Great West Life Assurance Co. Can Has $1.32 Million Stake in Wingstop Inc (WING)

Great West Life Assurance Co. Can trimmed its stake in shares of Wingstop Inc (NASDAQ:WING) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,519 shares of the restaurant operator’s stock after selling 2,400 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of Wingstop worth $1,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its position in Wingstop by 2.5% during the first quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock valued at $721,000 after buying an additional 619 shares during the period. Dimensional Fund Advisors LP raised its position in Wingstop by 20.6% during the first quarter. Dimensional Fund Advisors LP now owns 90,752 shares of the restaurant operator’s stock valued at $2,566,000 after buying an additional 15,478 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Wingstop by 3.2% during 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 buying an additional 210 shares during the period. Texas Permanent School Fund raised its position in Wingstop by 1.2% during the second quarter. Texas Permanent School Fund now owns 21,156 shares of the restaurant operator’s stock valued at $654,000 after buying an additional 258 shares during the period. Finally, TD Asset Management Inc. raised its position in Wingstop by 35.9% during the second quarter. TD Asset Management Inc. now owns 46,600 shares of the restaurant operator’s stock valued at $1,440,000 after buying an additional 12,300 shares during the period.

Wingstop Inc (NASDAQ WING) opened at $39.36 on Friday. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop Inc has a 52-week low of $24.74 and a 52-week high of $43.25. The firm has a market capitalization of $1,178.06, a PE ratio of 56.24, a price-to-earnings-growth ratio of 2.86 and a beta of 0.69.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts anticipate that Wingstop Inc will post 0.73 earnings per share for the current year.

The company also recently announced a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were given a $0.07 dividend. This represents a yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s payout ratio is currently 19.44%.

Several research firms recently weighed in on WING. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Deutsche Bank began coverage on Wingstop in a research report on Monday. They set a “hold” rating and a $38.00 price target on the stock. Guggenheim lowered Wingstop from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 29th. Goldman Sachs Group reissued a “buy” rating and set a $41.00 price target on shares of Wingstop in a research report on Wednesday, November 29th. Finally, Cowen reissued a “buy” rating and set a $41.00 price target on shares of Wingstop in a research report on Friday, November 24th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.55.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/22/great-west-life-assurance-co-can-has-1-32-million-stake-in-wingstop-inc-wing.html.

About Wingstop

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.

Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc (NASDAQ:WING).

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit