Buffalo Wild Wings, Inc. (BWLD) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,094 shares of the restaurant operator’s stock after selling 6,036 shares during the quarter. Royal Bank of Canada owned 1.41% of Buffalo Wild Wings worth $27,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of BWLD. Public Employees Retirement System of Ohio raised its position in shares of Buffalo Wild Wings by 10.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 75 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Buffalo Wild Wings in the 1st quarter worth about $130,000. Riverhead Capital Management LLC raised its position in shares of Buffalo Wild Wings by 95.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,565 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 765 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Buffalo Wild Wings by 9.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,577 shares of the restaurant operator’s stock worth $200,000 after purchasing an additional 131 shares during the last quarter. Finally, ING Groep NV purchased a new position in shares of Buffalo Wild Wings in the 2nd quarter worth about $236,000. 88.18% of the stock is owned by hedge funds and other institutional investors.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $512.68 million. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share.

In related news, Director International Master F. Marcato acquired 9,100 shares of Buffalo Wild Wings stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $109.71 per share, with a total value of $998,361.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by corporate insiders.

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Several equities analysts have recently issued reports on BWLD shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $165.00 price target (down previously from $180.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th. UBS AG reissued a “buy” rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a research report on Monday, July 10th. Maxim Group decreased their target price on Buffalo Wild Wings from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $135.00 target price on shares of Buffalo Wild Wings in a research report on Friday, September 15th. Finally, TheStreet lowered Buffalo Wild Wings from a “b-” rating to a “c” rating in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $134.40.

Buffalo Wild Wings Company 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.

Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

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