Canada Pension Plan Investment Board Acquires 19,900 Shares of Buffalo Wild Wings, Inc. (BWLD)

Canada Pension Plan Investment Board raised its holdings in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 68.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,900 shares of the restaurant operator’s stock after purchasing an additional 19,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.32% of Buffalo Wild Wings worth $5,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWLD. Koch Industries Inc. bought a new stake in Buffalo Wild Wings in the 2nd quarter valued at about $618,000. Victory Capital Management Inc. boosted its holdings in Buffalo Wild Wings by 36.8% in the 3rd quarter. Victory Capital Management Inc. now owns 410,928 shares of the restaurant operator’s stock valued at $43,435,000 after purchasing an additional 110,439 shares during the period. Chilton Investment Co. LLC bought a new stake in Buffalo Wild Wings in the 2nd quarter valued at about $9,796,000. Teachers Advisors LLC boosted its holdings in Buffalo Wild Wings by 142.0% in the 2nd quarter. Teachers Advisors LLC now owns 116,567 shares of the restaurant operator’s stock valued at $14,769,000 after purchasing an additional 68,398 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in Buffalo Wild Wings by 1,813.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 62,950 shares of the restaurant operator’s stock valued at $7,975,000 after purchasing an additional 59,660 shares during the period. 89.14% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Deutsche Bank AG boosted their price objective on shares of Buffalo Wild Wings from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Stephens reissued an “equal weight” rating and issued a $145.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Buffalo Wild Wings from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Cowen and Company reissued a “market perform” rating and issued a $110.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $135.00 price objective on shares of Buffalo Wild Wings in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $134.67.

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) opened at $145.35 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.70 and a quick ratio of 0.61. Buffalo Wild Wings, Inc. has a 12-month low of $95.00 and a 12-month high of $175.10. The stock has a market cap of $1,818.81, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.44 and a beta of 0.79.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The firm had revenue of $496.70 million during the quarter, compared to analysts’ expectations of $500.97 million. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue was up .5% on a year-over-year basis. equities research analysts predict that Buffalo Wild Wings, Inc. will post 4.98 earnings per share for the current year.

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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.

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

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