Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Wingstop Inc (NASDAQ:WING) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,178 shares of the restaurant operator’s stock, valued at approximately $322,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Wingstop by 1.3% during the 1st quarter. BlackRock Inc. now owns 3,734,552 shares of the restaurant operator’s stock valued at $176,384,000 after purchasing an additional 47,285 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Wingstop by 15,155.8% during the 1st quarter. Victory Capital Management Inc. now owns 944,638 shares of the restaurant operator’s stock valued at $44,615,000 after purchasing an additional 938,446 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Wingstop by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 776,468 shares of the restaurant operator’s stock valued at $36,673,000 after purchasing an additional 57,897 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Wingstop by 23.4% during the 2nd quarter. Wells Fargo & Company MN now owns 413,579 shares of the restaurant operator’s stock valued at $21,556,000 after purchasing an additional 78,515 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Wingstop by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 240,242 shares of the restaurant operator’s stock valued at $11,347,000 after purchasing an additional 7,951 shares in the last quarter.
Wingstop stock opened at $66.68 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of -1.53. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 90.11, a price-to-earnings-growth ratio of 4.07 and a beta of 1.00. Wingstop Inc has a twelve month low of $31.53 and a twelve month high of $67.62.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $36.92 million. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. equities analysts anticipate that Wingstop Inc will post 0.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, August 31st. This is an increase from Wingstop’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.54%. Wingstop’s payout ratio is currently 48.65%.
A number of research analysts have recently commented on the stock. BidaskClub upgraded shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 12th. TheStreet upgraded shares of Wingstop from a “d+” rating to a “c+” rating in a research report on Monday, June 11th. Stifel Nicolaus boosted their price target on shares of Wingstop from $58.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, August 27th. Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective (up from $59.00) on shares of Wingstop in a report on Wednesday, August 22nd. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “sell” rating and set a $42.00 price objective on shares of Wingstop in a report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $56.14.
In other Wingstop news, insider Stacy Peterson sold 5,259 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $58.87, for a total value of $309,597.33. Following the completion of the sale, the insider now directly owns 31,423 shares of the company’s stock, valued at $1,849,872.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Morrison sold 11,000 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $53.02, for a total transaction of $583,220.00. Following the completion of the sale, the chairman now directly owns 137,152 shares of the company’s stock, valued at $7,271,799.04. The disclosure for this sale can be found here. Insiders sold 40,271 shares of company stock valued at $2,287,198 over the last three months. 1.70% of the stock is currently owned by insiders.
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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