More bidding on Buffalo Wild Wings?

Screen Shot 2017 11 13

Shares in the chicken wings chain surged almost 28 percent after the news broke.

Shares of Buffalo Wild Wings soared in after-hours trading Monday after a report that private-equity firm Roark Capital Group was offering a deal for the chicken wing chain.

Bloomberg reports that Roark's offer was made on October 13 at a 48% premium to the share price of Buffalo Wild Wings on that date.

The company raised its forecast for full-year earnings when it reported third-quarter results late in October.

Representatives for Buffalo Wild Wings didn't immediately respond to requests for comment. The value of the investment in Buffalo Wild Wings decreased from $347,000 to $208,000 a change of 40.1% since the last quarter.

On October 27 Mizuho kept the company rating at "Hold" targeting a price of $120.00. The business had revenue of $496.70 million during the quarter, compared to the consensus estimate of $500.97 million. Buffalo Wild Wings's quarterly revenue was up.5% on a year-over-year basis. Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.57. 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. If you are reading this piece on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark law. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000. OppenheimerFunds Inc. now owns 3,595 shares of the restaurant operator's stock worth $549,000 after acquiring an additional 1,082 shares in the last quarter. Quantbot Technologies Lp now holds 3,605 shares with a value of $381,000. Wells Fargo & Company/mn now owns 1,972 shares valued at $208,000. Institutional investors and hedge funds own 89.14% of the company's stock. Marcato had accused Buffalo Wild Wings of ripping off franchisees, and nominated three directors to its board.

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