Oppenheimer Asset Management Inc. bought a new position in Wingstop Inc. (NASDAQ:WING) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,160 shares of the restaurant operator’s stock, valued at approximately $202,000.
Several other large investors have also recently bought and sold shares of WING. Louisiana State Employees Retirement System boosted its position in Wingstop by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $334,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in Wingstop by 1.4% in the first quarter. Arizona State Retirement System now owns 15,000 shares of the restaurant operator’s stock worth $424,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its position in Wingstop by 1.1% in the first quarter. Texas Permanent School Fund now owns 20,898 shares of the restaurant operator’s stock worth $591,000 after buying an additional 231 shares in the last quarter. Teachers Advisors LLC boosted its position in Wingstop by 1.0% in the fourth quarter. Teachers Advisors LLC now owns 24,881 shares of the restaurant operator’s stock worth $736,000 after buying an additional 252 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Wingstop by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock worth $191,000 after buying an additional 468 shares in the last quarter.
Wingstop Inc. (NASDAQ WING) traded down 1.15% during midday trading on Tuesday, hitting $32.75. The stock had a trading volume of 974,100 shares. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $34.16. The firm’s 50-day moving average price is $30.72 and its 200 day moving average price is $29.03. The company has a market cap of $949.00 million, a P/E ratio of 54.49 and a beta of 0.60.
Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $24.70 million during the quarter, compared to analyst estimates of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts expect that Wingstop Inc. will post $0.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Sunday, September 3rd will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%.
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A number of research analysts have issued reports on WING shares. Cowen and Company reiterated an “outperform” rating and issued a $34.00 target price on shares of Wingstop in a research report on Sunday, April 23rd. Wedbush restated a “buy” rating and set a $36.00 price target on shares of Wingstop in a report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and set a $28.00 price target on shares of Wingstop in a report on Thursday, May 18th. BidaskClub lowered Wingstop from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research lowered Wingstop from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.40.
In other news, insider Flynn Dekker sold 4,102 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $30.59, for a total transaction of $125,480.18. Following the completion of the sale, the insider now owns 44,014 shares in the company, valued at approximately $1,346,388.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sidney J. Feltenstein sold 15,401 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $30.08, for a total value of $463,262.08. Following the completion of the transaction, the director now owns 39,750 shares of the company’s stock, valued at approximately $1,195,680. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,510 shares of company stock valued at $2,448,937. 1.76% of the stock is owned by company insiders.
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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