Buffalo Wild Wings Sees Unusually High Options Volume (BWLD)

Buffalo Wild Wings Sees Unusually High Options Volume (BWLD)

Buffalo Wild Wings (NASDAQ:BWLD) was the target of unusually large options trading on Thursday. Stock traders bought 9,371 put options on the stock. This represents an increase of approximately 397% compared to the typical daily volume of 1,884 put options.

Several brokerages have recently weighed in on BWLD. Wedbush downgraded Buffalo Wild Wings from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $150.00 to $155.00 in a research note on Tuesday, May 30th. Deutsche Bank AG set a $180.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Sunday, May 28th. Maxim Group raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and increased their price objective for the company from $175.00 to $180.00 in a research note on Friday, May 19th. UBS Group AG raised Buffalo Wild Wings to a “buy” rating in a research note on Monday, May 15th. Finally, Citigroup Inc reissued a “neutral” rating and issued a $161.00 price objective (down from $162.00) on shares of Buffalo Wild Wings in a research note on Monday, May 15th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $161.53.

In other Buffalo Wild Wings news, CEO Sally J. Smith sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the sale, the chief executive officer now owns 46,073 shares in the company, valued at approximately $6,910,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.19% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Buffalo Wild Wings by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 75 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Buffalo Wild Wings during the first quarter valued at about $511,000. FNY Managed Accounts LLC purchased a new stake in shares of Buffalo Wild Wings during the first quarter valued at about $130,000. Paloma Partners Management Co boosted its stake in shares of Buffalo Wild Wings by 324.0% in the first quarter. Paloma Partners Management Co now owns 22,299 shares of the restaurant operator’s stock valued at $3,406,000 after buying an additional 17,040 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Buffalo Wild Wings by 17.4% in the first quarter. AQR Capital Management LLC now owns 112,013 shares of the restaurant operator’s stock valued at $17,110,000 after buying an additional 16,628 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

Shares of Buffalo Wild Wings (BWLD) opened at 152.35 on Friday. Buffalo Wild Wings has a 12 month low of $133.34 and a 12 month high of $175.10. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 32.98 and a beta of 0.96. The stock’s 50 day moving average price is $156.06 and its 200 day moving average price is $156.70.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.24. Buffalo Wild Wings had a net margin of 4.76% and a return on equity of 15.58%. The firm had revenue of $534.80 million for the quarter, compared to analyst estimates of $536.10 million. During the same quarter in the previous year, the company earned $1.73 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Buffalo Wild Wings will post $5.54 earnings per share for the current fiscal year.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BWLD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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