Market Overview

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

Share:
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.

Related Links:

Why Buffalo Wild Wings Doesn't Need Marcato Capital To Succeed

Can Buffalo Fly? Deutsche Bank Upgrades B-Dubs

Latest Ratings for BWLD

DateFirmActionFromTo
Nov 2017Maxim GroupDowngradesBuyHold
Nov 2017UBSDowngradesBuyNeutral
Nov 2017Deutsche BankDowngradesBuyHold

View More Analyst Ratings for BWLD
View the Latest Analyst Ratings

 

Related Articles (BWLD)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Previews Reiteration Restaurants Events Analyst Ratings Best of Benzinga

Latest Ratings

StockFirmActionPT
EYPTCantor FitzgeraldInitiates Coverage On22.0
TXNDeutsche BankMaintains170.0
BYDDeutsche BankMaintains56.0
MELIDeutsche BankMaintains2,200.0
ALVMizuhoMaintains104.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com