Shares of Buffalo Wild Wings soar on bid reports

Source Buffalo Wild Wings

Source Buffalo Wild Wings

On Tuesday, shares of Buffalo Wild Wings (BWLD - Free Report) are soaring, up around 24% to $145.50 per share in midday trading after Roark Capital Group, the private equity firm that owns Arby's, Carl's Jr., and other fast-food brands, made a significant takeover bid for the chicken wing chain.

The company's shares had lost value in each of the past two years, following a seven-year streak of gains. Buffalo's management could view it favorably as the stock's current price presents limited scope for same-store sales growth and margin trajectory, they said in a client note. The value of the investment in Buffalo Wild Wings decreased from $1,330,000 to $381,000 a change of $949,000 for the reporting period. Buffalo Wild Wings earned a daily sentiment score of 0.19 on Accern's scale. 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. The correct version of this story can be read at NasdaqGS:BWLD is 7.04029. A lower price to book ratio indicates that the stock might be undervalued.

The Roark proposal was made on October 13 at a 48 percent premium to Buffalo Wild Wings's share price at the time, according to the person familiar with the situation.

Shares of Buffalo Wild Wings (BWLD) traded down $0.70 on Thursday, hitting $118.85. The Price to Cash Flow for Buffalo Wild Wings, Inc. "(BWLD) Price Target Raised to $133.00 at Barclays PLC" was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of global copyright and trademark laws.

A number of institutional investors have recently added to or reduced their stakes in BWLD. Credit Agricole S A acquired a new position in Buffalo Wild Wings during the first quarter worth $424,000.

Shifting gears, we can see that Buffalo Wild Wings, Inc. Bank of New York Mellon Corp increased its stake in shares of Buffalo Wild Wings by 0.8% in the 2nd 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. Finally, Teachers Advisors LLC boosted its stake in shares of Buffalo Wild Wings by 142.0% during the second quarter. Wells Fargo & Company/mn now owns 1,972 shares valued at $208,000. The Shareholder Yield (Mebane Faber) of Buffalo Wild Wings, Inc. 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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