Franklin Resources Inc. trimmed its position in Wingstop Inc (NASDAQ:WING) by 13.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 953,239 shares of the restaurant operator’s stock after selling 146,203 shares during the period. Franklin Resources Inc. owned 3.28% of Wingstop worth $37,157,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Turner Investments LLC acquired a new position in Wingstop in the third quarter worth about $150,000. First Mercantile Trust Co. acquired a new position in Wingstop in the fourth quarter worth about $223,000. Fortaleza Asset Management Inc. grew its stake in Wingstop by 71.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock worth $232,000 after purchasing an additional 2,475 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Wingstop in the third quarter worth about $210,000. Finally, Driehaus Capital Management LLC acquired a new position in Wingstop in the fourth quarter worth about $278,000.
A number of brokerages have commented on WING. Stephens restated a “buy” rating and issued a $50.00 target price on shares of Wingstop in a research note on Wednesday, January 31st. Cowen restated an “outperform” rating and issued a $51.00 target price (up from $46.00) on shares of Wingstop in a research note on Tuesday, February 6th. Zacks Investment Research upgraded Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Friday, February 2nd. Robert W. Baird downgraded Wingstop from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 20th. Finally, Wedbush restated a “buy” rating and issued a $41.00 target price on shares of Wingstop in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.42.
Shares of Wingstop Inc (NASDAQ:WING) opened at $48.50 on Tuesday. The firm has a market capitalization of $1,416.30, a P/E ratio of 52.15, a PEG ratio of 3.28 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -2.69. Wingstop Inc has a twelve month low of $25.57 and a twelve month high of $49.69.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. sell-side analysts forecast that Wingstop Inc will post 0.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. Wingstop’s dividend payout ratio (DPR) is presently 22.58%.
In other news, insider Flynn Dekker sold 10,000 shares of Wingstop stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $45.60, for a total transaction of $456,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,770 shares of company stock worth $827,718. Corporate insiders own 1.76% of the company’s stock.
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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.
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