Texas Permanent School Fund Corp Boosts Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Texas Permanent School Fund Corp increased its stake in Wingstop Inc. (NASDAQ:WING) by 1.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 25,744 shares of the restaurant operator’s stock after acquiring an additional 334 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Wingstop were worth $9,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Wingstop in the 1st quarter worth $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the fourth quarter worth $28,000. GAMMA Investing LLC grew its holdings in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Wingstop during the fourth quarter worth $39,000. Finally, Riverview Trust Co purchased a new stake in shares of Wingstop during the first quarter worth $66,000.

Wingstop Trading Up 0.3 %

NASDAQ WING traded up $0.99 during trading hours on Thursday, reaching $383.60. The company had a trading volume of 372,445 shares, compared to its average volume of 451,791. The stock has a 50-day moving average of $398.41 and a 200 day moving average of $348.37. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $431.03. The stock has a market capitalization of $11.24 billion, a P/E ratio of 136.51, a price-to-earnings-growth ratio of 5.19 and a beta of 1.69.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. Wingstop’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. As a group, sell-side analysts predict that Wingstop Inc. will post 3.4 EPS for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s dividend payout ratio is presently 31.32%.

Insider Transactions at Wingstop

In other news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ania Smith sold 566 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the sale, the director now directly owns 1,164 shares in the company, valued at $443,379.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WING. Robert W. Baird upped their target price on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Barclays upped their target price on shares of Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. The Goldman Sachs Group began coverage on shares of Wingstop in a report on Thursday, June 13th. They set a “neutral” rating and a $407.00 target price for the company. BMO Capital Markets upped their target price on shares of Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $353.17.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.