Some Traders See Unusual Bearish Options Activity in Buffalo Wild Wings

 Some Traders See Unusual Bearish Options Activity in Buffalo Wild Wings

In today’s session Buffalo Wild Wings (BWLD) recorded an unusually high (1,247) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious BWLD decrease. With 1,247 contracts traded and 4574 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: BWLD161021P00135000 closed last at: $2.7 or 45.9% up. About 162,327 shares traded hands. Buffalo Wild Wings (NASDAQ:BWLD) has declined 15.05% since March 8, 2016 and is downtrending. It has underperformed by 24.36% the S&P500.

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 $23.03M for 27.78 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.

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. Buffalo Wild Wings has been the topic of 63 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, October 19 by Maxim Group. The stock has “Buy” rating given by BTIG Research on Wednesday, August 26. The firm has “Neutral” rating by Dougherty & Company given on Friday, July 24. The company was maintained on Thursday, October 29 by Credit Suisse. The company was maintained on Wednesday, August 17 by Deutsche Bank. Oppenheimer maintained Buffalo Wild Wings (NASDAQ:BWLD) on Thursday, October 29 with “Outperform” rating. On Thursday, February 4 the stock rating was maintained by Barclays Capital with “Overweight”. As per Friday, September 30, the company rating was maintained by Maxim Group. The firm earned “Outperform” rating on Wednesday, April 27 by Robert W. Baird. Citigroup maintained it with “Neutral” rating and $175 target price in Tuesday, September 13 report.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.23, from 1.18 in 2016Q1. The ratio turned negative, 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.
Proshare Advsr Lc last reported 0.01% of its portfolio in the stock. Parallax Volatility Advisers Limited Partnership owns 45,834 shares or 0.01% of their US portfolio. The Missouri-based Century has invested 0% in Buffalo Wild Wings (NASDAQ:BWLD). Swiss National Bank & Trust has 0.01% invested in the company for 30,800 shares. Bronson Point Management Ltd holds 1.26% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 27,000 shares. Ls Investment Advsrs Ltd, a Michigan-based fund reported 1,169 shares. California State Teachers Retirement System holds 0.01% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 39,800 shares. Retirement Systems Of Alabama accumulated 0.02% or 24,285 shares. Aqr Lc accumulated 41,238 shares or 0.01% of the stock. Wesbanco Savings Bank Inc has 4,450 shares for 0.04% of their US portfolio. Cypress Funds Limited Liability accumulated 50,000 shares or 1.64% of the stock. Davidson Kempner Mngmt L P accumulated 0.39% or 62,500 shares. Wells Fargo & Mn has 0.01% invested in the company for 263,892 shares. Fincl Bank Of New York Mellon Corp, a New York-based fund reported 344,239 shares. Mathes Com Inc holds 3,225 shares or 0.26% of its portfolio.

Insider Transactions: Since April 15, 2016, the stock had 0 buys, and 19 selling transactions for $3.08 million net activity. The insider MACK WARREN E sold 300 shares worth $49,815. On Friday, April 15 the insider SMITH SALLY J sold $147,480. On Monday, July 25 the insider Block Andrew D. sold $116,250. Shares for $326,045 were sold by Benning Kathleen M. Shares for $200,883 were sold by SHOULAK JUDITH A on Monday, May 16. Sorum B Jeffrey also sold $134,514 worth of Buffalo Wild Wings (NASDAQ:BWLD) shares. $16,185 worth of Buffalo Wild Wings (NASDAQ:BWLD) was sold by Decker Emily C. on Thursday, September 1.

Buffalo Wild Wings, Inc. is an owner, operator and franchisor of restaurants featuring various menu items. The company has a market cap of $2.56 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 25.89 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.

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.

More notable recent Buffalo Wild Wings (NASDAQ:BWLD) news were published by: Wsj.com which released: “Buffalo Wild Wings Shuffles Board” on October 11, 2016, also Reuters.com with their article: “BRIEF-Buffalo Wild Wings announces three new independent directors” published on October 11, 2016, Cnbc.com published: “Activist investor: Buffalo Wild Wings share price could triple in a few years” on October 06, 2016. More interesting news about Buffalo Wild Wings (NASDAQ:BWLD) were released by: Cnbc.com and their article: “Activist hedge fund manager McGuire says Buffalo Wild Wings could triple” published on October 05, 2016 as well as Fool.com‘s news article titled: “Why Buffalo Wild Wings’ Stock Fell 13% in September” with publication date: October 08, 2016.

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