NEW YORK (TheStreet) --Shares of Buffalo Wild Wings (BWLD) are climbing higher by 9.9% to $161.56 on heavy trading volume on Wednesday afternoon, as Marcato Capital Management has acquired a 5.1% stake in the stock, Bloomberg reports. Buffalo Wild Wings will now accept input from the activist hedge fund.

"I think Marcato Capital is another shareholder that we want to listen to as we do with all of our large shareholders," Buffalo Wild Wings CEO Sally Smith said on CNBC's "Squawk Box" this morning. 

The CEO is committed to listening to any input that proves to be beneficial.

Marcato Capital Management is a value-focused investment firm, founded in 2010 and based in San Francisco. It invests in public equity markets in the U.S. Among the firms holdings are Bank of New York Mellon (BK), Goodyear Tire and Rubber (GT), and Macys (M).

Additionally, the company reported better than expected 2016 second quarter earnings on Tuesday. The restaurant posted earnings of $1.27 per share, beating analysts' estimates by 1 cent. Revenue rose 15% year-over-year to $490.2 million, but missed analysts' projected of $498.32 million.

So far today 2.52 million shares of the company have exchanged hands versus its average of 660,538 shares.

Separately, TheStreet Ratings rates Buffalo Wild Wings as a "Buy" with a ratings score of "B-." This is driven by a few notable strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks TheStreet Ratings covers.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. TheStreet Ratings feels its strengths outweigh the fact that the company shows low profit margins.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BWLD

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