. Buys 6,749 Shares of Buffalo Wild Wings, Inc. (BWLD)

Envestnet Asset Management Inc. increased its stake in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 23.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,966 shares of the restaurant operator’s stock after purchasing an additional 6,749 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Buffalo Wild Wings worth $3,802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Buffalo Wild Wings by 10.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 75 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Buffalo Wild Wings during the 3rd quarter valued at $148,000. Riverhead Capital Management LLC raised its stake in Buffalo Wild Wings by 95.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 765 shares in the last quarter. Flinton Capital Management LLC raised its stake in Buffalo Wild Wings by 73.5% during the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 700 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Buffalo Wild Wings by 27.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,114 shares of the restaurant operator’s stock valued at $268,000 after acquiring an additional 460 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Buffalo Wild Wings, Inc. (BWLD) opened at $156.00 on Tuesday. Buffalo Wild Wings, Inc. has a 12 month low of $95.00 and a 12 month high of $175.05. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $2,427.35, a price-to-earnings ratio of 36.10, a PEG ratio of 1.91 and a beta of 0.90.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The company had revenue of $496.70 million for the quarter, compared to the consensus estimate of $500.97 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. research analysts forecast that Buffalo Wild Wings, Inc. will post 4.99 earnings per share for the current fiscal year.

BWLD has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Buffalo Wild Wings from $110.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 14th. Maxim Group downgraded Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research note on Tuesday, November 28th. Wedbush reaffirmed an “in-line” rating and set a $115.00 target price (up previously from $110.00) on shares of Buffalo Wild Wings in a research note on Thursday, October 26th. They noted that the move was a valuation call. UBS downgraded Buffalo Wild Wings from a “buy” rating to a “neutral” rating and lifted their target price for the company from $140.00 to $148.00 in a research note on Monday, November 27th. Finally, Zacks Investment Research downgraded Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $144.67.

In related news, Director Marcato Capital Management Lp sold 200,094 shares of Buffalo Wild Wings stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director International Master F. Marcato sold 987,284 shares of Buffalo Wild Wings stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $155.57, for a total value of $153,591,771.88. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

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

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