Buffalo Wild Wings (BWLD) Receives Takeover Offer From Roark Capital

Chicken wings

Buffalo Wild Wings' shares rose almost 26 percent in premarket trading on Tuesday, a day after a report that the company received a $2.3 billion takeover bid from private-equity firm Roark Capital Group.

American International Group Inc reports that it sold 675 shares in the previous quarter decreasing its stake in Buffalo Wild Wings (BWLD) by 1.6%.

Buffalo Wild Wings shares surged by as much as 28% in extended trading on Monday following a Wall Street Journal report that the company received a takeover offer. A representative for Buffalo Wild Wings Inc. did not immediately respond to a request for comment. October 26 investment analysts at Wedbush held the company rating at "In-Line" with a current price target of $115.00. The stock has a consensus rating of Hold and a consensus price target of $131.57.

Buffalo Wild Wings (NASDAQ:BWLD) opened at $117.25 on Tuesday.

Buffalo Wild Wings (NASDAQ:BWLD) traded down $0.70 during trading hours on Thursday, reaching $118.85. Kennedy Management Inc stated it has 0.14% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD).

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Ratings analysis reveals 25% of Buffalo Wild Wings's analysts are positive. The restaurant operator reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.57. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. Buffalo Wild Wings's quarterly revenue was up.5% on a year-over-year basis.

The company raised its forecast for full-year earnings when it reported third-quarter results late in October. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation. 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.

A number of institutional investors have recently added to or reduced their stakes in BWLD. Bank of New York Mellon Corp increased its stake in shares of Buffalo Wild Wings by 0.8% in the 2nd quarter. As of the end of the quarter Amalgamated Bank had disposed of a total of 326 shares trimming its stake by 13.3%. Zacks Investment Research cut Buffalo Wild Wings from a "hold" rating to a "sell" rating in a research note on Friday, October 27th. Prudential Financial Inc. now owns 12,486 shares of the restaurant operator's stock worth $1,907,000 after acquiring an additional 886 shares in the last quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator's stock valued at $58,111,000 after purchasing an additional 13,689 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company's stock.

Buffalo Wild Wings, Inc.is the owner, operator and franchisor of restaurants.

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