Shares of Buffalo Wild Wings soar on bid reports

Buffalo Wild Wings Soars on Report That Roark Capital Made Offer

Buffalo Wild Wings Soars on Report That Roark Capital Made Offer

But interested bidders might not want to pay much more for Buffalo Wild Wings given falling traffic and weak financials at the chain.

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.

Wells Fargo analyst Jeff Farmer has "conviction in a potential Roark acquisition", due to the company's financial struggles as of late and its "leadership void" - CEO Sally Smith announced her resignation on the same day that Marcato won its board seats. UBS AG reiterated a "buy" rating and issued a $175.00 target price on shares of Buffalo Wild Wings in a research note on Monday, July 10th.

The restaurant chain's shares rose 27.93 percent to $150 after the bell following the report. The most current P/E ratio is 37.45 and market cap is 2.23B. The business had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. The operating margin is 4.60% percent and the net profit margin stand at 3.20% percent. Buffalo Wild Wings's revenue was up.5% on a year-over-year basis.

Buffalo Wild Wings (NASDAQ:BWLD) traded down $0.70 during trading hours on Thursday, reaching $118.85. The value of the investment in BWLD went from $311,000 to $225,000 a change of 27.7% since the last quarter. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide copyright & trademark laws. The original version of this article can be viewed at https://weekherald.com/2017/11/13/buffalo-wild-wings-inc-bwld-downgraded-by-zacks-investment-research-to-sell.html.

A number of other analysts have also recently weighed in on the stock. In the last earnings report the EPS was $3.84 with 15.51M shares now outstanding.

Representatives for Buffalo Wild Wings didn't immediately respond to requests for comment. Finally, Teachers Advisors LLC grew its holdings in Buffalo Wild Wings by 3.6% during the 1st quarter. Segall Bryant & Hamill LLC lifted its stake in Buffalo Wild Wings by 4.2% in the 3rd quarter. Its investment was valued at $51,367,000 a decrease of $6,744,000 as of quarter end. That's helped Buffalo Wild Wings sidestep a surge in wing prices. Nicholas Company Inc. now owns 29,185 shares of the restaurant operator's stock worth $3,697,000 after acquiring an additional 6,605 shares during the period. Institutional investors and hedge funds own 89.14% of the company's stock.

TRADEMARK VIOLATION WARNING: "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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