Campbell & CO Investment Adviser LLC bought a new position in shares of Wingstop Inc (NASDAQ:WING) in the second quarter, HoldingsChannel reports. The firm bought 1,477 shares of the restaurant operator’s stock, valued at approximately $205,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of WING. FDx Advisors Inc. bought a new stake in Wingstop during the 1st quarter worth approximately $36,000. Bartlett & Co. LLC bought a new position in shares of Wingstop during the 1st quarter worth approximately $40,000. James Investment Research Inc. bought a new position in shares of Wingstop during the 1st quarter worth approximately $60,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Wingstop by 39.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,118 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 318 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Wingstop by 23.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,294 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 247 shares in the last quarter.
In other Wingstop news, insider Madison Jobe sold 3,000 shares of Wingstop stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.30, for a total value of $372,900.00. Following the transaction, the insider now owns 15,605 shares in the company, valued at $1,939,701.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles R. Morrison sold 15,000 shares of Wingstop stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $121.54, for a total value of $1,823,100.00. The disclosure for this sale can be found here. Insiders sold 18,459 shares of company stock worth $2,254,284 in the last 90 days. 1.00% of the stock is owned by company insiders.
Several research firms have recently commented on WING. Goldman Sachs Group increased their price objective on Wingstop from $124.00 to $170.00 and gave the company a “conviction-buy” rating in a report on Thursday. BTIG Research downgraded Wingstop from a “buy” rating to a “neutral” rating in a report on Thursday, July 9th. Cowen reissued a “buy” rating on shares of Wingstop in a report on Wednesday, July 22nd. BMO Capital Markets increased their price objective on Wingstop from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday. They noted that the move was a valuation call. Finally, Morgan Stanley increased their price objective on Wingstop from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.88.
Shares of NASDAQ WING opened at $156.25 on Friday. Wingstop Inc has a 52 week low of $44.27 and a 52 week high of $159.94. The stock has a market capitalization of $4.70 billion, a P/E ratio of 158.74, a PEG ratio of 13.73 and a beta of 1.17. The stock’s fifty day moving average is $134.41 and its 200 day moving average is $107.46.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. Wingstop had a negative return on equity of 14.61% and a net margin of 12.73%. The company had revenue of $66.10 million for the quarter, compared to analysts’ expectations of $62.46 million. During the same quarter last year, the business earned $0.17 earnings per share. Wingstop’s revenue was up 36.0% on a year-over-year basis. Research analysts anticipate that Wingstop Inc will post 1.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.14 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.36%. This is a boost from Wingstop’s previous quarterly dividend of $0.11. Wingstop’s dividend payout ratio (DPR) is presently 60.27%.
Wingstop Company Profile
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.
Featured Article: What is Green Investing?
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc (NASDAQ:WING).
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.