Louisiana State Employees Retirement System cut its position in shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,700 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Buffalo Wild Wings were worth $661,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in BWLD. Sei Investments Co. increased its stake in Buffalo Wild Wings by 71.3% in the second quarter. Sei Investments Co. now owns 1,028 shares of the company’s stock worth $143,000 after buying an additional 428 shares in the last quarter. LS Investment Advisors LLC increased its stake in Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock worth $162,000 after buying an additional 480 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Buffalo Wild Wings during the second quarter worth approximately $184,000. Oakbrook Investments LLC bought a new stake in Buffalo Wild Wings during the second quarter worth approximately $208,000. Finally, Advisor Group Inc. bought a new stake in Buffalo Wild Wings during the second quarter worth approximately $241,000. Institutional investors and hedge funds own 91.98% of the company’s stock.
Shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) traded down 2.11% during trading on Thursday, hitting $146.15. The stock had a trading volume of 253,208 shares. The company has a market cap of $2.66 billion, a PE ratio of 26.30 and a beta of 0.93. The firm’s 50 day moving average is $160.68 and its 200 day moving average is $155.24. Buffalo Wild Wings Inc. has a 1-year low of $122.25 and a 1-year high of $175.10.
Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, October 26th. The company reported $1.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.23. Buffalo Wild Wings had a return on equity of 16.25% and a net margin of 5.26%. The firm had revenue of $494.17 million for the quarter, compared to the consensus estimate of $502.24 million. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Buffalo Wild Wings Inc. will post $5.55 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Wells Fargo & Co. restated a “market perform” rating and issued a $151.50 price target (down from $162.50) on shares of Buffalo Wild Wings in a report on Wednesday, October 26th. BMO Capital Markets restated a “buy” rating on shares of Buffalo Wild Wings in a report on Monday, September 26th. Maxim Group restated a “hold” rating and issued a $155.00 price target (down from $170.00) on shares of Buffalo Wild Wings in a report on Friday, September 30th. Zacks Investment Research upgraded Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, October 4th. Finally, Vetr upgraded Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $153.33 price target for the company in a report on Wednesday, September 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. Buffalo Wild Wings has an average rating of “Hold” and a consensus target price of $160.10.
In related news, COO James M. Schmidt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $163.33, for a total value of $816,650.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Lee R. Patterson sold 520 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $163.90, for a total value of $85,228.00. Following the completion of the transaction, the vice president now owns 5,350 shares in the company, valued at approximately $876,865. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,520 shares of company stock worth $1,235,058. 1.19% of the stock is owned by company insiders.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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