Buffalo Wild Wings shares soar on report of takeover bid

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Oppenheimer Holdings, Inc. cut their price target on Buffalo Wild Wings from $165.00 to $135.00 and set an outperform rating on the stock in a research report on Thursday, July 27th.

Switch stock is among the worst NYSE losers, after the firm reported poorly received third-quarter earnings. The value of the total investment in Buffalo Wild Wings went from $83,023,000 to $50,153,000 decreasing 39.6% since the last quarter. Prudential Financial Inc. increased its holdings in Buffalo Wild Wings by 7.6% in the 1st quarter.

Now the stock price is moving -16.08% off from the highest level of twelve months and 54.68% above from twelve months low.


Bloomberg reports that Roark's offer was made on October 13 at a 48% premium to the share price of Buffalo Wild Wings on that date. On the flip side, the stock is -17.70% away from the 52 week high.

Several other equities analysts have also weighed in on BWLD. Equity analyst BMO Capital Markets issued a report on BWLD with a rating of "Hold" and a price target of $120.00. Barclays PLC boosted their price target on Buffalo Wild Wings from $128.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, October 26th. The company now has an average rating of "Hold" and an average price target of $134.67. In the last earnings report the EPS was $3.84 with 15.51M shares presently outstanding.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, October 25th.


Even with the potential for a $2.3 billion takeover offer from Roark Capital, the restaurant still has to sell a lot of wings with attractive margins to turn a profit. If you are viewing this piece of content on another site, it was stolen and republished in violation of US and worldwide copyright legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2017/11/14/buffalo-wild-wings-bwld-hold-rating-reaffirmed-at-wedbush.html. LS Investment Advisors LLC lifted its holdings in shares of Buffalo Wild Wings by 9.1% in the 2nd quarter. Prudential Financial Inc. now owns 80,365 shares of the restaurant operator's stock valued at $8,495,000 after acquiring an additional 69,334 shares during the last quarter.

Stocks in the Spotlight: Buffalo Wild Wings, Inc., (NASDAQ: BWLD), Nxstage Medical, Inc., (NASDAQ: NXTM), Delek US ... Public Employees Retirement System of OH lifted its holdings in Buffalo Wild Wings by 10.1% during the 2nd quarter. Marcato had accused Buffalo Wild Wings of ripping off franchisees, and nominated three directors to its board. 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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