Insider Selling: Buffalo Wild Wings Inc. (BWLD) VP Sells $85,228.00 in Stock
Buffalo Wild Wings Inc. (NASDAQ:BWLD) VP Lee R. Patterson sold 520 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $163.90, for a total transaction of $85,228.00. Following the sale, the vice president now owns 5,350 shares of the company’s stock, valued at $876,865. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Buffalo Wild Wings Inc. (NASDAQ:BWLD) opened at 164.50 on Friday. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 29.60 and a beta of 0.90. Buffalo Wild Wings Inc. has a 52-week low of $122.25 and a 52-week high of $172.91. The company’s 50-day moving average is $145.48 and its 200-day moving average is $148.70.
Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings results on Wednesday, October 26th. The company reported $1.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.23. Buffalo Wild Wings had a net margin of 5.26% and a return on equity of 16.25%. The company earned $494.17 million during the quarter, compared to analysts’ expectations of $502.24 million. During the same quarter last year, the business earned $1.00 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Buffalo Wild Wings Inc. will post $5.58 earnings per share for the current year.
Several equities research analysts have recently commented on the company. BMO Capital Markets set a $200.00 price objective on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Sunday, August 28th. Morgan Stanley restated an “equal weight” rating and issued a $148.00 price objective (down from $151.00) on shares of Buffalo Wild Wings in a research note on Thursday, October 27th. Buckingham Research restated a “neutral” rating and issued a $149.00 price objective on shares of Buffalo Wild Wings in a research note on Tuesday, July 26th. Telsey Advisory Group upped their price objective on Buffalo Wild Wings from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, Vetr upgraded Buffalo Wild Wings from a “sell” rating to a “hold” rating and set a $165.00 price objective for the company in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $161.25.
Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock valued at $143,000 after buying an additional 428 shares during the period. LS Investment Advisors LLC increased its position in shares of Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Buffalo Wild Wings during the second quarter worth about $184,000. Oakbrook Investments LLC bought a new position in shares of Buffalo Wild Wings during the second quarter worth about $208,000. Finally, Birinyi Associates Inc. bought a new position in shares of Buffalo Wild Wings during the third quarter worth about $211,000. Institutional investors own 91.62% of the company’s stock.
About Buffalo Wild Wings
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
Receive News & Stock Ratings for Buffalo Wild Wings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings Inc. and related stocks with our FREE daily email newsletter.