Filing Summary: Buffalo Wild Wings Inc Has Another Bullish Trade, Richard Mcguire’s Marcato Capital Management Lp Bought Stake!

Filing Summary: Buffalo Wild Wings Inc Has Another Bullish Trade, Richard Mcguire's Marcato Capital Management Lp Bought Stake!

The New Richard Mcguire’s Marcato Capital Management Lp Holding in Buffalo Wild Wings Inc

Marcato Capital Management Lp filed with the SEC SC 13D/A form for Buffalo Wild Wings Inc. The form can be accessed here: 000091412116001514. As reported in Richard Mcguire’s Marcato Capital Management Lp’s form, the filler as of late owns 5.2% or 950,000 shares of the Consumer Discretionary–company.

Buffalo Wild Wings Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 5, 2016. We feel this shows Richard Mcguire’s Marcato Capital Management Lp’s positive view for the stock. For a hedge fund managing $3.47 billion in assets and having 15+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Richard Mcguire’s Marcato Capital Management Lp’s US equities portfolio is in this sector.

Reasons Why Richard Mcguire’s Marcato Capital Management Lp Bought – Buffalo Wild Wings Inc Stock

Purpose of Transaction

Attached hereto at Exhibit G is a presentation made by Marcato at the “Sohn San Francisco Investment Conference” on October 5, 2016.

Buffalo Wild Wings Inc Institutional Sentiment

Latest Security and Exchange filings show 254 investors own Buffalo Wild Wings Inc. The institutional ownership in Q3 2015 is very high, at 142.48% of the outstanding shares. This is increased by 9836780 the total institutional shares. 26073330 were the shares owned by these institutional investors. In total 41 funds opened new Buffalo Wild Wings Inc stakes, 79 increased stakes. There were 38 that closed positions and 99 reduced them.

7 managers had the stock in their top Ten. Notable investors are: Tyvor Capital Llc, Armistice Capital Llc, Quantitative Systematic Strategies Llc..

Jw Asset Management Llc is an institutional investor bullish on Buffalo Wild Wings Inc, owning 31180 shares as of Q3 2015 for 2.18% of its portfolio. Rosenblum Silverman Sutton S F Inc owns 33955 shares or 3.13% of its portfolio. MN Summit Creek Advisors Llc have 3.18% of their stock portfolio for 101311 shares. Further, Chilton Investment Co Llc reported stake worth 3.30% of its US stock portfolio. The CT Pier Capital Llc owns 42844 shares. Buffalo Wild Wings Inc is 1.35% of the manager’s US portfolio.

Business Profile

Buffalo Wild Wings, Inc. (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar. Its restaurants include a multi-media system, a bar and an open layout. It operates Buffalo Wild Wings, R Taco and PizzaRev restaurants, as well as sells Buffalo Wild Wings and R Taco restaurant franchises.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Richard Mcguire’s Marcato Capital Management Lp website.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.23, from 1.18 in 2016Q1. The ratio dropped, as 42 funds sold all Buffalo Wild Wings shares owned while 81 reduced positions. 29 funds bought stakes while 88 increased positions. They now own 16.95 million shares or 0.62% less from 17.05 million shares in 2016Q1.

Blackrock last reported 0% of its portfolio in the stock. Qs Invsts Ltd Liability Company last reported 2 shares in the company. Bessemer last reported 50 shares in the company. Bnp Paribas Inv Prtnrs Sa owns 25,203 shares or 0.03% of their US portfolio. Amer Grp Incorporated Inc owns 46,742 shares or 0% of their US portfolio. Envestnet Asset Inc owns 30,196 shares or 0.02% of their US portfolio. Cim Mangement Incorporated last reported 2,585 shares in the company. New York State Common Retirement Fund last reported 52,997 shares in the company. Advantus Cap has 2,280 shares for 0.01% of their US portfolio. California State Teachers Retirement Systems has 39,800 shares for 0.01% of their US portfolio. Shellback Lp holds 25,000 shares or 0.45% of its portfolio. Manchester Capital Ltd Liability holds 0.03% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 1,300 shares. Dimensional Fund Advisors Lp last reported 424,258 shares in the company. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Buffalo Wild Wings (NASDAQ:BWLD). Suffolk Cap Lc reported 16,645 shares or 0.3% of all its holdings.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 19 insider sales for $3.08 million net activity. 1,000 shares with value of $136,475 were sold by MACK WARREN E on Tuesday, May 3. Shares for $134,514 were sold by Sorum B Jeffrey on Wednesday, July 27. SMITH SALLY J sold $204,818 worth of stock or 1,500 shares. Another trade for 750 shares valued at $116,250 was made by Block Andrew D. on Monday, July 25. SCHMIDT JAMES M also sold $126,000 worth of Buffalo Wild Wings (NASDAQ:BWLD) on Monday, August 1. Decker Emily C. sold $16,185 worth of Buffalo Wild Wings (NASDAQ:BWLD) on Thursday, September 1. Benning Kathleen M sold $326,045 worth of stock or 2,000 shares.

Analysts await Buffalo Wild Wings (NASDAQ:BWLD) to report earnings on October, 26. They expect $1.24 EPS, up 24.00% or $0.24 from last year’s $1 per share. BWLD’s profit will be $22.64M for 28.49 P/E if the $1.24 EPS becomes a reality. After $1.27 actual EPS reported by Buffalo Wild Wings for the previous quarter, Wall Street now forecasts -2.36% negative EPS growth.

The stock increased 0.68% or $0.95 during the last trading session, hitting $141.3. About 10 shares traded hands. Buffalo Wild Wings (NASDAQ:BWLD) has declined 15.08% since March 3, 2016 and is downtrending. It has underperformed by 23.42% the S&P500.

Buffalo Wild Wings, Inc. is an owner, operator and franchisor of restaurants featuring various menu items. The company has a market cap of $2.58 billion. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. It has a 26.55 P/E ratio. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.

Buffalo Wild Wings (NASDAQ:BWLD) Ratings Coverage

Out of 25 analysts covering Buffalo Wild Wings (NASDAQ:BWLD), 11 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 44% are positive. $230 is the highest target while $130 is the lowest. The $169.05 average target is 19.64% above today’s ($141.3) stock price. Buffalo Wild Wings has been the topic of 63 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Raymond James downgraded Buffalo Wild Wings (NASDAQ:BWLD) on Monday, October 12 to “Market Perform” rating. Goldman Sachs maintained it with “Buy” rating and $166 target price in Wednesday, April 27 report. The firm has “Outperform” rating given on Wednesday, August 19 by Oppenheimer. The rating was downgraded by Dougherty & Company on Friday, July 24 to “Neutral”. The firm has “Mixed” rating by OTR Global given on Thursday, July 23. The stock of Buffalo Wild Wings (NASDAQ:BWLD) has “Neutral” rating given on Thursday, February 4 by Longbow. The rating was downgraded by BTIG Research to “Neutral” on Wednesday, January 27. The firm has “Underperform” rating given on Wednesday, April 27 by CLSA. The firm has “Buy” rating by Maxim Group given on Thursday, October 29. BMO Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 17 report.

More notable recent Buffalo Wild Wings (NASDAQ:BWLD) news were published by: Cnbc.com which released: “Activist hedge fund manager McGuire says Buffalo Wild Wings could triple” on October 05, 2016, also Barrons.com with their article: “Buffalo Wild Wings Looks Tame Next to Darden” published on October 03, 2016, Barrons.com published: “Are NFL Ratings Red Flag For Buffalo Wild Wings?” on September 30, 2016. More interesting news about Buffalo Wild Wings (NASDAQ:BWLD) were released by: Businessinsider.com and their article: “Here’s the brutal presentation that an activist investor just published about …” published on August 17, 2016 as well as Thestreet.com‘s news article titled: “Buffalo Wild Wings Slashes Chicken Prices In Bid To Fatten Sales” with publication date: September 06, 2016.

According to Zacks Investment Research, “Buffalo Wild Wing is an owner, operator and franchisor of restaurants featuring a variety of boldly flavored, made-to-order menu items including Buffalo New York-style chicken wings spun in one of their signature sauces. The widespread appeal of the Company’s concept establishes its restaurants as an inviting, neighborhood destination.”

BWLD Company Profile

Buffalo Wild Wings, Inc. (Buffalo Wild Wings), incorporated on December 19, 1995, is an owner, operator and franchisor of restaurants featuring various menu items, including its Buffalo, New York-style chicken wings. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment