Chartwell Investment Partners LLC lowered its stake in Buffalo Wild Wings (NASDAQ:BWLD) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,415 shares of the restaurant operator’s stock after selling 2,110 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Buffalo Wild Wings were worth $9,133,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of BWLD. Public Employees Retirement System of Ohio boosted its stake in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 77 shares during the period. Strs Ohio bought a new position in Buffalo Wild Wings in the 4th quarter worth about $109,000. Macquarie Group Ltd. bought a new position in Buffalo Wild Wings in the 3rd quarter worth about $148,000. Commonwealth Equity Services Inc boosted its stake in Buffalo Wild Wings by 54.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 874 shares during the period. Finally, BB&T Securities LLC bought a new position in Buffalo Wild Wings in the 3rd quarter worth about $293,000. Institutional investors and hedge funds own 92.32% of the company’s stock.
Several research analysts have commented on BWLD shares. Telsey Advisory Group raised their target price on Buffalo Wild Wings from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Maxim Group raised their target price on Buffalo Wild Wings from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. UBS Group set a $140.00 target price on Buffalo Wild Wings and gave the stock a “buy” rating in a research note on Thursday, October 26th. Wedbush restated an “in-line” rating and issued a $115.00 target price (up previously from $110.00) on shares of Buffalo Wild Wings in a research note on Thursday, October 26th. They noted that the move was a valuation call. Finally, Dougherty & Co upgraded Buffalo Wild Wings from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $146.09.
In related news, Director Marcato Capital Management Lp sold 200,094 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $155.54, for a total transaction of $31,122,620.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director International Master F. Marcato sold 987,284 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $155.57, for a total value of $153,591,771.88. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
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Buffalo Wild Wings Profile
Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. 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. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.
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