Buffalo Wild Wings (BWLD) Stake Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Buffalo Wild Wings (NASDAQ:BWLD) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,522 shares of the restaurant operator’s stock after selling 2,444 shares during the period. Envestnet Asset Management Inc.’s holdings in Buffalo Wild Wings were worth $5,241,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Deutsche Bank AG grew its stake in shares of Buffalo Wild Wings by 679.2% during the 4th quarter. Deutsche Bank AG now owns 656,507 shares of the restaurant operator’s stock worth $102,643,000 after purchasing an additional 572,248 shares during the period. Alliancebernstein L.P. grew its stake in shares of Buffalo Wild Wings by 13.2% during the 4th quarter. Alliancebernstein L.P. now owns 537,071 shares of the restaurant operator’s stock worth $83,971,000 after purchasing an additional 62,585 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Buffalo Wild Wings by 6.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 485,970 shares of the restaurant operator’s stock worth $51,367,000 after purchasing an additional 27,330 shares during the period. Gardner Lewis Asset Management L P acquired a new position in shares of Buffalo Wild Wings during the 4th quarter worth $69,467,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Buffalo Wild Wings by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,668 shares of the restaurant operator’s stock worth $37,594,000 after purchasing an additional 5,399 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently weighed in on BWLD shares. BidaskClub cut shares of Buffalo Wild Wings from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Credit Suisse Group reaffirmed a “hold” rating on shares of Buffalo Wild Wings in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and four have issued a buy rating to the stock. Buffalo Wild Wings presently has a consensus rating of “Hold” and a consensus price target of $146.09.

Buffalo Wild Wings stock opened at $156.95 on Monday. Buffalo Wild Wings has a 12-month low of $95.00 and a 12-month high of $165.70. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.

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About Buffalo Wild Wings

Buffalo Wild Wings, Inc is the owner, operator and franchisor of restaurants. As of December 25, 2016, the Company’s made-to-order menu items included 16 sauces and five seasonings, ranging from Sweet BBQ to Blazin. 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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Institutional Ownership by Quarter for Buffalo Wild Wings (NASDAQ:BWLD)

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