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

Mae Love
November 14, 2017

The firm, which backed an unsuccessful takeover attempt for fried-chicken chain Popeyes Louisiana Kitchen Inc. within the past year, made an all-cash offer for Buffalo Wild Wings Inc. last month, according to a person familiar with the matter. Finally, Telsey Advisory Group restated an outperform rating and issued a $145.00 price target (down from $175.00) on shares of Buffalo Wild Wings in a research report on Monday, July 10th.

Roark's offer of more than $150 per share was a premium of at least 28 percent to the fast-food chain's close on Monday. It also raised earnings forecasts for the year, sending shares up 20 percent on October 26, the day after its earnings were published.

Rising chicken prices and slumping traffic have hurt Buffalo Wild Wings.

Amazon lands Lord of the Rings TV remake
Tolkien's The Fellowship of the Ring ", and will therefore be set before the events from the Oscar-winning trilogy. Amazon said it will produce a multi-season series that explores new storylines preceding author J.R.R.

Mobile launches Revvl Plus Android phone in US
The T-Mobile Revvl Plus will remain a carrier exclusive device to the said carrier, and carries a price tag of $200. The REVVL Plus features a special edition black color scheme with magenta color accents for good measure.

Drinking coffee may decrease risk of heart failure, stroke
But, she says, more research is needed before we can be confident about how coffee affects our heart health. The new study was observational, meaning it can identify an association, but cannot prove cause and effect.

BMO Capital Markets set a $120.00 price objective on Buffalo Wild Wings, Inc.

October 27 investment analysts at Mizuho kept the stock rating at "Hold" targeting a price of $120.00. The company had revenue of $496.70 million during the quarter, compared to analyst estimates of $500.97 million. The business's revenue for the quarter was up.5% on a year-over-year basis. Pacad Investment Ltd. increased its stake in shares of Buffalo Wild Wings by 23.7% in the 2nd quarter. On October 26 Wedbush held the stock rating at "In-Line" projecting a price of $115.00. Barclays PLC lifted their target price on Buffalo Wild Wings from $128.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, October 26th. During the same period last year, the firm earned $1.23 earnings per share. equities research analysts expect that Buffalo Wild Wings will post 4.98 earnings per share for the current fiscal year. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & worldwide copyright and trademark legislation. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000. As of quarter end Amalgamated Bank had disposed of a total of 326 shares trimming its holdings by 13.3%. Quantbot Technologies Lp now holds 3,605 shares with a value of $381,000. Finally, Teachers Advisors LLC raised its stake in Buffalo Wild Wings by 3.6% during the first quarter. Hedge funds and other institutional investors own 89.14% of the company's stock. Marcato wants Buffalo Wild Wings to expand its franchising efforts, while management had resisted that notion.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER