BNP Paribas Arbitrage SA cut its stake in shares of Wingstop Inc (NASDAQ:WING) by 21.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,454 shares of the restaurant operator’s stock after selling 2,542 shares during the period. BNP Paribas Arbitrage SA’s holdings in Wingstop were worth $447,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Meadow Creek Investment Management LLC increased its position in shares of Wingstop by 25.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after acquiring an additional 1,224 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Wingstop during the first quarter valued at about $269,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Wingstop during the first quarter valued at about $275,000. Driehaus Capital Management LLC acquired a new stake in shares of Wingstop during the fourth quarter valued at about $278,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Wingstop during the first quarter valued at about $309,000.
Shares of Wingstop opened at $53.12 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of -1.49. The company has a market capitalization of $1.53 billion, a P/E ratio of 71.78, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. Wingstop Inc has a fifty-two week low of $29.54 and a fifty-two week high of $55.85.
Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $36.34 million. Wingstop had a net margin of 23.15% and a negative return on equity of 28.86%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. research analysts predict that Wingstop Inc will post 0.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, June 1st. Wingstop’s dividend payout ratio (DPR) is currently 37.84%.
In related news, insider Stacy Peterson sold 12,350 shares of Wingstop stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $48.04, for a total value of $593,294.00. Following the completion of the transaction, the insider now owns 39,423 shares in the company, valued at $1,893,880.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles R. Morrison sold 11,000 shares of Wingstop stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $48.20, for a total transaction of $530,200.00. The disclosure for this sale can be found here. Insiders sold 66,695 shares of company stock valued at $3,421,284 in the last 90 days. Company insiders own 1.70% of the company’s stock.
A number of equities research analysts have weighed in on WING shares. Zacks Investment Research cut shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. ValuEngine upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Morgan Stanley lifted their price target on shares of Wingstop from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 16th. Stifel Nicolaus lifted their price target on shares of Wingstop from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Finally, BTIG Research started coverage on shares of Wingstop in a research report on Friday, April 20th. They set a “buy” rating and a $59.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Wingstop presently has a consensus rating of “Buy” and a consensus price target of $50.79.
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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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