Bessemer Group Inc. increased its stake in shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 72.2% during the second quarter, Holdings Channel reports. The fund owned 14,550 shares of the restaurant operator’s stock after buying an additional 6,100 shares during the period. Bessemer Group Inc.’s holdings in Buffalo Wild Wings were worth $1,843,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in shares of Buffalo Wild Wings during the first quarter valued at about $1,833,000. Greenwich Wealth Management LLC boosted its position in shares of Buffalo Wild Wings by 1.1% in the first quarter. Greenwich Wealth Management LLC now owns 7,429 shares of the restaurant operator’s stock valued at $1,135,000 after buying an additional 82 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Buffalo Wild Wings by 15.2% in the first quarter. Stifel Financial Corp now owns 3,749 shares of the restaurant operator’s stock valued at $574,000 after buying an additional 495 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of Buffalo Wild Wings during the first quarter valued at about $458,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Buffalo Wild Wings by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,423 shares of the restaurant operator’s stock valued at $981,000 after buying an additional 100 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) opened at 111.85 on Friday. The company’s 50 day moving average price is $120.04 and its 200-day moving average price is $144.17. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 28.33 and a beta of 0.86. Buffalo Wild Wings, Inc. has a 1-year low of $105.10 and a 1-year high of $175.10.

Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.35. The firm had revenue of $500 million during the quarter, compared to analysts’ expectations of $512.68 million. Buffalo Wild Wings had a return on equity of 17.14% and a net margin of 3.39%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share. On average, equities analysts forecast that Buffalo Wild Wings, Inc. will post $4.54 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/12/bessemer-group-inc-has-1-84-million-position-in-buffalo-wild-wings-inc-nasdaqbwld.html.

Several research analysts recently issued reports on BWLD shares. UBS AG set a $155.00 target price on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and set a $110.00 target price (down previously from $150.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $145.00 target price (down previously from $165.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Maxim Group raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and lifted their target price for the company from $175.00 to $180.00 in a research report on Friday, May 19th. Finally, TheStreet cut Buffalo Wild Wings from a “b-” rating to a “c” rating in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $141.78.

In other news, Director International Master F. Marcato purchased 9,100 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of $109.71 per share, for a total transaction of $998,361.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.

Want to see what other hedge funds are holding BWLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buffalo Wild Wings, Inc. (NASDAQ:BWLD).

Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

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.