Wingstop Inc (WING) Holdings Raised by TD Asset Management Inc.
TD Asset Management Inc. grew its holdings in Wingstop Inc (NASDAQ:WING) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,900 shares of the restaurant operator’s stock after acquiring an additional 3,300 shares during the quarter. TD Asset Management Inc. owned 0.17% of Wingstop worth $1,659,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in WING. Teachers Advisors LLC increased its holdings in shares of Wingstop by 2.5% in the first quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock worth $721,000 after acquiring an additional 619 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wingstop by 20.6% during the first 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 period. Schwab Charles Investment Management Inc. boosted its position in shares of Wingstop by 33.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 98,266 shares of the restaurant operator’s stock worth $2,779,000 after buying an additional 24,769 shares during the period. Bank of America Corp DE boosted its position in shares of Wingstop by 85.3% during the first quarter. Bank of America Corp DE now owns 43,710 shares of the restaurant operator’s stock worth $1,235,000 after buying an additional 20,127 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Wingstop during the second quarter worth about $7,387,000.
In other Wingstop news, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the transaction, the insider now owns 22,116 shares in the company, valued at approximately $744,645.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. research analysts expect that Wingstop Inc will post 0.73 EPS for the current year.
The business also recently disclosed a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is presently 19.44%.
WING has been the subject of several recent research reports. Stifel Nicolaus raised Wingstop from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $40.00 in a research report on Friday, November 3rd. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group upped their price objective on Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and set a $39.00 price target on shares of Wingstop in a research report on Friday, November 10th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a research report on Wednesday, November 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.50.
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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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