13GD Alert: Richard Mcguire’s Marcato Capital Management Lp Just Disclosed New Buffalo Wild Wings Inc Position

13GD Alert: Richard Mcguire's Marcato Capital Management Lp Just Disclosed New Buffalo Wild Wings Inc Position

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: 000091412116001566. 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 13, 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.

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 worsened, 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.

Nicholas Company Inc Wi last reported 22,410 shares in the company. The Connecticut-based Greenwich Wealth Management Limited Liability Corp has invested 0.19% in Buffalo Wild Wings (NASDAQ:BWLD). Schwab Charles Investment Management accumulated 0.01% or 79,784 shares. Moreover, Tiaa Cref Investment Ltd Llc has 0.01% invested in Buffalo Wild Wings (NASDAQ:BWLD) for 81,718 shares. Pioneer Inv Mgmt Inc has 0.02% invested in the company for 47,832 shares. Artisan Prns L P reported 55,006 shares or 0.02% of all its holdings. Geneva Advsrs Ltd Limited Liability Company holds 0.02% or 7,173 shares in its portfolio. Moreover, Cooper Creek Prtn Management Limited Liability Corp has 3% invested in Buffalo Wild Wings (NASDAQ:BWLD) for 34,115 shares. Goldman Sachs has 101,250 shares for 0% of their US portfolio. Comerica Comml Bank holds 0.01% or 10,116 shares in its portfolio. Bronson Point Management Lc holds 27,000 shares or 1.26% of its portfolio. Advsr Asset Mgmt holds 0.01% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 4,419 shares. Royal Savings Bank Of Canada has 0.03% invested in the company for 360,063 shares. Arcadia Invest Mgmt Mi last reported 0.56% of its portfolio in the stock. Stonebridge Cap Advsr Ltd holds 3,770 shares or 0.18% of its portfolio.

Insider Transactions: Since April 15, 2016, the stock had 0 buys, and 18 insider sales for $2.93 million net activity. 100 shares were sold by Decker Emily C., worth $16,185. Shares for $218,615 were sold by SMITH SALLY J. Shares for $200,883 were sold by SHOULAK JUDITH A on Monday, May 16. MACK WARREN E sold $136,475 worth of stock. Shares for $116,250 were sold by Block Andrew D.. $175,595 worth of Buffalo Wild Wings (NASDAQ:BWLD) shares were sold by Patterson Lee R.. Shares for $50,808 were sold by MAGGARD J OLIVER on Thursday, August 4.

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 $22.69M for 28.09 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 0.49% or $0.68 during the last trading session, hitting $139.34. Buffalo Wild Wings (NASDAQ:BWLD) has declined 13.39% since March 11, 2016 and is downtrending. It has underperformed by 18.85% 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 $2.55 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 26.18 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 21.32% above today’s ($139.34) stock price. Buffalo Wild Wings has been the topic of 63 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, February 4 by Barclays Capital. Stephens maintained Buffalo Wild Wings (NASDAQ:BWLD) rating on Wednesday, April 27. Stephens has “Overweight” rating and $175 price target. The firm earned “Neutral” rating on Friday, July 24 by Dougherty & Company. The firm has “Market Perform” rating given on Wednesday, April 27 by Cowen & Co. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 29 report. The stock of Buffalo Wild Wings (NASDAQ:BWLD) has “Outperform” rating given on Wednesday, August 19 by Oppenheimer. The firm has “Market Perform” rating by Telsey Advisory Group given on Tuesday, September 29. The rating was maintained by UBS with “Buy” on Thursday, October 29. The firm earned “Outperform” rating on Thursday, October 29 by Oppenheimer. On Tuesday, August 2 the stock rating was downgraded by Maxim Group to “Hold”.

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 Cnbc.com with their article: “Activist hedge fund manager McGuire says Buffalo Wild Wings could triple” published on October 05, 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: Reuters.com and their article: “BRIEF-Marcato sends letter to Buffalo Wild Wings board” published on October 13, 2016 as well as Cnbc.com‘s news article titled: “Buffalo Wild Wings served fried chicken head to Green Bay Packers’ player” with publication date: October 07, 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.

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