Maxim Group thinks Buffalo Wild Wings (NASDAQ:BWLD) could see a competing bid above the $150 offer from Roark Capital. Koch Industries Inc. purchased a new stake in Buffalo Wild Wings in the second quarter worth $618,000. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. Buffalo Wild Wings has a one year low of $95.00 and a one year high of $175.10. The stock has a market capitalization of $1,814.13, a P/E ratio of 27.01, a P/E/G ratio of 1.43 and a beta of 0.79. Wells Fargo & Company/mn now owns 1,972 shares valued at $208,000.
Even with the potential for a $2.3 billion takeover offer from Roark Capital, the restaurant still has to sell a lot of wings with attractive margins to turn a profit. Including today's unusual volume, Buffalo Wild Wings, Inc.'s stock is performing at -24.06% on the year.
Now the stock price is moving -16.08% off from the highest level of twelve months and 54.68% above from twelve months low. Canaccord Genuity reaffirmed a hold rating and set a $120.00 price target (down previously from $135.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Buffalo Wild Wings's revenue for the quarter was up.5% on a year-over-year basis. equities research analysts anticipate that Buffalo Wild Wings will post 4.98 EPS for the current year. The company had revenue of $496.70 million during the quarter, compared to analysts' expectations of $500.97 million. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/11/14/ubs-ag-reiterates-sell-rating-for-buffalo-wild-wings-inc-bwld.html.
A number of large investors have recently added to or reduced their stakes in BWLD. Over the past month the firm's stock is 14.56%, 6.83% for the last quarter, -25.65% for the past six-months and -27.58% for the a year ago. The value of the investment in BWLD went from $311,000 to $225,000 a change of 27.7% since the last quarter. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.57. Finally, Teachers Advisors LLC grew its holdings in Buffalo Wild Wings by 3.6% during the 1st quarter. Victory Capital Management Inc. lifted its stake in Buffalo Wild Wings by 36.8% in the third quarter. 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.