Buffalo Wild Wings 2007 Annual Report Download - page 17

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17
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 Global Market under the symbol “BWLD”. The following table sets forth
the high and low closing sale prices of our Common Stock. On June 15, 2007, we effected a two-for-one stock split. All stock
prices have been adjusted for this change.
2007
2006
High
Low
High
Low
First Quarter $ 31.85 $ 23.84 $ 20.73 $ 14.96
Second Quarter 46.64 31.35 21.89 17.77
Third Quarter 43.85 31.99 19.88 15.63
Fourth Quarter 42.03 23.03 29.01 18.62
Holders
As of February 26, 2008, there were approximately 182 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 11,000 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 Common Stock. It is our policy to preserve cash for
development and other working capital needs and, therefore, do not currently have plans to pay any cash dividends. Our
future dividend policy will be determined by our Board of Directors and will depend on various factors, including our results
of operations, financial condition, anticipated cash needs and plans for expansion.
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 and Related Stockholder Matters.”
Stock Performance Chart
The following graph compares the yearly percentage change in the cumulative total shareholder return on our
Common Stock during the period ended December 30, 2007 with the cumulative total return on the Nasdaq Composite and
the S&P 600 Restaurants Index. The comparison assumes $100 was invested in Buffalo Wild Wings Common Stock on
November 21, 2003, the date of our initial public offering, and in each of the foregoing indices on October 31, 2003 and
assumes reinvestment of dividends.