Wingstop Inc (WING) Shares Sold by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans lessened its position in shares of Wingstop Inc (NASDAQ:WING) by 27.4% during the 4th quarter, Holdings Channel reports. The firm owned 252,964 shares of the restaurant operator’s stock after selling 95,616 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Wingstop were worth $9,860,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of WING. Parametric Portfolio Associates LLC purchased a new stake in Wingstop during the 2nd quarter valued at about $263,000. Dimensional Fund Advisors LP grew its stake in Wingstop by 334.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock valued at $12,172,000 after purchasing an additional 303,156 shares during the last quarter. State Street Corp grew its stake in Wingstop by 47.7% during the 2nd quarter. State Street Corp now owns 635,514 shares of the restaurant operator’s stock valued at $19,639,000 after purchasing an additional 205,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Wingstop by 77.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,587 shares of the restaurant operator’s stock valued at $699,000 after purchasing an additional 9,892 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Wingstop by 66.1% during the 2nd quarter. California State Teachers Retirement System now owns 51,502 shares of the restaurant operator’s stock valued at $1,591,000 after purchasing an additional 20,500 shares during the last quarter.
Several analysts have weighed in on the company. SunTrust Banks set a $52.00 price target on Wingstop and gave the company a “buy” rating in a research note on Thursday, January 11th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Wells Fargo & Co reissued an “outperform” rating and issued a $52.00 price objective (up previously from $37.00) on shares of Wingstop in a report on Tuesday, January 23rd. Goldman Sachs Group reissued a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a report on Wednesday, November 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $49.00 price objective on shares of Wingstop in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.42.
Wingstop Inc (NASDAQ:WING) opened at $48.22 on Wednesday. The stock has a market capitalization of $1,400.00 and a PE ratio of 65.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -2.69. Wingstop Inc has a fifty-two week low of $25.43 and a fifty-two week high of $49.69.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. sell-side analysts expect that Wingstop Inc will post 0.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. Wingstop’s payout ratio is 28.38%.
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Wingstop Company 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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