Buffalo Wild Wings shares soar amid report of takeover attempt

Buffalo Wild Wings shares soar amid report of takeover attempt

They now have a $120.00 price objective on the restaurant operator's stock.

Wingstop shares are rising over 2% late after closing up 2.2% to 38.95. Shares surged almost 28 percent after The Wall Street Journal initially reported the offer.

Marcato Capital Management Lp holds 15.5% of its portfolio in Buffalo Wild Wings for 983,299 shares. The value of the investment in Buffalo Wild Wings decreased from $1,330,000 to $381,000 a change of $949,000 for the reporting period.

"Buffalo Wild Wings could be appealing to Roark because of the brand's dominant positioning among sports-bars, potential to improve company-owned restaurant performance with better execution, and stable base of franchise income", O'Cull wrote. On October 26, 2017 BMO Capital Markets updated coverage of BWLD with a rating of "Hold" and price target of $120.00.

Buffalo Wild Wings (NASDAQ:BWLD) opened at $117.25 on Friday.

The company is trading down by 1.20% since yesterday's close of 118.85. The stock has a market capitalization of $1,843.63, a PE ratio of 27.45, a P/E/G ratio of 1.46 and a beta of 0.79.

The stock of Buffalo Wild Wings (NASDAQ:BWLD) is a huge mover today! Credit Suisse maintained Buffalo Wild Wings (NASDAQ:BWLD) on Tuesday, September 1 with "Sell" rating. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.57. The firm had revenue of $496.70 million for the quarter, compared to analysts' expectations of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%.

The company's shares had lost value in each of the past two years, following a seven-year streak of gains. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.57. Zacks Investment Research cut Buffalo Wild Wings from a "hold" rating to a "sell" rating in a research note on Friday, October 27th. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & global copyright and trademark legislation. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/14/buffalo-wild-wings-inc-bwld-rating-reiterated-by-mizuho.html. Hedge funds and other institutional investors own 89.14% of the company's stock. Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings in the 2nd quarter valued at $618,000. As of the end of the quarter Amalgamated Bank had disposed of a total of 326 shares trimming its stake by 13.3%. Pacad Investment Ltd. increased its stake in shares of Buffalo Wild Wings by 23.7% in the 2nd quarter. Teachers Advisors LLC now owns 48,169 shares of the restaurant operator's stock worth $7,358,000 after acquiring an additional 1,695 shares in the last quarter. Wellington Management Group LLP grew its holdings in Buffalo Wild Wings by 29.7% during the 1st quarter.

The company's Chief Executive Sally Smith said she would retire by the end of the year after Marcato won a bitter proxy battle in June that put three of its directors on the chicken-wing restaurant's board.

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