Buffalo Wild Wings (NASDAQ:BWLD) saw an insider lower his holdings with the company today. The company’s Chief Operating Officer, James M. Schmidt, sold 1,000 shares of common stock at an average price of $143.38 per share. This is not Schmidt’s first move of this sort, as he’s sold over 3,000 shares since the beginning of this past July. Following todays move, Schmidt now directly holds a total of 38,941 shares. A $2.76 billion market cap corporation, Buffalo Wild Wings (NASDAQ:BWLD) operates as an owner, operator, and franchisor of restaurants.
In addition, there are a myriad of hedge funds involved with the company. Ken Griffin‘s Citadel Investment Group saw a large rise in its holdings last quarter, by 192700%, and now holds 622,743 shares worth about $92.7 million; billionaire Donald Chiboucis‘ Columbus Circle Investors reported a 3% decrease in its investments last quarter, and now holds 409,368 shares worth nearly $61 million; while Renaissance Technologies, the hedge fund controlled by billionaire Jim Simons, upped its stake by 125% last quarter, and now has 246,395 shares worth approximately $36.7 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.