In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Buffalo Wild Wings Inc (NASDAQ:BWLD) reported that Marcato Capital Management has picked up 950,000 of common stock as of 2016-12-06.
The acquisition brings the aggregate amount owned by Marcato Capital Management to a total of 950,000 representing a 5.2% stake in the company.
For those not familiar with the company, Buffalo Wild Wings, Inc. (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. Its restaurants include a multi-media system, a bar and an open layout. It operates Buffalo Wild Wings, R Taco and PizzaRev restaurants, as well as sells Buffalo Wild Wings and R Taco restaurant franchises.
A glance at Buffalo Wild Wings Inc (NASDAQ:BWLD)’s key stats reveals a current market capitalization of $3.10 billion based on 18.20 million shares outstanding and a price at last close of $167.70 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-01, Davis picked up 315 shares at a purchase price of $158.60. This brings their total holding to 315 shares as of the date of the filing.
On the sell side, the most recent transaction saw Schmidt unload 750 shares at a sale price of $167.95. This brings their total holding to 34,162.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Buffalo Wild Wings Inc (NASDAQ:BWLD) as things move forward to see if its progress aligns with these transactions.
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