Stephens Investment Management Group LLC Has $44.94 Million Holdings in Wingstop Inc. (WING)
Stephens Investment Management Group LLC grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,351,608 shares of the restaurant operator’s stock after buying an additional 49,815 shares during the quarter. Wingstop makes up 1.0% of Stephens Investment Management Group LLC’s portfolio, making the stock its 29th largest position. Stephens Investment Management Group LLC owned about 4.65% of Wingstop worth $44,941,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Pinebridge Investments L.P. grew its position in shares of Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 52 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Wingstop by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock worth $467,000 after acquiring an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Wingstop by 3.2% in 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 during the last quarter. Texas Permanent School Fund lifted its stake in Wingstop by 1.2% in 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 during the last quarter. Finally, Teachers Advisors LLC lifted 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 valued at $721,000 after purchasing an additional 619 shares during the last quarter.
In related news, insider Lawrence Kruguer sold 10,526 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the sale, the insider now directly owns 22,116 shares in the company, valued at approximately $744,645.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stacy Peterson sold 11,557 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $34.60, for a total transaction of $399,872.20. The disclosure for this sale can be found here. Insiders sold a total of 38,433 shares of company stock valued at $1,339,122 in the last ninety days. 1.76% of the stock is owned by corporate insiders.
Several equities analysts recently commented on WING shares. BidaskClub downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Wedbush reissued a “buy” rating on shares of Wingstop in a research note on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $34.00 target price (up previously from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Cowen and Company reissued an “outperform” rating and set a $37.00 target price on shares of Wingstop in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Wingstop presently has a consensus rating of “Buy” and an average target price of $36.10.
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Shares of Wingstop Inc. (WING) traded down $0.58 during trading hours on Monday, reaching $38.38. 558,700 shares of the company traded hands, compared to its average volume of 502,891. The stock has a market capitalization of $1,116.67, a PE ratio of 53.31, a P/E/G ratio of 2.71 and a beta of 0.58. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $40.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. Wingstop’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts anticipate that Wingstop Inc. will post 0.73 earnings per share for the current year.
The firm also recently disclosed a None dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th will be paid a $0.07 dividend. The ex-dividend date is Friday, December 1st. This represents a dividend yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is 9.72%.
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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