Dimensional Fund Advisors LP Sells 69,274 Shares of Wingstop Inc. (NASDAQ:WING)

Dimensional Fund Advisors LP lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,120 shares of the restaurant operator’s stock after selling 69,274 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Wingstop were worth $126,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WING. Rise Advisors LLC acquired a new stake in shares of Wingstop during the first quarter worth about $29,000. Ashton Thomas Private Wealth LLC bought a new stake in Wingstop during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its holdings in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares during the period. GAMMA Investing LLC lifted its stake in Wingstop by 53.3% in the first 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, C M Bidwell & Associates Ltd. acquired a new position in shares of Wingstop in the fourth quarter valued at approximately $47,000.

Wingstop Trading Down 0.4 %

Shares of WING opened at $419.90 on Monday. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 149.43, a PEG ratio of 4.09 and a beta of 1.71. The stock has a 50 day moving average of $381.87 and a 200 day moving average of $381.51. Wingstop Inc. has a 12 month low of $166.65 and a 12 month high of $431.03.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. As a group, equities research analysts predict that Wingstop Inc. will post 3.77 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. Shareholders of record on Friday, August 16th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is 38.43%.

Insider Activity

In other news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 of the company’s stock, valued at $36,152.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WING shares. The Goldman Sachs Group raised their price objective on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wedbush lifted their price target on Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial increased their price objective on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Morgan Stanley lifted their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Finally, Barclays upped their price target on Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $379.53.

Wingstop Company Profile

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.