Tricadia Capital Management adds Buffalo Wild Wings (BWLD) to its portfolio

Buffalo Wild Wings (BWLD) : Tricadia Capital Management added new position in Buffalo Wild Wings during the most recent quarter end. The investment management firm now holds 35,000 shares of Buffalo Wild Wings which is valued at $5,846,750 , the company said in a statement filed on Aug 11, 2016 with the SEC.Buffalo Wild Wings makes up approximately 1.86% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in BWLD in the latest quarter, The investment management firm added 258 additional shares and now holds a total of 3,624 shares of Buffalo Wild Wings which is valued at $605,389. Buffalo Wild Wings makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Princeton Alpha Management Lp reduced its stake in BWLD by selling 5,470 shares or 61.61% in the most recent quarter. The Hedge Fund company now holds 3,408 shares of BWLD which is valued at $583,995. Buffalo Wild Wings makes up approx 0.10% of Princeton Alpha Management Lp’s portfolio. Fox Run Management L.l.c. sold out all of its stake in BWLD during the most recent quarter. The investment firm sold 1,800 shares of BWLD which is valued $242,820.

Buffalo Wild Wings closed down -0.59 points or -0.36% at $162.4 with 3,80,525 shares getting traded on Tuesday. Post opening the session at $162.94, the shares hit an intraday low of $162.29 and an intraday high of $164.315 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Buffalo Wild Wings reported $1.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $1.77. The company had revenue of $508.26 million for the quarter, compared to analysts expectations of $529.53 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.

Many Wall Street Analysts have commented on Buffalo Wild Wings. Buffalo Wild Wings was Downgraded by Longbow to ” Underperform” on Aug 19, 2016. Company shares were Reiterated by Deutsche Bank on Aug 17, 2016 to “Hold”, Firm has raised the Price Target to $ 155 from a previous price target of $145 .Buffalo Wild Wings was Downgraded by Raymond James to ” Mkt Perform” on Aug 10, 2016.

Buffalo Wild Wings Inc. is an owner operator and franchisor of restaurants featuring a variety of menu items including its Buffalo New York-style chicken wings. The Company operates Buffalo Wild Wings and Emerging brands (PizzaRev and Rusty Taco) restaurants as well as selling Buffalo Wild Wings and Rusty Taco restaurant franchises. It offers a variety of sauces and seasonings which include Sweet BBQ Teriyaki Mild Medium Honey BBQ Spicy Garlic Buffalo Desert Heat Chipotle BBQ Lemon Pepper and Salt & Vinegar among others. Its menu includes a variety of food items including Sharables Wild Flatbreads specialty hamburgers and sandwiches wraps Buffalito soft tacos and salads. Its restaurants offer domestic and imported beers on tap including craft brews and a selection of bottled beers wines and liquor. It owned and operated approximately 490 company-owned restaurants.

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