The net money flow for the block transaction was $(-1.52) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals. The company's 50-day moving average is $153.89 and its 200-day moving average is $156.74.
To put it into perspective, this incremental $400 million represents roughly 15.6% of Buffalo Wild Wings' total float, and increases the size of the company's cumulative repurchase authorizations by 80%, to $900 million. The company has a market capitalization of $2.73 billion, a P/E ratio of 26.95 and a beta of 0.96.
The company on Tuesday delivered fourth-quarter revenue and earnings far short of what analysts were expecting, citing "the challenging restaurant environment". The company had revenue of $492.40 million for the quarter, compared to analysts expectations of $519.30 million.
San Francisco-based Marcato has also asked that Buffalo Wild Wings' management overhaul how it allocates capital and add people with relevant restaurant and finance experience to its management and board ranks. Occupancy costs were 5.9% as a percentage of restaurant sales, 30 basis points higher compared to the same quarter a year ago. (NASDAQ:BWLD) to post a current quarter EPS of $1.23.
Buffalo Wild Wings Last issued its quarterly earnings results on Feb 7, 2017.
BWLD has been the topic of several research reports.
Buffalo Wild Wings shares fell $6.55 (-4.37%) in after-hours trading Tuesday. They project that the shares will move to $34.071 within the upcoming year.
The earnings of Buffalo Wild Wings, Inc. A broker rating of 1 would translate into a Strong Buy. Buy rating has been given by 5 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 16 analysts given HOLD rating. (NASDAQ:BWLD) has a consensus target price of $163.315 on the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. CLSA cut shares of Buffalo Wild Wings from an "underperform" rating to a "sell" rating in a research report on Tuesday, January 31st. Franklin Resources Inc. now owns 671,035 shares of the company's stock worth $93,261,000 after buying an additional 70,298 shares in the last quarter. The disclosure for this sale can be found here. Insiders have sold a total of 9,020 shares of company stock worth $1,459,473 over the last 90 days. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark legislation. Same-store sales fell year-on-year 2.4% at company-owned restaurants and 2.7% at franchises, the company said. 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.