PNC Financial Services Group Inc. lowered its stake in shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) by 89.5% during the second quarter, Holdings Channel reports. The institutional investor owned 843 shares of the company’s stock after selling 7,178 shares during the period. PNC Financial Services Group Inc.’s holdings in Buffalo Wild Wings were worth $117,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC increased its stake in shares of Buffalo Wild Wings by 69.7% in the second quarter. LS Investment Advisors LLC now owns 1,169 shares of the company’s stock valued at $162,000 after buying an additional 480 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in Buffalo Wild Wings during the first quarter valued at $182,000. Quadrature Capital Ltd purchased a new position in Buffalo Wild Wings during the first quarter valued at $207,000. Oakbrook Investments LLC purchased a new position in Buffalo Wild Wings during the second quarter valued at $208,000. Finally, Bayesian Capital Management LP purchased a new position in Buffalo Wild Wings during the first quarter valued at $213,000. 94.76% of the stock is owned by institutional investors and hedge funds.
Shares of Buffalo Wild Wings Inc. (NASDAQ:BWLD) traded down 0.51% during midday trading on Tuesday, reaching $137.29. The company had a trading volume of 113,369 shares. The company has a market capitalization of $2.51 billion, a P/E ratio of 25.84 and a beta of 0.93. The company has a 50-day moving average price of $154.61 and a 200 day moving average price of $148.21. Buffalo Wild Wings Inc. has a one year low of $122.25 and a one year high of $193.41.
Buffalo Wild Wings (NASDAQ:BWLD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The business earned $490.20 million during the quarter, compared to analysts’ expectations of $498.86 million. During the same quarter last year, the business posted $1.12 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Equities analysts anticipate that Buffalo Wild Wings Inc. will post $5.72 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Barclays PLC increased their price objective on Buffalo Wild Wings from $160.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. BMO Capital Markets reiterated a “buy” rating on shares of Buffalo Wild Wings in a research report on Sunday, June 26th. Telsey Advisory Group increased their price objective on Buffalo Wild Wings from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Deutsche Bank AG increased their price objective on Buffalo Wild Wings from $145.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Finally, Vetr upgraded Buffalo Wild Wings from a “strong sell” rating to a “hold” rating and set a $140.18 price objective on the stock in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of “Hold” and an average price target of $162.85.
In other Buffalo Wild Wings news, COO James M. Schmidt sold 750 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $168.00, for a total value of $126,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sally J. Smith sold 2,000 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $166.02, for a total value of $332,040.00. Following the completion of the sale, the chief executive officer now owns 54,393 shares of the company’s stock, valued at approximately $9,030,325.86. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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