Sterling Capital Management LLC increased its stake in Wingstop Inc (NASDAQ:WING) by 46.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,705 shares of the restaurant operator’s stock after buying an additional 12,287 shares during the period. Sterling Capital Management LLC owned 0.13% of Wingstop worth $1,287,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Teachers Advisors LLC boosted its stake in Wingstop by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock worth $721,000 after purchasing an additional 619 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Wingstop by 20.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 90,752 shares of the restaurant operator’s stock worth $2,566,000 after buying an additional 15,478 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Wingstop by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 210 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Wingstop by 4.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 41,919 shares of the restaurant operator’s stock valued at $1,295,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Wingstop by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 21,156 shares of the restaurant operator’s stock valued at $654,000 after purchasing an additional 258 shares in the last quarter.
A number of research firms recently issued reports on WING. Stifel Nicolaus raised shares of Wingstop from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $40.00 in a research note on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and set a $49.00 price target on shares of Wingstop in a research report on Wednesday, January 3rd. Jefferies Group boosted their price target on shares of Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Wedbush lowered shares of Wingstop from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $36.00 to $40.00 in a research note on Friday, January 5th. Finally, Deutsche Bank began coverage on shares of Wingstop in a research note on Monday, December 18th. They set a “hold” rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Wingstop presently has a consensus rating of “Hold” and a consensus target price of $39.92.
In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total value of $584,839.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
Wingstop Inc (NASDAQ:WING) traded up $0.90 during trading on Thursday, hitting $44.25. The stock had a trading volume of 427,700 shares, compared to its average volume of 558,313. Wingstop Inc has a twelve month low of $24.74 and a twelve month high of $44.75. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $1,290.00 and a PE ratio of 61.46.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $25.13 million. Wingstop’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. sell-side analysts expect that Wingstop Inc will post 0.73 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were given a $0.07 dividend. This represents a yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s payout ratio is 19.44%.
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Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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