Wingstop Inc. $WING Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,124 shares of the restaurant operator’s stock after selling 295 shares during the quarter. State of Alaska Department of Revenue’s holdings in Wingstop were worth $1,051,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WING. Signaturefd LLC boosted its stake in Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after buying an additional 77 shares during the period. Geneos Wealth Management Inc. increased its holdings in 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 purchasing an additional 119 shares during the last quarter. UMB Bank n.a. increased its holdings in Wingstop by 280.3% in the 1st quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 199 shares during the last quarter. Parallel Advisors LLC raised its position in Wingstop by 22.3% in the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 33 shares during the period. Finally, National Bank of Canada FI acquired a new position in Wingstop during the first quarter worth $70,000.

Wingstop Stock Performance

Shares of WING opened at $251.98 on Monday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $418.84. The firm has a 50-day simple moving average of $303.50 and a 200-day simple moving average of $297.77. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 3.16 and a beta of 1.78.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The firm had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. During the same period in the prior year, the business earned $0.93 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.30 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Wingstop’s dividend payout ratio is 20.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WING shares. UBS Group lifted their price objective on Wingstop from $335.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Wolfe Research initiated coverage on shares of Wingstop in a research note on Wednesday, July 9th. They set an “outperform” rating and a $280.00 price target on the stock. Sanford C. Bernstein reissued an “overweight” rating and set a $440.00 price target on shares of Wingstop in a research report on Thursday, July 31st. Benchmark dropped their price objective on shares of Wingstop from $410.00 to $340.00 and set a “buy” rating for the company in a report on Monday, September 29th. Finally, Citigroup upped their target price on shares of Wingstop from $296.00 to $321.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.92.

Insider Activity at Wingstop

In related news, CEO Michael Skipworth sold 4,500 shares of Wingstop stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total value of $1,666,530.00. Following the transaction, the chief executive officer directly owned 42,777 shares in the company, valued at $15,842,034.18. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marisa Carona sold 11,938 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $4,421,118.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,838 shares of company stock worth $8,118,535 in the last three months. Insiders own 0.72% of the company’s stock.

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.