Sit Investment Associates Inc. Has $547,000 Position in Buffalo Wild Wings, Inc. (NASDAQ:BWLD)

Sit Investment Associates Inc. cut its stake in Buffalo Wild Wings, Inc. (NASDAQ:BWLD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,315 shares of the restaurant operator’s stock after selling 75 shares during the period. Sit Investment Associates Inc.’s holdings in Buffalo Wild Wings were worth $547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWLD. BlackRock Inc. increased its position in Buffalo Wild Wings by 21,879.4% in the first quarter. BlackRock Inc. now owns 1,722,083 shares of the restaurant operator’s stock valued at $263,048,000 after buying an additional 1,714,248 shares during the period. Vanguard Group Inc. increased its position in Buffalo Wild Wings by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,409,524 shares of the restaurant operator’s stock valued at $215,305,000 after buying an additional 6,256 shares during the period. Clearbridge Investments LLC increased its position in Buffalo Wild Wings by 59.2% in the first quarter. Clearbridge Investments LLC now owns 824,911 shares of the restaurant operator’s stock valued at $126,005,000 after buying an additional 306,743 shares during the period. Dimensional Fund Advisors LP increased its position in Buffalo Wild Wings by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 444,951 shares of the restaurant operator’s stock valued at $67,965,000 after buying an additional 10,780 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Buffalo Wild Wings by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 347,568 shares of the restaurant operator’s stock valued at $53,090,000 after buying an additional 12,165 shares during the period. 95.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Buffalo Wild Wings, Inc. (NASDAQ:BWLD) traded down 1.23% during mid-day trading on Friday, hitting $108.70. 345,712 shares of the stock were exchanged. Buffalo Wild Wings, Inc. has a 12-month low of $105.10 and a 12-month high of $175.10. The firm has a 50-day moving average price of $117.48 and a 200 day moving average price of $142.53. The company has a market capitalization of $1.68 billion, a PE ratio of 27.53 and a beta of 0.86.

Buffalo Wild Wings (NASDAQ:BWLD) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by $0.35. Buffalo Wild Wings had a net margin of 3.39% and a return on equity of 17.14%. The firm had revenue of $500 million during the quarter, compared to the consensus estimate of $512.68 million. During the same period in the prior year, the business posted $1.27 earnings per share. Buffalo Wild Wings’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Buffalo Wild Wings, Inc. will post $4.54 earnings per share for the current year.

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BWLD has been the topic of several analyst reports. Maxim Group reissued a “hold” rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a research report on Tuesday, May 9th. Cowen and Company reissued a “market perform” rating and issued a $110.00 target price (down from $150.00) on shares of Buffalo Wild Wings in a research report on Thursday, July 27th. Barclays PLC dropped their target price on shares of Buffalo Wild Wings from $165.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. Citigroup Inc. reissued a “neutral” rating and issued a $161.00 target price (down from $162.00) on shares of Buffalo Wild Wings in a research report on Monday, May 15th. Finally, UBS AG reaffirmed a “buy” rating and set a $175.00 price objective (down from $185.00) on shares of Buffalo Wild Wings in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $141.78.

In other news, Director International Master F. Marcato bought 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average cost of $109.71 per share, with a total value of $998,361.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.19% of the stock is currently owned by company insiders.

About Buffalo Wild Wings

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.

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

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