Chartwell Investment Partners LLC Sells 2,110 Shares of Buffalo Wild Wings (BWLD)

Chartwell Investment Partners LLC reduced its position in Buffalo Wild Wings (NASDAQ:BWLD) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,415 shares of the restaurant operator’s stock after selling 2,110 shares during the period. Chartwell Investment Partners LLC owned approximately 0.38% of Buffalo Wild Wings worth $9,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio bought a new position in shares of Buffalo Wild Wings in the 4th quarter worth $109,000. Public Employees Retirement System of Ohio raised its position in Buffalo Wild Wings by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 842 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 77 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Buffalo Wild Wings in the 3rd quarter valued at $148,000. ING Groep NV purchased a new stake in Buffalo Wild Wings in the 4th quarter valued at $366,000. Finally, Commonwealth Equity Services Inc raised its position in Buffalo Wild Wings by 54.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 2,481 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 874 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

In other news, Director International Master F. Marcato acquired 950,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of $156.60 per share, with a total value of $148,770,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director International Master F. Marcato sold 987,284 shares of Buffalo Wild Wings stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $155.57, for a total value of $153,591,771.88. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

BWLD has been the subject of a number of analyst reports. Telsey Advisory Group increased their price target on Buffalo Wild Wings from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, October 26th. Maxim Group increased their price target on Buffalo Wild Wings from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. UBS Group set a $140.00 price target on Buffalo Wild Wings and gave the company a “buy” rating in a research report on Thursday, October 26th. Wedbush reissued an “in-line” rating and issued a $115.00 price target (up from $110.00) on shares of Buffalo Wild Wings in a research report on Thursday, October 26th. They noted that the move was a valuation call. 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. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $146.09.

Shares of Buffalo Wild Wings (BWLD) opened at $156.95 on Friday. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $165.70. The stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 40.87, a PEG ratio of 1.72 and a beta of 0.88. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.70.

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Buffalo Wild Wings Company Profile

Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. 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. The Company’s restaurants offer 20 to 40 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines and liquor.

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Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

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