Wingstop Inc (WING) Holdings Reduced by Fmr LLC
Fmr LLC decreased its position in shares of Wingstop Inc (NASDAQ:WING) by 19.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,132,482 shares of the restaurant operator’s stock after selling 269,200 shares during the period. Fmr LLC owned 3.87% of Wingstop worth $59,025,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WING. Point72 Asia Hong Kong Ltd raised its stake in Wingstop by 1,022.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,481 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 2,260 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Wingstop during the 2nd quarter worth approximately $118,000. Everence Capital Management Inc. bought a new stake in Wingstop during the 2nd quarter worth approximately $212,000. Hartford Investment Management Co. bought a new stake in Wingstop during the 2nd quarter worth approximately $228,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Wingstop during the 1st quarter worth approximately $238,000.
In related news, Director Michael J. Hislop sold 5,900 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $69.11, for a total value of $407,749.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Morrison sold 17,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $60.13, for a total transaction of $1,022,210.00. The disclosure for this sale can be found here. Insiders sold 32,708 shares of company stock worth $2,024,094 in the last 90 days. 1.76% of the stock is currently owned by company insiders.
Shares of WING opened at $66.35 on Monday. Wingstop Inc has a fifty-two week low of $31.53 and a fifty-two week high of $70.74. The firm has a market capitalization of $1.94 billion, a P/E ratio of 89.66, a price-to-earnings-growth ratio of 4.03 and a beta of 1.03. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -1.53.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. The company had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $36.92 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Wingstop’s quarterly revenue was up 17.3% on a year-over-year basis. analysts anticipate that Wingstop Inc will post 0.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 31st. This is a boost from Wingstop’s previous quarterly dividend of $0.07. Wingstop’s payout ratio is currently 48.65%.
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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