Roark Capital makes $150-plus per share bid for Buffalo Wild Wings

Chicken wings

Buffalo Wild Wings explodes 28% on report that it has received a takeover offer

They now have an overweight rating on the restaurant operator's stock. The value of the investment in BWLD went from $311,000 to $225,000 a change of 27.7% since the last quarter.

Buffalo Wild Wings' (BWLD.O) 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 Wall Street Journal, citing people familiar with the matter that it did not name, reported that Roark offered $150 a share for Buffalo Wild Wings in recent weeks. Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a report on Thursday, July 6th.

Roark has stakes in other restaurants chains like Arby's and CKE Restaurants, the owner of Carl's Jr, and could be a credible buyer of Buffalo Wild Wings, Stifel analyst Chris O'Cull said in a note.

American International Group Inc reports that it decreased its stake in Buffalo Wild Wings by 1.6% in the last quarter. (NASDAQ:BWLD)'s stock had its "hold" rating reissued by analysts at Mizuho in a report released on Friday, October 27th. BMO Capital Markets set a $120.00 price target on Buffalo Wild Wings and gave the company a "hold" rating in a research report on Thursday, October 26th.

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The company is trading down by 1.20% since yesterday's close of 118.85. Buffalo Wild Wings had a net margin of 3.17% and a return on equity of 21.39%. The P/E ratio is now 30.61 and the market cap is 1.82B. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.

Buffalo Wild Wings (NASDAQ:BWLD) last announced its quarterly earnings data on Wednesday, October 25th. The firm had revenue of $496.70 million for the quarter, compared to analysts' expectations of $500.97 million.

The company raised its forecast for full-year earnings when it reported third-quarter results late in October. 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 reading this story on another website, it was stolen and republished in violation of USA and global trademark and copyright laws. Credit Agricole S A acquired a new position in Buffalo Wild Wings during the first quarter worth $424,000. Voya Invest Mgmt Limited Com stated it has 0% of its portfolio in Buffalo Wild Wings (NASDAQ:BWLD). 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 grew its holdings in Buffalo Wild Wings by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 458,640 shares of the restaurant operator's stock valued at $58,111,000 after purchasing an additional 13,689 shares during the last quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business.

Buffalo Wild Wings has already had to move away from its strategy of a majority of company-owned stores into a more capital-light franchise model.

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