Wingstop Inc. (WING) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in Wingstop Inc. (NASDAQ:WING) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,301,793 shares of the restaurant operator’s stock after selling 65,173 shares during the quarter. Stephens Investment Management Group LLC owned approximately 4.49% of Wingstop worth $40,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WING. BlackRock Inc. lifted its holdings in shares of Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after buying an additional 3,472,225 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Wingstop by 15.6% in the first quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock worth $111,855,000 after buying an additional 533,086 shares in the last quarter. Cortina Asset Management LLC purchased a new position in shares of Wingstop in the first quarter worth $13,430,000. Marshall Wace North America L.P. purchased a new position in shares of Wingstop in the second quarter worth $11,947,000. Finally, Pier Capital LLC purchased a new position in shares of Wingstop in the second quarter worth $7,703,000.

Wingstop Inc. (NASDAQ WING) traded down 0.85% on Monday, reaching $32.62. 53,756 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.88. Wingstop Inc. has a one year low of $24.74 and a one year high of $35.91. The firm has a market cap of $948.33 million, a PE ratio of 50.89 and a beta of 0.58.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. The business had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.61 million. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities analysts anticipate that Wingstop Inc. will post $0.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.85%. Wingstop’s dividend payout ratio (DPR) is presently 10.94%.

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In other news, insider Stacy Peterson sold 11,557 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Morrison sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

WING has been the topic of several research reports. Cowen and Company restated a “buy” rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC restated an “equal weight” rating and issued a $34.00 price target (up previously from $32.00) on shares of Wingstop in a research report on Friday, August 4th. Finally, Wedbush restated an “outperform” rating and issued a $36.00 price target on shares of Wingstop in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Wingstop has an average rating of “Buy” and an average target price of $34.25.

Wingstop 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.

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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