Canada Pension Plan Investment Board lessened its stake in Wingstop Inc. (NASDAQ:WING – Free Report) by 45.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,200 shares of the restaurant operator’s stock after selling 3,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Wingstop were worth $1,775,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its stake in Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 29 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of Wingstop by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock worth $2,920,000 after buying an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC grew its holdings in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Wingstop by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,294 shares of the restaurant operator’s stock worth $969,000 after acquiring an additional 47 shares during the last quarter.
Insider Activity
In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now directly owns 97 shares in the company, valued at approximately $36,152.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Report on Wingstop
Wingstop Price Performance
Wingstop stock opened at $426.46 on Friday. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 151.77, a price-to-earnings-growth ratio of 4.26 and a beta of 1.71. The firm has a 50-day moving average of $385.89 and a two-hundred day moving average of $383.01. Wingstop Inc. has a 1 year low of $170.83 and a 1 year high of $433.86.
Wingstop (NASDAQ:WING – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $155.70 million during the quarter, compared to analyst estimates of $146.04 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. Wingstop’s quarterly revenue was up 45.3% on a year-over-year basis. Research analysts expect that Wingstop Inc. will post 3.78 earnings per share for the current year.
Wingstop Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.27 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.25%. Wingstop’s dividend payout ratio is presently 38.43%.
About Wingstop
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.
See Also
- Five stocks we like better than Wingstop
- Investing In Preferred Stock vs. Common Stock
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- 3 Best Fintech Stocks for a Portfolio Boost
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
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 – Free Report).
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.