Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital

Source Buffalo Wild Wings

Source Buffalo Wild Wings

But chicken-wing prices are high, pressuring wing-focused chains such as Buffalo Wild Wings and Wingstop ( WING ).

According to the report, Roark offered to pay "more than $150 a share", or more than $2.3 billion, for Buffalo Wild Wings. The restaurant operator reported $1.36 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.57. Segall Bryant & Hamill LLC now owns 106,500 shares of the restaurant operator's stock worth $11,257,000 after purchasing an additional 4,282 shares in the last quarter. Its price to free cash flow for trailing twelve months is 14.38.

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A number of institutional investors have recently bought and sold shares of BWLD. Among the stocks making big moves are restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), entertainment streaming service Roku Inc (NASDAQ:ROKU), and technology infrastructure concern Switch Inc (NYSE:SWCH). The value in dollars decreased from $83,023,000 to $50,153,000 a change of 39.6% since the last quarter. Envestnet Asset Management Inc. lifted its stake in Buffalo Wild Wings by 23.1% in the 3rd quarter. In the last earnings report the EPS was $3.84 with 15.51M shares now outstanding. The business had revenue of $496.70 million for the quarter, compared to analyst estimates of $500.97 million. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%. Victory Capital Management Inc. grew its holdings in Buffalo Wild Wings by 36.8% in the third quarter. (NASDAQ:BWLD)'s market cap, the total dollar value of all of their outstanding shares, is 1829.10m.

TRADEMARK VIOLATION WARNING: "Buffalo Wild Wings, Inc". The stock has been on a downturn since late May, but picked up some steam in late October, retaking its 50-day line, on the heels of a better-than-anticipated quarterly report and profit guidance lift. "(BWLD) Sees Strong Trading Volume After Analyst Upgrade" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation.

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The company's Chief Executive Sally Smith said she would retire by the end of the year after Marcato won a bitter proxy battle in June that put three of its directors on the chicken-wing restaurant's board.

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