What You Need To Know Ahead Of B-Dubs' Shareholder Meeting Showdown

Buffalo Wild Wings (NASDAQ: BWLD) will hold an important board vote at its annual investor meeting on June 2, hoping to settle the battle the company is embroiled in with activist investor Marcato Capital Management.

Buffalo Wild Wings previously stated its board and management team are “under attack” by the short-term focused hedge fund. Marcato founder Mick McGuire fired back, stating that shares could surpass $400 by 2021, if new management changes are initiated.

Don't Count Your Chicken (Wings) Before They Hatch

Deutsche Bank cautioned investors that despite an upcoming vote, there are no guarantees that there will be a clear and definitive outcome following the meeting.

“While the upcoming board vote is the next step, it may not be the final step in the process for the BWLD debate, regardless of which side prevails as significant work remains left to be done,” said analyst Brett Levy of Deutsche Bank.

The company’s stakeholders will anxiously await the opinion from the independent advisory community regarding the ongoing dispute.

Deutsche Bank maintains a Buy rating on the company, with a $180 price target.

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