Eqis Capital Management Inc. Acquires Shares of 2,389 Wingstop Inc (NASDAQ:WING)

Eqis Capital Management Inc. acquired a new stake in Wingstop Inc (NASDAQ:WING) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,389 shares of the restaurant operator’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its position in shares of Wingstop by 80.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 5,374 shares of the restaurant operator’s stock valued at $509,000 after buying an additional 2,390 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Wingstop by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,547 shares of the restaurant operator’s stock valued at $1,094,000 after buying an additional 200 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Wingstop by 2.8% during the second quarter. Foundry Partners LLC now owns 37,688 shares of the restaurant operator’s stock valued at $3,571,000 after buying an additional 1,037 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Wingstop by 1.2% during the second quarter. State of Alaska Department of Revenue now owns 10,004 shares of the restaurant operator’s stock valued at $947,000 after buying an additional 119 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Wingstop by 43.1% during the second quarter. Artemis Investment Management LLP now owns 210,874 shares of the restaurant operator’s stock valued at $19,425,000 after buying an additional 63,554 shares during the last quarter.

Several research analysts recently issued reports on the company. Loop Capital assumed coverage on Wingstop in a research report on Tuesday, October 8th. They set a “buy” rating and a $100.00 target price on the stock. Cowen set a $104.00 target price on Wingstop and gave the company a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets set a $108.00 target price on Wingstop and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Co lifted their target price on Wingstop from $103.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Raymond James assumed coverage on Wingstop in a research report on Wednesday, September 4th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.00.

WING stock opened at $73.67 on Tuesday. The stock’s fifty day simple moving average is $84.14 and its two-hundred day simple moving average is $89.26. Wingstop Inc has a 1-year low of $56.95 and a 1-year high of $107.43. The stock has a market cap of $2.22 billion, a P/E ratio of 87.70, a P/E/G ratio of 5.80 and a beta of 0.79.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Wingstop had a negative return on equity of 9.95% and a net margin of 10.61%. The business had revenue of $49.88 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that Wingstop Inc will post 0.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.11 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.44 annualized dividend and a yield of 0.60%. Wingstop’s dividend payout ratio is currently 52.38%.

In other Wingstop news, insider Michael Skipworth sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.42, for a total value of $164,840.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles R. Morrison sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $75.80, for a total value of $1,516,000.00. Following the completion of the transaction, the chief executive officer now directly owns 88,645 shares in the company, valued at approximately $6,719,291. The disclosure for this sale can be found here. In the last three months, insiders sold 23,100 shares of company stock worth $1,792,006. Insiders own 1.00% of the company’s stock.

Wingstop Profile

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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