Rhumbline Advisers boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 37.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,805 shares of the restaurant operator’s stock after buying an additional 14,798 shares during the period. Rhumbline Advisers owned approximately 0.19% of Wingstop worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LS Investment Advisors LLC raised its holdings in shares of Wingstop by 291.0% in the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after purchasing an additional 3,216 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Wingstop by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 2,530 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Wingstop by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 804 shares during the last quarter. Mason Street Advisors LLC raised its holdings in shares of Wingstop by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock valued at $191,000 after purchasing an additional 468 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Wingstop by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 210 shares during the last quarter.

WING has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 target price for the company in a report on Tuesday, May 23rd. Cowen and Company reiterated an “outperform” rating and issued a $36.00 target price on shares of Wingstop in a report on Sunday, May 28th. Wedbush reiterated a “buy” rating and issued a $36.00 target price on shares of Wingstop in a report on Thursday, July 6th. BidaskClub downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Wingstop has an average rating of “Buy” and a consensus target price of $34.25.

Wingstop Inc. (WING) opened at 33.94 on Tuesday. The company’s 50-day moving average is $33.46 and its 200 day moving average is $32.39. Wingstop Inc. has a 52-week low of $24.74 and a 52-week high of $34.19. The company has a market cap of $986.70 million, a price-to-earnings ratio of 52.95 and a beta of 0.58.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. The business had revenue of $24.70 million during the quarter, compared to analyst estimates of $24.61 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Equities analysts forecast that Wingstop Inc. will post $0.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Sunday, September 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Wednesday, August 30th. Wingstop’s dividend payout ratio (DPR) is 10.94%.

In other Wingstop news, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the transaction, the insider now owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stacy Peterson sold 11,557 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The disclosure for this sale can be found here. In the last three months, insiders sold 47,083 shares of company stock valued at $1,622,033. 1.76% of the stock is owned by insiders.

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Wingstop Company Profile

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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