Buffalo Wild Wings (BWLD): Takeover Bid from Roark Capital - Stephens

Stephens analyst, Will Slabaugh, reiterated his Equal Weight rating on shares of Buffalo Wild Wings, Inc. (NASDAQ: BWLD) after the WSJ announced that the company received a takeover bid from Roark Capital for over $150/sh. This represents a premium of 28% and values the company around $2.3B or 9.5x the analyst's FY18 EBIDTA estimate.

The analyst noted that Roark focuses on franchise based companies and has interests in Arby's Carvel, Auntie Annie's Pretzels and Carl's Jr.

The analyst has not officially changed his price target of $115

For an analyst ratings summary and ratings history on Buffalo Wild Wings, Inc. click here. For more ratings news on Buffalo Wild Wings, Inc. click here.

Shares of Buffalo Wild Wings, Inc. closed at $117.25 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades QIAGEN NV (QIA:GR) (QGEN) to Overweight
• Jefferies Starts Trastor Real Estate Investment Co (TRASTOR:GA) at Buy
• Morgan Stanley Upgrades Demant A/S (DEMANT:DC) (WILYY) to Overweight