Hedge fund says Buffalo Wild Wings CEO is 'out to lunch'

Andrew Cummings
April 21, 2017

It has outperformed by 42.88% the S&P500. Equities analysts expect that Buffalo Wild Wings will post $5.76 earnings per share for the current fiscal year. About 123,912 shares traded.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its quarterly earnings data on Tuesday, February 7th. First Bancorp had 5 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Wednesday, December 14 by RBC Capital Markets. Wells Fargo upgraded the stock to "Outperform" rating in Friday, February 26 report. The fund owned 3,120 shares of the restaurant operator's stock after selling 9,770 shares during the period. The Firm provides a product offering of over 20,000 stock keeping units of wallboard, ceilings and complementary interior construction products for interior contractors.

As a part of the Buffalo Wild Wings Team Up for Kids® mission, the restaurant will donate 10 percent of total sales that day along with 100 percent of all guest donations made.

BTIG lowered its 1Q17 company and franchised same-store sales forecast to 1.0% from 2.0%, but remained above consensus of 0.5%, as the firm believes the timing of Easter and the shift of consumer spending into March from February likely drove a strong finish to the quarter. 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. It has a 197.01 P/E ratio.

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.63, from 1.63 in 2016Q3.

Buffalo Wild Wings Inc. said on Wednesday that Judith Shoulak, the company's executive vice president and president of North America would retire effective June 30.

Community members are invited to visit the restaurant to join in on the Community Day celebrations and help raise funds to support sports programs for the youth in Kern County. Highvista Strategies Ltd Liability, a Massachusetts-based fund reported 6,681 shares. 225,280 shares of the company were exchanged. 21,078 were accumulated by Manufacturers Life The. Wesbanco Financial Bank Inc holds 3,950 shares or 0.03% of its portfolio.

Earlier this week Marcato offered to withdraw that slate if Buffalo Wild Wings agreed to remove Smith and accept two of the nominees, Mick McGuire, Marcato's managing partner, and Sam Rovit, an industry veteran who is acceptable to the company. Pillar Pacific Capital Management Ltd invested in 2,400 shares or 0.06% of the stock. Parametric Assoc Lc holds 33,833 shares or 0.01% of its portfolio. Federated Investors Pa stated it has 35,193 shares or 0% of all its holdings. Jpmorgan Chase And holds 0% or 40,938 shares in its portfolio. 120,092 are owned by Morgan Stanley. The restaurant operator reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $1.27 by $0.40. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 2,695 shares or 0.01% of its portfolio. Teachers Retirement System Of The State Of Kentucky reported 4,950 shares or 0.01% of all its holdings.

Shares of Buffalo Wild Wings (bwld) were up 4.1% in recent trading on Marcato's most recent demands. It is positive, as 16 investors sold FBP shares while 39 reduced holdings. Northwestern Mutual Wealth owns 0% invested in Buffalo Wild Wings (NASDAQ:BWLD) for 894 shares. Citigroup maintained it with "Neutral" rating and $175 target in Tuesday, September 13 report. The firm has "Buy" rating by UBS given on Thursday, October 29. Stephens maintained the stock with "Overweight" rating in Wednesday, April 27 report. Maxim Group maintained Buffalo Wild Wings (NASDAQ:BWLD) rating on Thursday, February 4. Wedbush reaffirmed a "neutral" rating on shares of Buffalo Wild Wings in a research note on Tuesday, February 14th. Finally, BMO Capital Markets restated a "hold" rating and set a $185.00 target price on shares of Buffalo Wild Wings in a report on Friday, March 24th.

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