Buffalo Wild Wings (BWLD) Sees Large Decline in Short Interest

Buffalo Wild Wings (NASDAQ:BWLD) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,113,496 shares, a decrease of 48.4% from the January 12th total of 2,157,255 shares. Based on an average daily trading volume, of 384,641 shares, the short-interest ratio is currently 2.9 days. Currently, 7.2% of the shares of the stock are sold short.

Buffalo Wild Wings (NASDAQ BWLD) remained flat at $$156.95 during trading on Wednesday. 1,793,600 shares of the company’s stock traded hands, compared to its average volume of 461,202. 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 12 month low of $95.00 and a 12 month high of $165.70. The firm has a market capitalization of $2,430.00, a PE ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88.

BWLD has been the topic of several research analyst reports. Wells Fargo & Co lifted their price objective on shares of Buffalo Wild Wings from $110.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 14th. Maxim Group cut shares of Buffalo Wild Wings from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research report on Tuesday, November 28th. Wedbush reiterated an “in-line” rating and set a $115.00 price objective (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 cut shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, UBS Group cut shares of Buffalo Wild Wings from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $140.00 to $148.00 in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently 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 the stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $156.60 per share, for a total transaction of $148,770,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director International Master F. Marcato sold 987,284 shares of Buffalo Wild Wings stock in a transaction that occurred 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 disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Buffalo Wild Wings by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 77 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Buffalo Wild Wings by 4.1% during the 2nd quarter. Suntrust Banks Inc. now owns 2,552 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 101 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Buffalo Wild Wings by 3.8% during the 2nd quarter. Voya Investment Management LLC now owns 7,730 shares of the restaurant operator’s stock valued at $979,000 after acquiring an additional 283 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Buffalo Wild Wings by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 40,000 shares of the restaurant operator’s stock valued at $5,068,000 after acquiring an additional 300 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Buffalo Wild Wings by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 12,932 shares of the restaurant operator’s stock valued at $2,022,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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About Buffalo Wild Wings

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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