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Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital

14 November 2017

On October 27 Mizuho kept the company rating at "Hold" targeting a price of $120.00. They now have a $120.00 price objective on the restaurant operator's stock. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. Deutsche Bank AG reaffirmed a buy rating and set a $180.00 target price on shares of Buffalo Wild Wings in a report on Wednesday, June 28th.

Shares of Buffalo Wild Wings spiked almost 30% after the close on the stock market today, after ending Monday's session down 1.4% at 117.25. That's helped Buffalo Wild Wings sidestep a surge in wing prices. Finally, Dougherty & Co raised 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. Equity analyst Maxim Group raised the price target on October 26 changing the price objective from $145.00 to $160.00 with a rating of "Buy". On October 26, 2017 BMO Capital Markets released guidance on BWLD with a rating of "Hold" and setting a price target of $120.00.

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Traders are more bearish recently if you consider the change in short interest. The company has a market cap of $1,843.63, a P/E ratio of 27.45, a P/E/G ratio of 1.46 and a beta of 0.79. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.70 and a quick ratio of 0.61.

In going after Buffalo Wild Wings, the investment firm is eyeing a company on the rebound.

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Buffalo Wild Wings (NASDAQ:BWLD) opened at $117.25 on Tuesday. They expect $1.54 EPS, up 77.01% or $0.67 from last year's $0.87 per share. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. It has underperformed by 5.50% the S&P500.The move comes after 8 months positive chart setup for the $2.27B company. During the same quarter last year, the business posted $1.23 EPS. analysts forecast that Buffalo Wild Wings will post 4.98 earnings per share for the current fiscal year. Chilton Investment Limited Liability Corp holds 0.38% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 77,313 shares. If you are viewing this piece of content on another site, it was stolen and republished in violation of USA and global copyright legislation. It is positive, as 41 investors sold TWX shares while 376 reduced holdings. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000. The Alpine Associates Management Inc holds 2.44M shares with $237.98 million value, up from 115,800 last quarter. Amalgamated Bank trimmed its ownership by selling 326 shares a decrease of 13.3%. Dimensional Fund Advisors LP increased its stake in shares of Buffalo Wild Wings by 3.1% in the 2nd quarter. Wells Fargo & Company/mn now owns 1,972 shares valued at $208,000. 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.

Buffalo Wild Wings has already had to move away from its strategy of a majority of company-owned stores into a more capital-light franchise model.

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Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital