Economy

Buffalo Wild Wings receives US$2.3B takeover offer from Roark Capital

Buffalo Wild Wings receives US$2.3B takeover offer from Roark Capital”

The value of the investment in Buffalo Wild Wings decreased from $347,000 to $208,000 a change of 40.1% since the last quarter.

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

Several equities research analysts recently commented on the company.

Barclays is reportedly working as Roark's financial adviser, while Goldman Sachs is working with Buffalo Wild Wings. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. Buffalo Wild Wings's P/E ratio is 30.61 and the market cap of the company is 1.82B. As of the last earnings report the EPS was $3.84 with 15.51M shares presently outstanding. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. Finally, Telsey Advisory Group restated an outperform rating and set a $145.00 price objective (down previously from $175.00) on shares of Buffalo Wild Wings in a report on Monday, July 10th. UBS AG reissued a "buy" rating and set a $175.00 price target on shares of Buffalo Wild Wings in a research report on Monday, July 10th. On October 26 Wedbush left the stock rating at "In-Line" projecting a price of $115.00. Buffalo Wild Wings now has a consensus rating of Hold and a consensus price target of $131.57. 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. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and worldwide 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. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000. Amalgamated Bank trimmed its ownership by selling 326 shares a decrease of 13.3%. Bank of New York Mellon Corp increased its stake in shares of Buffalo Wild Wings by 0.8% in the 2nd quarter. Zacks Investment Research cut Buffalo Wild Wings from a "hold" rating to a "sell" rating in a research note on Friday, October 27th. The restaurant chain was worth $1.8 billion as at the market close on Monday. Teachers Advisors LLC now owns 48,169 shares of the restaurant operator's stock valued at $7,358,000 after buying an additional 1,695 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in shares of Buffalo Wild Wings in the 2nd quarter valued at $5,092,000. Institutional investors and hedge funds own 89.14% of the company's stock.

Marcato had accused Buffalo Wild Wings of ripping off franchisees, and nominated three directors to its board.



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