Is Selling 52-Week Stock Like Buffalo Wild Wings (BWLD) a Winning Strategy?

July 17, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.01, from 0.82 in 2016Q3. It worsened, as 41 investors sold Buffalo Wild Wings shares while 83 reduced holdings. 31 funds opened positions while 70 raised stakes. 15.28 million shares or 6.91% less from 16.41 million shares in 2016Q3 were reported.
Highvista Strategies Limited Liability invested in 0.2% or 6,681 shares. Mason Street Advsr Ltd Company reported 8,495 shares. Gemmer Asset Mgmt Ltd Liability Corporation owns 56 shares. Sandy Spring Commercial Bank invested in 0% or 125 shares. Nicholas Wi holds 22,580 shares. Massmutual Trust Com Fsb Adv holds 18 shares or 0% of its portfolio. Moreover, Deutsche Commercial Bank Ag has 0.02% invested in Buffalo Wild Wings (NASDAQ:BWLD). Blackrock reported 0% stake. Voya Investment Mngmt Lc holds 0% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 7,447 shares. Cooper Creek Prtn Mgmt Ltd, a New York-based fund reported 59,708 shares. Moreover, Citigroup has 0.01% invested in Buffalo Wild Wings (NASDAQ:BWLD). National Bank Of America De has 73,287 shares. Css Ltd Liability Il holds 0.03% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD) for 3,200 shares. Connable Office Inc reported 9,392 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 646 shares.

Since February 1, 2017, it had 0 buys, and 8 selling transactions for $866,744 activity. Another trade for 1,000 shares valued at $159,024 was sold by Sorum B Jeffrey. 200 shares valued at $31,480 were sold by DAMIAN JAMES M on Thursday, February 16. The insider SMITH SALLY J sold $300,000.

The stock of Buffalo Wild Wings (NASDAQ:BWLD) hit a new 52-week low and has $117.52 target or 5.00 % below today’s $123.70 share price. The 6 months bearish chart indicates high risk for the $1.96B company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $117.52 price target is reached, the company will be worth $98.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 259,555 shares traded. Buffalo Wild Wings (NASDAQ:BWLD) has risen 11.20% since July 17, 2016 and is uptrending. It has underperformed by 5.50% the S&P500.

Analysts await Buffalo Wild Wings (NASDAQ:BWLD) to report earnings on July, 25. They expect $1.14 earnings per share, down 10.24 % or $0.13 from last year’s $1.27 per share. BWLD’s profit will be $18.09M for 27.08 P/E if the $1.14 EPS becomes a reality. After $1.44 actual earnings per share reported by Buffalo Wild Wings for the previous quarter, Wall Street now forecasts -20.83 % negative EPS growth.

Buffalo Wild Wings (NASDAQ:BWLD) Ratings Coverage

Among 28 analysts covering Buffalo Wild Wings (NASDAQ:BWLD), 10 have Buy rating, 2 Sell and 16 Hold. Therefore 36% are positive. Buffalo Wild Wings had 85 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Underperform” on Thursday, October 29. The firm has “Hold” rating given on Monday, December 5 by Canaccord Genuity. The firm has “Sell” rating by Credit Suisse given on Wednesday, August 26. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, November 9. The stock has “Outperform” rating by Raymond James on Thursday, February 4. Cowen & Co maintained Buffalo Wild Wings (NASDAQ:BWLD) rating on Wednesday, April 27. Cowen & Co has “Market Perform” rating and $130 target. Oppenheimer upgraded Buffalo Wild Wings (NASDAQ:BWLD) on Wednesday, August 19 to “Outperform” rating. The stock of Buffalo Wild Wings (NASDAQ:BWLD) has “Overweight” rating given on Thursday, October 27 by Barclays Capital. The rating was maintained by Barclays Capital on Wednesday, July 27 with “Overweight”. On Wednesday, February 8 the stock rating was downgraded by Feltl & Co to “Hold”.

More notable recent Buffalo Wild Wings (NASDAQ:BWLD) news were published by: Bizjournals.com which released: “Regis, Buffalo Wild Wings want to sell company stores, but what’s in it for …” on July 10, 2017, also Prnewswire.com with their article: “Restaurants Stock Performance Review — Performance Food, Buffalo Wild Wings …” published on July 17, 2017, Startribune.com published: “Buffalo Wild Wings starts the sale of 83 restaurants to franchisees” on June 19, 2017. More interesting news about Buffalo Wild Wings (NASDAQ:BWLD) were released by: Fool.com and their article: “Is Take-Out the Secret to Buffalo Wild Wings’ Turnaround?” published on July 03, 2017 as well as Cnbc.com‘s news article titled: “Buffalo Wild Wings shake-up sparks ‘more questions than answers,’ sending …” with publication date: July 05, 2017.

Buffalo Wild Wings, Inc. is the owner, operator and franchisor of restaurants. The company has market cap of $1.96 billion. 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. It has a 26.74 P/E ratio. 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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