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profishingrods.com November 22, 2017


Buffalo Wild Wings (BWLD) Receives Takeover Offer From Roark Capital

15 November 2017, 01:24 | Joann Bryant

Buffalo Wild Wings, Inc. - BWLD - Stock Price Today - Zacks

Chicken wings

According to the report, Roark offered to pay "more than $150 a share", or more than $2.3 billion, for Buffalo Wild Wings. Prudential Financial Inc. increased its holdings in Buffalo Wild Wings by 7.6% in the 1st quarter.

ILLEGAL ACTIVITY WARNING: "Buffalo Wild Wings, Inc".

Bloomberg reports that Roark's offer was made on October 13 at a 48% premium to the share price of Buffalo Wild Wings on that date. The company's stock had a trading volume of 517,270 shares, compared to its average volume of 809,478. Buffalo Wild Wings has a fifty-two week low of $95.00 and a fifty-two week high of $175.10. The P/E ratio is now 37.45 and market capitalization is 2.23B. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.60.

Activist hedge fund Marcato Capital Management has been pressuring Buffalo Wild Wings to change its leadership and improve its restaurant operations.




COPYRIGHT VIOLATION WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Affect Buffalo Wild Wings (BWLD) Stock Price" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. Finally, Barclays PLC reduced their price target on shares of Buffalo Wild Wings from $177.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, July 19th.

A number of other equities research analysts have also recently weighed in on BWLD.

During the same quarter in the previous year, the business earned $1.23 earnings per share. analysts forecast that Buffalo Wild Wings will post 4.98 EPS for the current year. The firm had revenue of $496.70 million for the quarter, compared to analysts' expectations of $500.97 million. Roark could be in the position to recover about $1 per share in earnings power, but only if "wing costs return to historical norms over time". If you are viewing this piece of content on another site, it was stolen and republished in violation of USA and global copyright legislation. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/11/14/ubs-ag-reiterates-sell-rating-for-buffalo-wild-wings-inc-bwld.html. Public Employees Retirement System of OH now owns 842 shares of the restaurant operator's stock worth $107,000 after buying an additional 77 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Buffalo Wild Wings by 3.6% during the 1st quarter. The value in dollars decreased from $83,023,000 to $50,153,000 a change of 39.6% since the last quarter.

Stocks in the Spotlight: Buffalo Wild Wings, Inc., (NASDAQ: BWLD), Nxstage Medical, Inc., (NASDAQ: NXTM), Delek US ... Marcato wants Buffalo Wild Wings to expand its franchising efforts, while management had resisted that notion.



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