Amalgamated Bank acquired a new stake in Wingstop Inc (NASDAQ:WING) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,504 shares of the restaurant operator’s stock, valued at approximately $289,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HRT Financial LLC purchased a new stake in shares of Wingstop during the 4th quarter valued at about $504,000. Millennium Management LLC raised its holdings in shares of Wingstop by 316.6% during the 4th quarter. Millennium Management LLC now owns 191,089 shares of the restaurant operator’s stock valued at $12,266,000 after buying an additional 145,216 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Wingstop by 0.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 139,602 shares of the restaurant operator’s stock valued at $8,961,000 after buying an additional 885 shares during the period. Jane Street Group LLC raised its holdings in shares of Wingstop by 89.5% during the 4th quarter. Jane Street Group LLC now owns 9,080 shares of the restaurant operator’s stock valued at $583,000 after buying an additional 4,288 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Wingstop during the 4th quarter valued at about $544,000.
In other Wingstop news, Chairman Charles R. Morrison sold 20,000 shares of Wingstop stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $66.33, for a total transaction of $1,326,600.00. Following the sale, the chairman now directly owns 123,152 shares in the company, valued at approximately $8,168,672.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence Kruguer sold 2,663 shares of Wingstop stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $65.06, for a total value of $173,254.78. Following the sale, the insider now owns 5,594 shares in the company, valued at $363,945.64. The disclosure for this sale can be found here. Insiders have sold a total of 50,100 shares of company stock worth $3,371,693 over the last 90 days. 1.70% of the stock is owned by company insiders.
WING stock opened at $77.64 on Monday. Wingstop Inc has a 52-week low of $46.52 and a 52-week high of $78.20. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 92.43, a price-to-earnings-growth ratio of 5.17 and a beta of 0.89.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Wingstop had a negative return on equity of 15.27% and a net margin of 14.18%. The business had revenue of $40.51 million for the quarter, compared to analysts’ expectations of $40.82 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Wingstop’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Wingstop Inc will post 0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.36 annualized dividend and a yield of 0.46%. Wingstop’s dividend payout ratio is presently 42.86%.
Several equities research analysts recently commented on WING shares. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Wedbush upgraded Wingstop from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $71.00 to $69.00 in a report on Friday, December 28th. BMO Capital Markets started coverage on Wingstop in a report on Tuesday, March 26th. They set an “outperform” rating and a $71.76 target price on the stock. Finally, Zacks Investment Research downgraded Wingstop from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $65.98.
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Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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