International Master F. Marcato Sells 987,284 Shares of Buffalo Wild Wings, Inc. (BWLD) Stock
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) Director International Master F. Marcato sold 987,284 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Buffalo Wild Wings, Inc. (NASDAQ BWLD) traded up $0.30 during mid-day trading on Thursday, hitting $155.95. The stock had a trading volume of 2,771,810 shares, compared to its average volume of 561,956. Buffalo Wild Wings, Inc. has a one year low of $95.00 and a one year high of $175.10. The firm has a market cap of $2,413.71, a PE ratio of 35.94, a PEG ratio of 1.91 and a beta of 0.79. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $500.97 million. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. sell-side analysts predict that Buffalo Wild Wings, Inc. will post 4.97 EPS for the current year.
Several analysts recently issued reports on the company. Canaccord Genuity reissued a “hold” rating and issued a $157.00 price target on shares of Buffalo Wild Wings in a report on Tuesday. Robert W. Baird set a $157.00 price target on Buffalo Wild Wings and gave the stock a “hold” rating in a report on Tuesday. Mizuho set a $157.00 price target on Buffalo Wild Wings and gave the stock a “hold” rating in a report on Tuesday. BMO Capital Markets set a $157.00 target price on Buffalo Wild Wings and gave the company a “hold” rating in a research note on Wednesday. Finally, Guggenheim downgraded Buffalo Wild Wings from a “buy” rating to a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $144.67.
About Buffalo Wild Wings
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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