Rhumbline Advisers raised its stake in shares of Wingstop Inc (NASDAQ:WING) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,644 shares of the restaurant operator’s stock after purchasing an additional 9,224 shares during the period. Rhumbline Advisers owned 0.22% of Wingstop worth $2,520,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of WING. Parametric Portfolio Associates LLC purchased a new position in Wingstop during the second quarter valued at $263,000. The Manufacturers Life Insurance Company lifted its holdings in Wingstop by 77.9% during the second 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 in the last quarter. California State Teachers Retirement System lifted its holdings in Wingstop by 66.1% during the second 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 in the last quarter. First Trust Advisors LP lifted its holdings in Wingstop by 94.3% during the third quarter. First Trust Advisors LP now owns 31,412 shares of the restaurant operator’s stock valued at $1,044,000 after purchasing an additional 15,244 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Wingstop during the third quarter valued at $424,000.
In related news, insider Flynn Dekker sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $45.60, for a total transaction of $456,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,770 shares of company stock valued at $827,718. 1.76% of the stock is owned by company insiders.
Shares of Wingstop stock opened at $48.65 on Monday. The company has a market cap of $1,416.30, a PE ratio of 52.31, a PEG ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of -2.69, a current ratio of 0.84 and a quick ratio of 0.84. Wingstop Inc has a 12-month low of $25.57 and a 12-month high of $49.69.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 EPS for the quarter, beating the Zacks’ 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 net margin of 25.87% and a negative return on equity of 37.25%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. sell-side analysts anticipate that Wingstop Inc will post 0.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, March 8th. Wingstop’s payout ratio is currently 22.58%.
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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