Rafferty Asset Management LLC purchased a new position in Wingstop Inc (NASDAQ:WING) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,728 shares of the restaurant operator’s stock, valued at approximately $801,000.
Several other large investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Wingstop in the second quarter valued at about $118,000. GWM Advisors LLC purchased a new stake in shares of Wingstop in the third quarter valued at about $224,000. Janus Henderson Group PLC purchased a new stake in shares of Wingstop in the third quarter valued at about $247,000. Nisa Investment Advisors LLC raised its holdings in shares of Wingstop by 46.4% in the third quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 1,300 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Wingstop in the second quarter valued at about $245,000.
Shares of Wingstop stock opened at $65.62 on Monday. Wingstop Inc has a 12-month low of $37.50 and a 12-month high of $75.58. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 88.68, a P/E/G ratio of 3.93 and a beta of 1.11.
The business also recently announced a special dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 26th will be issued a $3.05 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a yield of 0.55%. Wingstop’s dividend payout ratio (DPR) is presently 48.65%.
A number of equities research analysts have recently commented on WING shares. SunTrust Banks upped their target price on shares of Wingstop from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Guggenheim raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, October 3rd. BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 13th. Stifel Nicolaus increased their price target on shares of Wingstop from $58.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 27th. Finally, Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Saturday, October 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.13.
In other news, insider Stacy Peterson sold 3,437 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $66.05, for a total value of $227,013.85. Following the sale, the insider now directly owns 38,339 shares in the company, valued at $2,532,290.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Hislop sold 5,900 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $69.11, for a total transaction of $407,749.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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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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