Wingstop Inc (WING) Shares Sold by Fmr LLC

Fmr LLC cut its stake in shares of Wingstop Inc (NASDAQ:WING) by 27.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 743,427 shares of the restaurant operator’s stock after selling 287,541 shares during the quarter. Fmr LLC’s holdings in Wingstop were worth $47,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Wingstop by 1.9% during the fourth quarter. BlackRock Inc. now owns 4,221,568 shares of the restaurant operator’s stock valued at $270,985,000 after buying an additional 78,511 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Wingstop by 2.8% during the third quarter. Vanguard Group Inc. now owns 2,893,632 shares of the restaurant operator’s stock valued at $197,548,000 after buying an additional 77,875 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Wingstop by 2.8% during the third quarter. Vanguard Group Inc now owns 2,893,632 shares of the restaurant operator’s stock valued at $197,548,000 after buying an additional 77,875 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of Wingstop by 2.6% during the third quarter. Federated Investors Inc. PA now owns 898,551 shares of the restaurant operator’s stock valued at $61,344,000 after buying an additional 22,451 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Wingstop by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 828,020 shares of the restaurant operator’s stock valued at $53,152,000 after buying an additional 18,474 shares during the last quarter.

WING has been the topic of a number of research analyst reports. Guggenheim lowered shares of Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Tuesday, April 2nd. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Wedbush raised shares of Wingstop from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $71.00 to $69.00 in a report on Friday, December 28th. BMO Capital Markets initiated coverage on shares of Wingstop in a report on Tuesday, March 26th. They set an “outperform” rating and a $71.76 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.98.

In other Wingstop news, insider Lawrence Kruguer sold 3,718 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.60, for a total value of $243,900.80. Following the completion of the transaction, the insider now owns 4,832 shares in the company, valued at $316,979.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Morrison sold 20,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $69.10, for a total transaction of $1,382,000.00. Following the completion of the transaction, the chairman now owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The disclosure for this sale can be found here. Insiders have sold 30,100 shares of company stock valued at $2,045,093 over the last 90 days. 1.70% of the stock is currently owned by insiders.

NASDAQ WING opened at $76.16 on Thursday. The firm has a market cap of $2.25 billion, a P/E ratio of 90.67, a price-to-earnings-growth ratio of 5.13 and a beta of 0.89. Wingstop Inc has a 1 year low of $46.52 and a 1 year high of $78.20.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $40.51 million for the quarter, compared to analyst estimates of $40.82 million. Wingstop had a net margin of 14.18% and a negative return on equity of 15.27%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Equities analysts anticipate that Wingstop Inc will post 0.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.36 dividend on an annualized basis and a yield of 0.47%. Wingstop’s dividend payout ratio is presently 42.86%.

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About Wingstop

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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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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