Buffalo Wild Wings CEO To Retire, Marcato Nominees Elected To Board

Andrew Cummings
June 4, 2017

Its down 0.01, from 0.82 in 2016Q3.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc reported 473,091 shares. Northwestern Mutual Wealth Mngmt stated it has 894 shares. Equities research analysts forecast that Buffalo Wild Wings will post $5.54 earnings per share for the current year. Insiders own 1.19% of the company's stock. State Of Tennessee Treasury Department has 27,000 shares. BMO Capital Markets restated a "hold" rating and issued a $185.00 target price on shares of Buffalo Wild Wings in a research note on Friday, March 24th. 13,276 are held by Texas Permanent School Fund. Alyeska Invest LP holds 0.1% or 74,571 shares. Shaker Investments Oh accumulated 1.2% or 9,842 shares.

"I am proud of Buffalo Wild Wings' tremendous success", she said in a news release.

The decision by Smith to step aside from the CEO perch she has held over two decades after spending most of the last 12 months attempting to fend off the demands of Marcato Capital Management that have called for change, underscores how strongly the message of the activist investor has resonated with the rest of the company's shareholders. Nationwide Fund Advisors, Pennsylvania-based fund reported 42,093 shares.

Since December 15, 2016, it had 0 buys, and 11 sales for $1.54 million activity.

Buffalo Wild Wings (BWLD) opened at 149.75 on Friday. DAMIAN JAMES M had sold 200 shares worth $31,480. Finally, Legato Capital Management LLC raised its position in Buffalo Wild Wings by 15,175.0% in the first quarter. Cooper Creek Partners Management Llc sold 21,704 shares as the company's stock declined 4.06% while stock markets rallied.

Want to see what other hedge funds are holding BWLD? Fmr Lc has 0.05% invested in Buffalo Wild Wings (NASDAQ:BWLD) for 2.55 million shares. The stock rose 4.51% or $6.76 reaching $156.51.

The shakeup sent the shares up 1.7 percent to $152.35. Buffalo Wild Wings now has an average rating of "Hold" and an average price target of $161.53. It has underperformed by 5.50% the S&P500.

Buffalo Wild Wings (NASDAQ:BWLD) last posted its earnings results on Wednesday, April 26th. BTIG Research maintained the shares of BWLD in report on Wednesday, August 26 with "Buy" rating.

Shares of BWLD are up 2.44% after rumors of a Marcato sale drove them down about an hour ago.

"Now's the time where some new blood is needed", said restaurant industry analyst Stephen Anderson, who added that the company needed to keep menu prices down and to add more discipline around cost controls. Based on a recent bid, the stock is trading -12.99% away from it's 52- week high and 14.26% away from its 52 week low. Therefore 46% are positive. Feltl & Co. downgraded Buffalo Wild Wings from a "buy" rating to a "hold" rating in a report on Wednesday, February 8th. The stock has "Buy" rating by Maxim Group on Monday, October 19. The rating was downgraded by OTR Global on Thursday, July 23 to "Mixed". The stock has "Market Perform" rating by Telsey Advisory Group on Thursday, October 29. The stock has "Neutral" rating by Longbow on Thursday, February 4. Barclays PLC cut their price target on Buffalo Wild Wings from $195.00 to $177.00 and set an "overweight" rating on the stock in a report on Wednesday, February 8th.

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