Rhumbline Advisers Sells 3,760 Shares of Wingstop Inc. $WING

Rhumbline Advisers lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,153 shares of the restaurant operator’s stock after selling 3,760 shares during the period. Rhumbline Advisers’ holdings in Wingstop were worth $26,654,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WING. Mutual of America Capital Management LLC boosted its holdings in shares of Wingstop by 7.3% during the first quarter. Mutual of America Capital Management LLC now owns 16,553 shares of the restaurant operator’s stock worth $3,734,000 after purchasing an additional 1,122 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Wingstop during the 1st quarter valued at approximately $753,000. Avantax Advisory Services Inc. raised its position in Wingstop by 61.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,593 shares of the restaurant operator’s stock valued at $810,000 after purchasing an additional 1,366 shares during the last quarter. Assetmark Inc. lifted its holdings in Wingstop by 5.3% in the 1st quarter. Assetmark Inc. now owns 9,522 shares of the restaurant operator’s stock worth $2,148,000 after buying an additional 480 shares during the period. Finally, TD Asset Management Inc bought a new stake in shares of Wingstop in the 1st quarter worth approximately $11,400,000.

Wingstop Trading Down 1.5%

Shares of WING stock opened at $259.08 on Thursday. The company’s fifty day moving average price is $246.56 and its 200-day moving average price is $300.16. The stock has a market cap of $7.20 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 3.63 and a beta of 1.73. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. Wingstop’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, sell-side analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st. Wingstop’s payout ratio is currently 19.54%.

Insider Activity at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the sale, the director owned 5,283 shares in the company, valued at $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WING shares. The Goldman Sachs Group reduced their target price on Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Wedbush reaffirmed an “outperform” rating on shares of Wingstop in a research report on Wednesday, September 17th. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Wednesday, November 5th. Finally, UBS Group reissued a “neutral” rating and issued a $295.00 price target on shares of Wingstop in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.96.

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.