Short Interest in Buffalo Wild Wings (BWLD) Grows By 34.2%

Buffalo Wild Wings (NASDAQ:BWLD) was the recipient of a significant growth in short interest in December. As of December 29th, there was short interest totalling 2,020,001 shares, a growth of 34.2% from the December 15th total of 1,505,181 shares. Based on an average trading volume of 536,125 shares, the days-to-cover ratio is presently 3.8 days. Approximately 13.2% of the shares of the stock are short sold.

Buffalo Wild Wings (NASDAQ:BWLD) opened at $156.75 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. Buffalo Wild Wings has a 1-year low of $95.00 and a 1-year high of $165.70. The stock has a market capitalization of $2,430.00, a PE ratio of 40.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, October 25th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.57. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The firm had revenue of $496.70 million for the quarter, compared to analysts’ expectations of $500.97 million. During the same quarter last year, the business earned $1.23 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. sell-side analysts expect that Buffalo Wild Wings will post 4.99 EPS for the current year.

Several research firms have issued reports on BWLD. UBS Group set a $140.00 price objective on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Thursday, October 26th. Maxim Group increased their price objective on Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Telsey Advisory Group increased their price objective on Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Robert W. Baird set a $157.00 target price on Buffalo Wild Wings and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, Stifel Nicolaus set a $157.00 target price on Buffalo Wild Wings and gave the company a “hold” rating in a research note on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $144.67.

In other Buffalo Wild Wings news, Director International Master F. Marcato sold 987,284 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $155.57, for a total transaction of $153,591,771.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marcato Capital Management Lp sold 200,094 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of BWLD. Public Employees Retirement System of Ohio boosted its holdings in Buffalo Wild Wings by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after buying an additional 77 shares during the last quarter. Macquarie Group Ltd. bought a new position in Buffalo Wild Wings during the third quarter worth about $148,000. Riverhead Capital Management LLC boosted its holdings in Buffalo Wild Wings by 95.6% during the second quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after buying an additional 765 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Buffalo Wild Wings by 73.5% during the second quarter. Flinton Capital Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $209,000 after buying an additional 700 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its holdings in Buffalo Wild Wings by 54.4% during the third quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock worth $262,000 after buying an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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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.

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