Virginia Retirement Systems ET AL boosted its position in Wingstop Inc. (NASDAQ:WING) by 59.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,600 shares of the restaurant operator’s stock after buying an additional 12,100 shares during the quarter. Virginia Retirement Systems ET AL owned 0.11% of Wingstop worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Eagle Asset Management Inc. lifted its holdings in Wingstop by 6.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 170,216 shares of the restaurant operator’s stock worth $5,720,000 after buying an additional 10,395 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in Wingstop in the 3rd quarter worth $360,000. TD Asset Management Inc. lifted its holdings in Wingstop by 7.1% in the 3rd quarter. TD Asset Management Inc. now owns 49,900 shares of the restaurant operator’s stock worth $1,659,000 after buying an additional 3,300 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Wingstop by 3.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 52,142 shares of the restaurant operator’s stock worth $1,734,000 after buying an additional 1,546 shares in the last quarter. Finally, Turner Investments LLC acquired a new position in Wingstop in the 3rd quarter worth $150,000.

Shares of Wingstop Inc. (WING) opened at $39.57 on Friday. The stock has a market cap of $1,140.23, a PE ratio of 54.43, a PEG ratio of 2.77 and a beta of 0.69. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $40.59.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The business had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. sell-side analysts forecast 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. Investors of record on Monday, December 4th will be given a dividend of $0.07 per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, December 1st. Wingstop’s dividend payout ratio is presently 19.44%.

In related news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $33.67, for a total transaction of $354,410.42. Following the sale, the insider now directly owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

WING has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Cowen restated a “buy” rating on shares of Wingstop in a research note on Thursday, August 24th. Stifel Nicolaus initiated coverage on shares of Wingstop in a research note on Monday, October 2nd. They issued a “hold” rating and a $35.00 target price on the stock. Robert W. Baird restated a “buy” rating and issued a $39.00 target price on shares of Wingstop in a research note on Monday, October 9th. Finally, Jefferies Group restated a “hold” rating and issued a $28.00 target price on shares of Wingstop in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $37.50.

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Wingstop Profile

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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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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