Alpine Associates Management Inc. Invests $27.68 Million in Buffalo Wild Wings (NASDAQ:BWLD) Stock

Alpine Associates Management Inc. acquired a new stake in shares of Buffalo Wild Wings (NASDAQ:BWLD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 177,047 shares of the restaurant operator’s stock, valued at approximately $27,681,000. Buffalo Wild Wings comprises about 1.0% of Alpine Associates Management Inc.’s holdings, making the stock its 22nd largest holding. Alpine Associates Management Inc. owned 1.14% of Buffalo Wild Wings at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of Buffalo Wild Wings during the fourth quarter valued at approximately $109,000. Public Employees Retirement System of Ohio increased its stake in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 77 shares during the period. Macquarie Group Ltd. acquired a new position in Buffalo Wild Wings in the 3rd quarter valued at approximately $148,000. GSA Capital Partners LLP acquired a new position in Buffalo Wild Wings in the 2nd quarter valued at approximately $296,000. Finally, ING Groep NV acquired a new position in Buffalo Wild Wings in the 4th quarter valued at approximately $366,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Buffalo Wild Wings (NASDAQ:BWLD) opened at $156.95 on Wednesday. The stock has a market cap of $2,430.00, a PE ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88. 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 has a one year low of $95.00 and a one year high of $165.70.

BWLD has been the topic of several research reports. Wells Fargo & Co upped their price objective on shares of Buffalo Wild Wings from $110.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 14th. Maxim Group downgraded shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a research report on Tuesday, November 28th. Wedbush reissued an “in-line” rating and issued a $115.00 target price (up from $110.00) on shares of Buffalo Wild Wings in a research report on Thursday, October 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, UBS Group downgraded shares of Buffalo Wild Wings from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $140.00 to $148.00 in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $146.09.

In other news, Director International Master F. Marcato acquired 950,000 shares of Buffalo Wild Wings stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $156.60 per share, with a total value of $148,770,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://weekherald.com/2018/02/14/alpine-associates-management-inc-takes-position-in-buffalo-wild-wings-bwld.html.

Buffalo Wild Wings 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)

Receive News & Ratings for Buffalo Wild Wings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buffalo Wild Wings and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply