Buffalo Wild Wings (BWLD) : The total negative money flow of $3.07 million on Wednesday indicates selling on strength. The inflow of money on upticks was $8.55 million, compared to $11.62 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.74. The negative money flow of $1.98 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.36 million in a block trade.The transaction value of block trade on downtick was $3.34 million. The uptick to downtick ratio was 0.41. The price action in the Buffalo Wild Wings (BWLD) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $136.62 with a gain of $0.28 , a change of 0.21% over the previous days close. The stock registered 0.53% for the week.
Also, In the latest statement by the brokerage house, Guggenheim Securities upgrades its outlook on Buffalo Wild Wings (NASDAQ:BWLD). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm maintains the price target at $190 per share. The rating by the firm was issued on June 24, 2016.
Buffalo Wild Wings (NASDAQ:BWLD): The stock opened at $135.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $137.39 for the day. The stock traded down to $134.85 during the day, due to lack of any buying support eventually closed down at $134.90 with a loss of -1.06% for the day. The stock had closed at $136.34 on the previous day. The total traded volume was 515,623 shares.
The stock has recorded a 20-day Moving Average of 3.47% and the 50-Day Moving Average is 4.33%. In a related news, The Securities and Exchange Commission has divulged that Block Andrew D., officer (SVP-Talent Management) of Buffalo Wild Wings Inc, had unloaded 250 shares at an average price of $145 in a transaction dated on June 20, 2016. The total value of the transaction was worth $36,250.
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.