LS Investment Advisors LLC cut its stake in shares of Buffalo Wild Wings (NASDAQ:BWLD) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,043 shares of the restaurant operator’s stock after selling 554 shares during the period. LS Investment Advisors LLC’s holdings in Buffalo Wild Wings were worth $163,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Buffalo Wild Wings by 6.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock valued at $51,367,000 after acquiring an additional 27,330 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Buffalo Wild Wings by 36.8% during the 3rd quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock valued at $43,435,000 after acquiring an additional 110,439 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Buffalo Wild Wings by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock valued at $37,594,000 after acquiring an additional 5,399 shares in the last quarter. 3G Capital Partners LP bought a new position in Buffalo Wild Wings during the 3rd quarter valued at $30,290,000. Finally, Chicago Capital Management LLC bought a new position in Buffalo Wild Wings during the 4th quarter valued at $24,687,000. Institutional investors and hedge funds own 92.32% of the company’s stock.
In related news, Director Marcato Capital Management Lp sold 200,094 shares of Buffalo Wild Wings stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director International Master F. Marcato acquired 950,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $156.60 per share, with a total value of $148,770,000.00. The disclosure for this purchase can be found here. Company insiders own 1.19% of the company’s stock.
BWLD has been the topic of several recent analyst reports. Wells Fargo & Co raised their price objective 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 cut Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research note on Tuesday, November 28th. Wedbush restated an “in-line” rating and set a $115.00 price objective (up 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. Zacks Investment Research cut Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, UBS Group lowered Buffalo Wild Wings from a “buy” rating to a “neutral” rating and raised their target price for the company from $140.00 to $148.00 in a research report on Monday, November 27th. One 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 company’s stock. The company has an average rating of “Hold” and a consensus target price of $146.09.
Shares of Buffalo Wild Wings (BWLD) opened at $156.95 on Friday. Buffalo Wild Wings has a twelve month low of $95.00 and a twelve month high of $165.70. The firm has a market capitalization of $2,430.00, a PE ratio of 40.87, a P/E/G ratio of 1.72 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60.
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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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