Wingstop Inc. (NASDAQ:WING) Stake Maintained by New York State Teachers Retirement System

New York State Teachers Retirement System maintained its position in Wingstop Inc. (NASDAQ:WING) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 11,409 shares of the restaurant operator’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Wingstop were worth $323,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WING. TD Asset Management Inc. raised its position in Wingstop by 37.2% in the first quarter. TD Asset Management Inc. now owns 34,300 shares of the restaurant operator’s stock valued at $970,000 after buying an additional 9,300 shares in the last quarter. LS Investment Advisors LLC raised its position in Wingstop by 291.0% in the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 3,216 shares in the last quarter. Comerica Bank raised its position in Wingstop by 4.7% in the first quarter. Comerica Bank now owns 31,495 shares of the restaurant operator’s stock valued at $929,000 after buying an additional 1,401 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Wingstop by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 804 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Wingstop by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 40,119 shares of the restaurant operator’s stock valued at $1,135,000 after buying an additional 1,449 shares in the last quarter.

Wingstop Inc. (WING) opened at 29.75 on Friday. The company has a 50-day moving average of $30.68 and a 200-day moving average of $28.96. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $33.42. The company has a market cap of $862.07 million, a price-to-earnings ratio of 49.50 and a beta of 0.62.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Wingstop had a negative return on equity of 33.91% and a net margin of 18.44%. The company had revenue of $26.57 million during the quarter, compared to analysts’ expectations of $24.22 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Analysts predict that Wingstop Inc. will post $0.70 EPS for the current year.

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Several research firms have recently commented on WING. Stephens upped their price target on shares of Wingstop from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Wells Fargo & Company restated an “outperform” rating and set a $35.00 price target (up previously from $31.00) on shares of Wingstop in a research report on Monday, May 8th. Cowen and Company restated an “outperform” rating and set a $36.00 price target on shares of Wingstop in a research report on Monday, June 26th. Zacks Investment Research lowered shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Finally, Wedbush restated an “outperform” rating and set a $36.00 price target on shares of Wingstop in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.55.

In other news, Director Sidney J. Feltenstein sold 26,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $30.06, for a total value of $781,560.00. Following the completion of the sale, the director now directly owns 39,750 shares in the company, valued at $1,194,885. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Mravle sold 34,605 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total value of $1,066,526.10. Following the completion of the sale, the chief financial officer now owns 75,400 shares of the company’s stock, valued at $2,323,828. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,510 shares of company stock valued at $2,448,937. 1.76% of the stock is currently owned by corporate 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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