Wolverine Trading buys $3,890,064 stake in Buffalo Wild Wings (BWLD)

Buffalo Wild Wings (BWLD) : Wolverine Trading scooped up 2,622 additional shares in Buffalo Wild Wings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 23,807 shares of Buffalo Wild Wings which is valued at $3,890,064.Buffalo Wild Wings makes up approximately 0.24% of Wolverine Trading’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in BWLD by selling 7,786 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 541,246 shares of BWLD which is valued at $80,131,470. Buffalo Wild Wings makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Ubs Asset Management Americas Inc reduced its stake in BWLD by selling 3,192 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 77,841 shares of BWLD which is valued at $11,298,621. Buffalo Wild Wings makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Teacher Retirement System Of Texas reduced its stake in BWLD by selling 576 shares or 21.77% in the most recent quarter. The Hedge Fund company now holds 2,070 shares of BWLD which is valued at $300,461.Strs Ohio reduced its stake in BWLD by selling 72,600 shares or 96.8% in the most recent quarter. The Hedge Fund company now holds 2,400 shares of BWLD which is valued at $343,680.

Buffalo Wild Wings opened for trading at $165.25 and hit $167.3 on the upside on Monday, eventually ending the session at $166.4, with a gain of 1.16% or 1.9 points. The heightened volatility saw the trading volume jump to 4,09,835 shares. Company has a market cap of $3,029 M.

On the company’s financial health, Buffalo Wild Wings reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.22. The company had revenue of $494.17 million for the quarter, compared to analysts expectations of $501.12 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Shares were Reiterated by Barclays on Oct 27, 2016 to “Overweight” and Lowered the Price Target to $ 176 from a previous price target of $182 .Shares were Reiterated by Maxim Group on Sep 30, 2016 to “Hold” and Lowered the Price Target to $ 155 from a previous price target of $170 .Buffalo Wild Wings was Downgraded by Longbow to ” Underperform” on Aug 19, 2016.

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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