Ameriprise Financial Inc. raised its position in Wingstop Inc. (NASDAQ:WING) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,054 shares of the restaurant operator’s stock after acquiring an additional 96,545 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.49% of Wingstop worth $13,381,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new position in Wingstop in the 2nd quarter valued at about $108,000. Riverhead Capital Management LLC lifted its stake in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,396 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Wingstop by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 804 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Wingstop by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 2,530 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Wingstop by 7.4% during the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 468 shares during the last quarter.
Wingstop Inc. (NASDAQ:WING) opened at 32.19 on Tuesday. The firm has a market capitalization of $935.83 million, a PE ratio of 50.22 and a beta of 0.58. The company has a 50 day moving average price of $33.21 and a 200-day moving average price of $31.21. Wingstop Inc. has a one year low of $24.74 and a one year high of $35.91.
Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The business had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities analysts predict that Wingstop Inc. will post $0.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Sunday, September 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, August 30th. Wingstop’s dividend payout ratio is currently 10.94%.
Several research analysts have commented on the company. Cowen and Company reaffirmed an “outperform” rating and set a $36.00 price target on shares of Wingstop in a research report on Monday, June 26th. Wedbush reaffirmed a “buy” rating and set a $36.00 price target on shares of Wingstop in a research report on Thursday, July 6th. BidaskClub lowered Wingstop from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $34.00 target price (up previously from $32.00) on shares of Wingstop in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Wingstop has an average rating of “Buy” and an average price target of $34.89.
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 value of $354,410.42. Following the completion of the transaction, the insider now directly owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Charles R. Morrison sold 25,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.71, for a total transaction of $867,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,083 shares of company stock valued at $1,622,033. 1.76% of the stock is owned by corporate insiders.
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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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