Profund Advisors LLC purchased a new position in shares of Wingstop Inc (NASDAQ:WING) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 5,948 shares of the restaurant operator’s stock, valued at approximately $281,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Wingstop by 16.6% during the 4th quarter. Rhumbline Advisers now owns 64,644 shares of the restaurant operator’s stock worth $2,520,000 after purchasing an additional 9,224 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Wingstop in the 4th quarter valued at approximately $389,000. American Century Companies Inc. bought a new position in shares of Wingstop in the 4th quarter valued at approximately $2,389,000. Geode Capital Management LLC raised its stake in shares of Wingstop by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 274,936 shares of the restaurant operator’s stock valued at $10,716,000 after acquiring an additional 7,928 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Wingstop by 226.0% in the 4th quarter. Arizona State Retirement System now owns 48,901 shares of the restaurant operator’s stock valued at $1,906,000 after acquiring an additional 33,901 shares in the last quarter.
In other Wingstop news, Chairman Charles R. Morrison sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $53.02, for a total value of $583,220.00. Following the sale, the chairman now owns 137,152 shares of the company’s stock, valued at approximately $7,271,799.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Hislop sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $53.33, for a total value of $314,647.00. The disclosure for this sale can be found here. Insiders sold a total of 66,695 shares of company stock worth $3,421,284 in the last ninety days. Insiders own 1.76% of the company’s stock.
A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Wingstop from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. TheStreet raised Wingstop from a “d+” rating to a “c+” rating in a research note on Monday, June 11th. BidaskClub raised Wingstop from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 12th. Wedbush reissued a “hold” rating and issued a $51.00 price objective on shares of Wingstop in a research note on Friday, May 4th. Finally, Morgan Stanley raised their price objective on Wingstop from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Wingstop has an average rating of “Buy” and a consensus price target of $50.79.
WING opened at $52.54 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 71.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.90. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -1.49. Wingstop Inc has a 12-month low of $29.54 and a 12-month high of $55.85.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The firm had revenue of $37.40 million for the quarter, compared to analyst estimates of $36.34 million. Wingstop had a negative return on equity of 28.86% and a net margin of 23.15%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. research analysts expect that Wingstop Inc will post 0.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 18th. Shareholders of record on Monday, June 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, June 1st. Wingstop’s dividend payout ratio (DPR) is currently 37.84%.
Wingstop Company Profile
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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