Alambic Investment Management L.P. Invests $458,000 in Buffalo Wild Wings (BWLD)
Alambic Investment Management L.P. purchased a new position in shares of Buffalo Wild Wings (NASDAQ:BWLD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the restaurant operator’s stock, valued at approximately $458,000.
Several other large investors have also recently modified their holdings of BWLD. Norges Bank purchased a new stake in shares of Buffalo Wild Wings during the fourth quarter worth $21,888,000. Legato Capital Management LLC increased its stake in shares of Buffalo Wild Wings by 15,175.0% in the first quarter. Legato Capital Management LLC now owns 94,247 shares of the restaurant operator’s stock worth $617,000 after buying an additional 93,630 shares during the period. Chartwell Investment Partners LLC purchased a new stake in shares of Buffalo Wild Wings during the third quarter worth $9,366,000. AQR Capital Management LLC increased its stake in shares of Buffalo Wild Wings by 113.0% in the fourth quarter. AQR Capital Management LLC now owns 95,385 shares of the restaurant operator’s stock worth $14,728,000 after buying an additional 50,596 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Buffalo Wild Wings by 15.8% in the fourth quarter. Champlain Investment Partners LLC now owns 283,659 shares of the restaurant operator’s stock worth $43,797,000 after buying an additional 38,792 shares during the period. Institutional investors and hedge funds own 92.00% of the company’s stock.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded down 1.47% on Friday, reaching $151.00. The company’s stock had a trading volume of 398,791 shares. The stock has a 50-day moving average of $156.30 and a 200 day moving average of $157.00. Buffalo Wild Wings has a 52 week low of $133.34 and a 52 week high of $175.10. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 32.69 and a beta of 0.96.
Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a return on equity of 15.58% and a net margin of 4.76%. The company had revenue of $534.80 million during the quarter, compared to analyst estimates of $536.10 million. During the same period in the previous year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Buffalo Wild Wings will post $5.55 EPS for the current year.
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A number of equities research analysts have recently weighed in on BWLD shares. BMO Capital Markets reiterated a “hold” rating and issued a $185.00 price target on shares of Buffalo Wild Wings in a report on Friday, March 24th. BTIG Research reiterated a “neutral” rating on shares of Buffalo Wild Wings in a report on Monday, April 17th. CLSA downgraded Buffalo Wild Wings from an “underperform” rating to a “sell” rating in a report on Tuesday, January 31st. Citigroup Inc lowered their price target on Buffalo Wild Wings from $178.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, March 20th. Finally, Jefferies Group LLC reiterated a “neutral” rating on shares of Buffalo Wild Wings in a report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $161.26.
In other news, CEO Sally J. Smith sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 46,073 shares of the company’s stock, valued at approximately $6,910,950. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.19% of the company’s stock.
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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