Stephens Inc. AR Sells 1,679 Shares of Wingstop Inc (NASDAQ:WING)

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Stephens Inc. AR lowered its stake in shares of Wingstop Inc (NASDAQ:WING) by 21.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,084 shares of the restaurant operator’s stock after selling 1,679 shares during the period. Stephens Inc. AR’s holdings in Wingstop were worth $576,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Chesapeake Wealth Management raised its stake in shares of Wingstop by 55.2% during the 2nd quarter. Chesapeake Wealth Management now owns 12,379 shares of the restaurant operator’s stock worth $1,173,000 after purchasing an additional 4,403 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Wingstop by 3.6% during the 1st quarter. Mason Street Advisors LLC now owns 9,421 shares of the restaurant operator’s stock worth $716,000 after acquiring an additional 323 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Wingstop by 44.3% during the 1st quarter. Wells Fargo & Company MN now owns 542,169 shares of the restaurant operator’s stock worth $41,221,000 after acquiring an additional 166,571 shares during the last quarter. Columbus Circle Investors acquired a new position in shares of Wingstop during the 1st quarter worth approximately $1,537,000. Finally, Piedmont Investment Advisors Inc. increased its holdings in shares of Wingstop by 5.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,364 shares of the restaurant operator’s stock worth $560,000 after acquiring an additional 397 shares during the last quarter.

Shares of NASDAQ WING opened at $103.81 on Thursday. The stock’s fifty day moving average price is $96.62 and its two-hundred day moving average price is $81.81. Wingstop Inc has a one year low of $56.95 and a one year high of $105.18. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 123.58, a P/E/G ratio of 7.15 and a beta of 0.84.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Wingstop had a negative return on equity of 11.09% and a net margin of 11.54%. The firm had revenue of $48.56 million for the quarter, compared to analyst estimates of $47.53 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, research analysts expect that Wingstop Inc will post 0.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. This is a positive change from Wingstop’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, August 29th. Wingstop’s dividend payout ratio is currently 42.86%.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $89.05, for a total value of $445,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Maurice Cooper sold 380 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $78.95, for a total value of $30,001.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,380 shares of company stock worth $943,951. Insiders own 1.00% of the company’s stock.

A number of research firms recently weighed in on WING. BMO Capital Markets reissued an “outperform” rating and set a $108.00 target price (up from $84.00) on shares of Wingstop in a report on Monday, June 24th. Wells Fargo & Co boosted their target price on Wingstop from $85.00 to $111.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Piper Jaffray Companies boosted their target price on Wingstop from $88.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Stifel Nicolaus boosted their target price on Wingstop from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, SunTrust Banks boosted their target price on Wingstop to $102.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Wingstop presently has an average rating of “Hold” and an average price target of $89.93.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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