Alta Capital Management buys $13,336,842 stake in Buffalo Wild Wings (BWLD)

Buffalo Wild Wings (BWLD) : Alta Capital Management scooped up 49,541 additional shares in Buffalo Wild Wings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 92,418 shares of Buffalo Wild Wings which is valued at $13,336,842.Buffalo Wild Wings makes up approximately 0.81% of Alta Capital Management’s portfolio.

Buffalo Wild Wings closed down -15.62 points or -10.80% at $129 with 42,24,177 shares getting traded on Wednesday. Post opening the session at $126.24, the shares hit an intraday low of $122.25 and an intraday high of $129.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in BWLD by selling 358 shares or 34.79% in the most recent quarter. The Hedge Fund company now holds 671 shares of BWLD which is valued at $96,832. Buffalo Wild Wings makes up approx 0.03% of Advisory Services Network’s portfolio.Summit Creek Advisors boosted its stake in BWLD in the latest quarter, The investment management firm added 18,841 additional shares and now holds a total of 108,834 shares of Buffalo Wild Wings which is valued at $15,705,835. Buffalo Wild Wings makes up approx 2.42% of Summit Creek Advisors’s portfolio.Piershale Financial Group reduced its stake in BWLD by selling 6 shares or 9.38% in the most recent quarter. The Hedge Fund company now holds 58 shares of BWLD which is valued at $8,547. Buffalo Wild Wings makes up approx 0.01% of Piershale Financial Group’s portfolio.Eagle Asset Management Inc reduced its stake in BWLD by selling 1,116 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 254,639 shares of BWLD which is valued at $36,148,552. Buffalo Wild Wings makes up approx 0.25% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Buffalo Wild Wings reported $1.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $1.77. The company had revenue of $508.26 million for the quarter, compared to analysts expectations of $529.53 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Shares were Reiterated by Telsey Advisory Group on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 160 from a previous price target of $175 .Shares were Reiterated by Maxim Group on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 170 from a previous price target of $190 .Shares were Reiterated by Goldman on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 166 from a previous price target of $185 .

Buffalo Wild Wings Inc. is an owner operator and franchisor of restaurants featuring a variety of menu items including its Buffalo New York-style chicken wings. The Company operates Buffalo Wild Wings and Emerging brands (PizzaRev and Rusty Taco) restaurants as well as selling Buffalo Wild Wings and Rusty Taco restaurant franchises. It offers a variety of sauces and seasonings which include Sweet BBQ Teriyaki Mild Medium Honey BBQ Spicy Garlic Buffalo Desert Heat Chipotle BBQ Lemon Pepper and Salt & Vinegar among others. Its menu includes a variety of food items including Sharables Wild Flatbreads specialty hamburgers and sandwiches wraps Buffalito soft tacos and salads. Its restaurants offer domestic and imported beers on tap including craft brews and a selection of bottled beers wines and liquor. It owned and operated approximately 490 company-owned restaurants.

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