Russell Investments Group Ltd. Raises Position in Buffalo Wild Wings, Inc. (BWLD)

Russell Investments Group Ltd. increased its holdings in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,391 shares of the restaurant operator’s stock after purchasing an additional 1,143 shares during the period. Russell Investments Group Ltd. owned 0.06% of Buffalo Wild Wings worth $1,317,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tyers Asset Management LLC grew its position in shares of Buffalo Wild Wings by 6.3% in the first quarter. Tyers Asset Management LLC now owns 748 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 44 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Buffalo Wild Wings by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 765 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 75 shares during the period. FNY Managed Accounts LLC purchased a new stake in shares of Buffalo Wild Wings in the first quarter valued at $130,000. Flinton Capital Management LLC grew its position in shares of Buffalo Wild Wings by 6.3% in the first quarter. Flinton Capital Management LLC now owns 952 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 56 shares during the period. Finally, Neuburgh Advisers LLC grew its position in shares of Buffalo Wild Wings by 6.3% in the first quarter. Neuburgh Advisers LLC now owns 1,156 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 68 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on BWLD. UBS AG reissued a “buy” rating and set a $175.00 price target (down previously from $185.00) on shares of Buffalo Wild Wings in a research report on Monday, June 12th. Deutsche Bank AG set a $180.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Sunday, May 28th. BMO Capital Markets reissued a “market perform” rating and set a $150.00 price target (down previously from $155.00) on shares of Buffalo Wild Wings in a research report on Monday, June 5th. Wedbush raised Buffalo Wild Wings from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a research report on Thursday, July 20th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $145.00 target price on shares of Buffalo Wild Wings in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $141.67.

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Shares of Buffalo Wild Wings, Inc. (BWLD) traded up 2.709% during mid-day trading on Friday, hitting $107.125. The stock had a trading volume of 1,059,524 shares. Buffalo Wild Wings, Inc. has a one year low of $95.00 and a one year high of $175.10. The firm has a 50 day moving average of $106.68 and a 200 day moving average of $135.43. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 27.134 and a beta of 0.86.

Buffalo Wild Wings (NASDAQ:BWLD) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.35). The firm had revenue of $500.00 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.27 earnings per share. On average, analysts forecast that Buffalo Wild Wings, Inc. will post $4.53 earnings per share for the current year.

In related news, Director International Master F. Marcato purchased 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average price of $109.71 per share, for a total transaction of $998,361.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.19% of the stock is currently owned by corporate insiders.

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.

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

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