JPMorgan Chase & Co. Increases Stake in Buffalo Wild Wings (NASDAQ:BWLD)

JPMorgan Chase & Co. increased its holdings in shares of Buffalo Wild Wings (NASDAQ:BWLD) by 114.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,975 shares of the restaurant operator’s stock after buying an additional 59,263 shares during the quarter. JPMorgan Chase & Co. owned 0.72% of Buffalo Wild Wings worth $11,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 77 shares during the period. Macquarie Group Ltd. acquired a new position in Buffalo Wild Wings in the 3rd quarter worth about $148,000. Riverhead Capital Management LLC raised its holdings in Buffalo Wild Wings by 95.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 765 shares during the period. Flinton Capital Management LLC raised its holdings in Buffalo Wild Wings by 73.5% in the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 700 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Buffalo Wild Wings by 27.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,114 shares of the restaurant operator’s stock worth $268,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 91.92% of the company’s stock.

In other Buffalo Wild Wings news, Director International Master F. Marcato acquired 950,000 shares of the stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $156.60 per share, with a total value of $148,770,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marcato Capital Management Lp sold 200,094 shares of Buffalo Wild Wings stock in a transaction that occurred on Tuesday, November 28th. The shares were 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. Company insiders own 1.19% of the company’s stock.

Shares of Buffalo Wild Wings (BWLD) traded up $0.05 during mid-day trading on Friday, hitting $156.75. The company’s stock had a trading volume of 338,344 shares, compared to its average volume of 957,639. The stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Buffalo Wild Wings has a 12 month low of $95.00 and a 12 month high of $165.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings data on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $500.97 million. During the same quarter last year, the company posted $1.23 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. research analysts forecast that Buffalo Wild Wings will post 4.99 EPS for the current fiscal year.

A number of equities analysts have commented on BWLD shares. Telsey Advisory Group increased their target price on Buffalo Wild Wings from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Thursday, October 26th. Maxim Group upped their price target on Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. UBS Group set a $140.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Thursday, October 26th. Robert W. Baird set a $157.00 price target on Buffalo Wild Wings and gave the company a “hold” rating in a research report on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 price objective on Buffalo Wild Wings and gave the stock a “hold” rating in a research report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $144.67.

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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.

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

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