Wingstop Inc. (NASDAQ:WING) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in Wingstop Inc. (NASDAQ:WING) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,270 shares of the restaurant operator’s stock after selling 9,689 shares during the period. Sei Investments Co. owned 0.30% of Wingstop worth $37,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after buying an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock valued at $833,026,000 after purchasing an additional 101,917 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Wingstop by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock worth $253,979,000 after purchasing an additional 16,526 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Wingstop by 11.1% during the first quarter. 1832 Asset Management L.P. now owns 340,400 shares of the restaurant operator’s stock worth $124,723,000 after purchasing an additional 34,000 shares during the period.

Wingstop Trading Up 1.9 %

Shares of Wingstop stock opened at $427.92 on Tuesday. Wingstop Inc. has a twelve month low of $166.65 and a twelve month high of $431.03. The firm has a market capitalization of $12.54 billion, a PE ratio of 152.28, a P/E/G ratio of 4.09 and a beta of 1.71. The firm’s 50-day moving average price is $382.70 and its 200 day moving average price is $381.92.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $146.04 million. During the same period in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 45.3% on a year-over-year basis. On average, sell-side analysts predict that Wingstop Inc. will post 3.77 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.27 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, August 16th. Wingstop’s dividend payout ratio (DPR) is currently 38.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BMO Capital Markets raised their target price on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Thursday, August 1st. Stephens reiterated an “overweight” rating and set a $475.00 price objective on shares of Wingstop in a research note on Wednesday, August 14th. Finally, TD Cowen restated a “buy” rating and issued a $450.00 target price on shares of Wingstop in a research note on Wednesday, July 31st. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $379.53.

Insider Buying and Selling

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 value of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Wingstop 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.