Sterling Capital Management LLC Has $1.29 Million Stake in Wingstop Inc (WING)

Sterling Capital Management LLC grew its stake in Wingstop Inc (NASDAQ:WING) by 46.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,705 shares of the restaurant operator’s stock after purchasing an additional 12,287 shares during the period. Sterling Capital Management LLC owned approximately 0.13% of Wingstop worth $1,287,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WING. Piedmont Investment Advisors LLC bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $210,000. Bamco Inc. NY lifted its stake in shares of Wingstop by 4.7% during the 3rd quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock worth $33,582,000 after acquiring an additional 45,000 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $350,000. Engineers Gate Manager LP bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $1,453,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Wingstop by 39.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock worth $18,207,000 after acquiring an additional 153,675 shares during the last quarter.

Shares of Wingstop Inc (WING) opened at $40.49 on Wednesday. Wingstop Inc has a 1 year low of $24.74 and a 1 year high of $43.25. The firm has a market capitalization of $1,190.28, a price-to-earnings ratio of 56.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The business had revenue of $26.03 million for the quarter, compared to the consensus estimate of $25.13 million. During the same period last year, the business posted $0.13 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. equities research analysts predict that Wingstop Inc will post 0.73 earnings per share for the current year.

The firm also recently announced a None dividend, which was paid on Tuesday, December 19th. Investors of record on Monday, December 4th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is 19.44%.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Wingstop in a research note on Monday, October 2nd. They set a “hold” rating and a $35.00 price target for the company. Cowen reissued an “outperform” rating and set a $37.00 price target on shares of Wingstop in a research note on Saturday, September 16th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group raised their price target on Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group reissued a “buy” rating and set a $41.00 price target on shares of Wingstop in a research note on Wednesday, November 29th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.55.

In related news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is owned by 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.

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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