Buffalo Wild Wings 2005 Annual Report Download - page 28

PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
Our Common Stock trades on the NASDAQ National Stock Market under the
symbol "BWLD". The following table sets forth, the high and low closing sale
prices of our Common Stock. These quotations represent inter−dealer prices and
do not include retail mark−ups, markdowns or commissions and may not necessarily
represent actual transactions.
2005 2004
−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−−−−−−
HIGH LOW HIGH LOW
−−−−−−−−−−− −−−−−−−−−− −−−−−−−−−− −−−−−−−−−−
First Quarter $ 41.27 $ 32.01 $ 27.98 $ 23.29
Second Quarter 40.00 27.58 34.05 25.93
Third Quarter 34.75 27.04 31.49 26.20
Fourth Quarter 34.03 25.45 37.53 27.33
HOLDERS
As of February 1, 2006, there were approximately 150 record holders of our
Common Stock, excluding shareholders whose stock is held either in nominee name
and/or street name brokerage accounts. Based on information which we have
obtained from our transfer agent, there are approximately 17,000 holders of our
Common Stock whose stock is held either in nominee name and/or street name
brokerage accounts.
DIVIDENDS
We have never declared or paid cash dividends on our capital stock and do
not anticipate declaring or paying any cash dividends in the foreseeable future.
We intend to retain future earnings for the development of our business.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
For information on our equity compensation plans, refer to Item 12,
"Security Ownership of Certain Beneficial Owners and Management."
REPURCHASES
The following table sets out shares of our Common Stock repurchased by
us in 2005.
(d) Maximum Number
(c) Total Number of (or Approximate
Shares (or Units) Dollar Value) of
Purchased as Part Shares (or Units)
(a) Total Number of (b) Average Price of Publicly that May Yet Be
Shares (or Units) Paid per Share (or Announced Plans or Purchased Under the
Period Purchased(1) Unit) Programs Plans or Programs
−−−−−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−
Feb. 1 − Feb. 28, 2005 1,362 $38.11 N/A N/A
March 1 − March 31, 2005 5,002 37.33 N/A N/A
August 1 − August 31, 2005 324 31.10 N/A N/A
−−−−−−−−−−−−−−−−−
Total 6,688
=================
(1) All of the shares were repurchased by us in connection with payment of the
exercise price upon stock−for−stock option exercises or payment of taxes upon
vesting of restricted stock by employees, including seven executive officers.
INITIAL PUBLIC OFFERING AND USE OF PROCEEDS
We completed an initial public offering of 3,450,000 shares of common
stock, of which 3,250,000 shares were offered by us and 200,000 were offered by
selling shareholders, at an aggregate offering price of $58.7 million or $17.00