Buffalo Wild Wings (BWLD) Sees Significant Decline in Short Interest

Buffalo Wild Wings (NASDAQ:BWLD) was the target of a large drop in short interest during the month of 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. Currently, 7.2% of the shares of the company are short sold. Based on an average daily volume of 384,641 shares, the short-interest ratio is presently 2.9 days.

Several equities analysts have weighed in on BWLD shares. Deutsche Bank lifted their price objective on Buffalo Wild Wings from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Maxim Group lifted their price objective on Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 26th. BidaskClub cut Buffalo Wild Wings from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th. Zacks Investment Research cut Buffalo Wild Wings from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, UBS Group set a $140.00 price objective on Buffalo Wild Wings and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $146.09.

In other Buffalo Wild Wings 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 Securities & Exchange Commission, which is available through this link. Also, Director International Master F. Marcato acquired 950,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was bought 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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWLD. GSA Capital Partners LLP bought a new stake in shares of Buffalo Wild Wings in the 2nd quarter valued at about $296,000. California Public Employees Retirement System grew its position in shares of Buffalo Wild Wings by 0.8% in the 2nd quarter. California Public Employees Retirement System now owns 40,000 shares of the restaurant operator’s stock valued at $5,068,000 after buying an additional 300 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of Buffalo Wild Wings by 4.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,552 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 101 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Buffalo Wild Wings by 7.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 34,212 shares of the restaurant operator’s stock valued at $4,335,000 after buying an additional 2,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Buffalo Wild Wings by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator’s stock valued at $58,111,000 after buying an additional 13,689 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Shares of Buffalo Wild Wings (NASDAQ BWLD) opened at $156.95 on Monday. The firm has a market capitalization of $2,430.00, a price-to-earnings ratio of 40.87, a P/E/G ratio of 1.72 and a beta of 0.88. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $165.70. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.

ILLEGAL ACTIVITY WARNING: “Buffalo Wild Wings (BWLD) Sees Significant Decline in Short Interest” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/12/buffalo-wild-wings-bwld-sees-significant-decline-in-short-interest.html.

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.

Receive News & Ratings for Buffalo Wild Wings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply