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


Buffalo Wild Wings' shares rose almost 26 percent in early trading on Tuesday, a day after a report said the company received a $2.3-billion takeover bid from private-equity firm Roark Capital Group. The Earnings Yield Five Year average for Buffalo Wild Wings, Inc. Canaccord Genuity cut their price objective on Buffalo Wild Wings from $160.00 to $135.00 and set a hold rating on the stock in a report on Friday, July 7th.

While Buffalo Wild Wings has acknowledged receipt of the bid, the two companies haven't held talks about a potential deal, the person said. Buffalo Wild Wings had a return on equity of 21.39% and a net margin of 3.17%.

American International Group Inc reports that it decreased its stake in Buffalo Wild Wings by 1.6% in the last quarter. NasdaqGS:BWLD is 7.04029. A lower price to book ratio indicates that the stock might be undervalued.

Buffalo Wild Wings shares surged by as much as 28% in extended trading on Monday following a Wall Street Journal report that the company received a takeover offer.

Buffalo Wild Wings raised its earnings forecast last month.

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In going after Buffalo Wild Wings, the investment firm is eyeing a company on the rebound.

At the time of writing, Buffalo Wild Wings, Inc.

The company is now down by 1.20% since yesterday's close of 118.85. Other gainers include Bloomin' Brands (BLMN - Free Report), which owns Outback Steakhouse and Carraba's Italian Grill, BJ's Restaurants (BJRI - Free Report), Red Robin Gourmet Burgers (RRGB - Free Report), Chuy's Holdings (CHUY - Free Report), Bojangles (BOJA - Free Report), and Cheesecake Factory (CAKE - Free Report), among others. If you are reading this piece on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark law.

A number of institutional investors have recently bought and sold shares of BWLD. Prudential Financial Inc. now owns 12,486 shares of the restaurant operator's stock worth $1,907,000 after acquiring an additional 886 shares in the last quarter. The EBITDA Yield for Buffalo Wild Wings, Inc. Victory Capital Management Inc. grew its holdings in Buffalo Wild Wings by 36.8% in the third quarter. Bank of New York Mellon Corp increased its stake in shares of Buffalo Wild Wings by 0.8% in the 2nd quarter. Wellington Management Group LLP raised its stake in Buffalo Wild Wings by 29.7% during the first quarter. Wells Fargo & Company/mn now owns 1,972 shares valued at $208,000. The value in dollars decreased from $83,023,000 to $50,153,000 a change of 39.6% since the last quarter. The Value Composite Two of Buffalo Wild Wings, Inc. 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.