Buffalo Wild Wings (BWLD) Short Interest Down 48.4% in January

Buffalo Wild Wings (NASDAQ:BWLD) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,113,496 shares, a drop of 48.4% from the January 12th total of 2,157,255 shares. Approximately 7.2% of the company’s stock are short sold. Based on an average daily volume of 384,641 shares, the short-interest ratio is currently 2.9 days.

In other Buffalo Wild Wings news, Director International Master F. Marcato acquired 950,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $156.60 per share, for a total transaction of $148,770,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in shares of Buffalo Wild Wings in the fourth quarter worth $109,000. Public Employees Retirement System of Ohio raised its holdings in shares of 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. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Buffalo Wild Wings in the fourth quarter worth $190,000. Two Sigma Investments LP raised its holdings in shares of Buffalo Wild Wings by 127.7% in the fourth quarter. Two Sigma Investments LP now owns 1,300 shares of the restaurant operator’s stock worth $203,000 after buying an additional 6,000 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Buffalo Wild Wings in the third quarter worth $148,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on BWLD. Telsey Advisory Group raised their target price on shares of Buffalo Wild Wings from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, October 26th. UBS Group set a $140.00 target price on shares of Buffalo Wild Wings and gave the company a “buy” rating in a research note on Thursday, October 26th. Maxim Group raised their target price on shares of Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird set a $157.00 target price on shares of Buffalo Wild Wings and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 target price on shares of Buffalo Wild Wings and gave the company a “hold” rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $146.09.

Buffalo Wild Wings (BWLD) remained flat at $$156.95 during midday trading on Wednesday. The company’s stock had a trading volume of 1,793,600 shares, compared to its average volume of 461,202. The firm has a market cap of $2,430.00, a PE ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88. 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 current ratio of 0.70 and a quick ratio of 0.61.

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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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