Wingstop Inc. (NASDAQ:WING) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Wingstop Inc. (NASDAQ:WING) by 79.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,720 shares of the restaurant operator’s stock after buying an additional 2,530 shares during the period. State of Alaska Department of Revenue’s holdings in Wingstop were worth $176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Wingstop by 59.0% in the fourth quarter. State Street Corp now owns 381,506 shares of the restaurant operator’s stock valued at $11,292,000 after buying an additional 141,522 shares during the period. Dimensional Fund Advisors LP boosted its position in Wingstop by 112.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,274 shares of the restaurant operator’s stock valued at $2,227,000 after buying an additional 39,761 shares during the period. AQR Capital Management LLC bought a new position in Wingstop during the fourth quarter valued at $231,000. Teachers Advisors LLC boosted its position in Wingstop by 1.0% in the fourth quarter. Teachers Advisors LLC now owns 24,881 shares of the restaurant operator’s stock valued at $736,000 after buying an additional 252 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Wingstop by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 200 shares during the period.

Shares of Wingstop Inc. (NASDAQ WING) opened at 34.76 on Friday. The company has a 50 day moving average of $31.56 and a 200-day moving average of $29.42. Wingstop Inc. has a 52-week low of $24.74 and a 52-week high of $35.49. The company has a market cap of $1.01 billion, a PE ratio of 54.23 and a beta of 0.60.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The business had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.61 million. During the same period in the previous year, the company earned $0.15 earnings per share. Analysts forecast that Wingstop Inc. will post $0.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, August 30th.

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WING has been the subject of several recent research reports. Cowen and Company reiterated an “outperform” rating and set a $34.00 target price on shares of Wingstop in a research report on Sunday, April 23rd. Stephens upgraded shares of Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Wednesday, May 3rd. Wedbush reiterated an “outperform” rating and set a $36.00 target price on shares of Wingstop in a research report on Friday, May 5th. Finally, Barclays PLC upped their target price on shares of Wingstop from $26.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, May 5th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.50.

In related news, Director Sidney J. Feltenstein sold 26,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the transaction, the director now directly owns 39,750 shares in the company, valued at $1,194,885. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sidney J. Feltenstein sold 15,401 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $30.08, for a total transaction of $463,262.08. Following the transaction, the director now owns 39,750 shares in the company, valued at $1,195,680. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

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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