Whittier Trust Co. Sells 23,860 Shares of Wingstop Inc. $WING

Whittier Trust Co. trimmed its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 96.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,000 shares of the restaurant operator’s stock after selling 23,860 shares during the period. Whittier Trust Co.’s holdings in Wingstop were worth $171,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WING. SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after buying an additional 60 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. GW&K Investment Management LLC increased its holdings in shares of Wingstop by 75.7% during the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 81 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Wingstop in the 2nd quarter valued at approximately $46,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 119 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on WING. Wall Street Zen raised Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, July 14th. BTIG Research dropped their price target on shares of Wingstop from $305.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citigroup reduced their price objective on shares of Wingstop from $237.00 to $208.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. DA Davidson decreased their price objective on shares of Wingstop from $200.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, UBS Group reiterated a “neutral” rating on shares of Wingstop in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $241.81.

Wingstop Stock Performance

NASDAQ WING opened at $113.90 on Friday. The stock has a 50-day simple moving average of $146.48 and a 200 day simple moving average of $177.83. Wingstop Inc. has a twelve month low of $110.44 and a twelve month high of $345.81. The stock has a market capitalization of $3.10 billion, a PE ratio of 27.05, a P/E/G ratio of 1.33 and a beta of 1.81.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $185.56 million for the quarter, compared to analyst estimates of $190.25 million. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%.The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. As a group, equities research analysts forecast that Wingstop Inc. will post 4.5 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th will be given a $0.33 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Wingstop’s dividend payout ratio (DPR) is currently 28.50%.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.