January 16, 2018

Buffalo Wild Wings' (BWLD) Hold Rating Reiterated at Mizuho

14 November 2017, 04:51 | Hattie Nash

Buffalo Wild Wings' (BWLD) Hold Rating Reiterated at Mizuho

Buffalo Wild Wings' (BWLD) Hold Rating Reiterated at Mizuho

Buffalo Wild Wings' shares rose almost 26 percent in premarket trading on Tuesday, a day after a report that the company received a $2.3 billion takeover bid from private-equity firm Roark Capital Group.

Shares in the chicken wings chain surged almost 28 percent after the news broke. Maxim Group raised the price target of the stock on October 26 boosting the projection from $145.00 to $160.00 and issued a "Buy" recommendation.

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"We believe a premium is now warranted given the potential for upside to expectations if wing cost declines are sustained, but remains a discount to M&A multiples given uncertainty regarding any potential deal". The legal version of this piece of content can be viewed at The stock has a consensus rating of Hold and a consensus price target of $131.57.

The company is trading down by 1.20% since yesterday's close of 118.85. Buffalo Wild Wings's quarterly revenue was up.5% on a year-over-year basis. October 26 investment analysts at Wedbush held the company rating at "In-Line" with a current price target of $115.00. Deutsche Bank AG reaffirmed a buy rating and set a $180.00 target price on shares of Buffalo Wild Wings in a report on Wednesday, June 28th.

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Barclays PLC raised the price target on October 26 changing the price objective from $128.00 to $133.00 and stated a "Overweight" rating. The value of the total investment in Buffalo Wild Wings decreased from $311,000 to $225,000 a change of $86,000 since the last quarter.

ILLEGAL ACTIVITY NOTICE: "Buffalo Wild Wings' (BWLD) Hold Rating Reiterated at Mizuho" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece of content on another site, it was stolen and republished in violation of USA and global copyright legislation.

EgyptAir's Bombardier CSeries outline deal valued at $1.1 billion
If EgyptAir also exercises the 12 purchase rights, the contract value would double to roughly $2.8 billion. C-Series wings are made at Bombardier's Belfast operation, providing employment for about 1,000 people.

A number of institutional investors have recently added to or reduced their stakes in BWLD. Bank of New York Mellon Corp now owns 350,269 shares of the restaurant operator's stock valued at $44,378,000 after purchasing an additional 2,701 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Buffalo Wild Wings in the 2nd quarter valued at $618,000. Prudential Financial Inc. raised its stake in Buffalo Wild Wings by 7.6% during the first quarter. Wells Fargo & Company/mn owns 1,972 shares valued at $208,000. Teachers Advisors LLC now owns 48,169 shares of the restaurant operator's stock worth $7,358,000 after acquiring an additional 1,695 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company's stock. 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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