Buffalo Wild Wings shares soar amid report of takeover attempt

Lloyd Doyle
November 14, 2017

They now have an overweight rating on the restaurant operator's stock.

About 2,638 shares traded.

Several equities research analysts recently commented on the company.

Buffalo Wild Wings' shares rose almost 26 percent in premarket trading on Tuesday, a day after a report that the company received a $2.3 billion takeover bid from private-equity firm Roark Capital Group.

The news on Monday sent Buffalo Wild Wings shares up by as much as 28% in after-hours trading. After $1.36 actual EPS reported by Buffalo Wild Wings for the previous quarter, Wall Street now forecasts 13.24% EPS growth.

Somebody's got a hankering for chicken wings. On October 26 Wedbush left the stock rating at "In-Line" projecting a price of $115.00. The company has a consensus rating of "Hold" and an average target price of $131.57.

Investors are feeling more bearish on Buffalo Wild Wings as shown by the change in short interest.

The company is down from yesterday's close of 118.85. Buffalo Wild Wings earned a daily sentiment score of 0.19 on Accern's scale. Buffalo Wild Wings has a 52-week low of $95.00 and a 52-week high of $175.10.

Analysts await Buffalo Wild Wings (NASDAQ:BWLD) to report earnings on February, 6. The restaurant operator reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.57. The firm had revenue of $496.70 million for the quarter, compared to analysts' expectations of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. The business's revenue for the quarter was up.5% on a year-over-year basis. Stephens lowered shares of Buffalo Wild Wings from an overweight rating to an equal weight rating and lowered their price target for the company from $195.00 to $145.00 in a research note on Wednesday, July 5th. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and global copyright & trademark law. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/14/buffalo-wild-wings-inc-bwld-rating-reiterated-by-mizuho.html. Amalgamated Bank now controls 2,131 shares worth $225,000. Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a report on Thursday, July 6th. Pacad Investment Ltd. now owns 9,400 shares of the restaurant operator's stock valued at $1,191,000 after purchasing an additional 1,800 shares during the last quarter. Quantbot Technologies Lp now holds 3,605 shares with a value of $381,000. Finally, Teachers Advisors LLC raised its stake in Buffalo Wild Wings by 3.6% during the first quarter. Hedge funds and other institutional investors own 89.14% of the company's stock.

The company's Chief Executive Sally Smith said she would retire by the end of the year after Marcato won a bitter proxy battle in June that put three of its directors on the chicken-wing restaurant's board. 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.

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