Invesco LLC Has $292,000 Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Invesco LLC trimmed its stake in shares of Wingstop Inc. (NASDAQ:WING) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 690 shares of the restaurant operator’s stock after selling 138 shares during the quarter. Invesco LLC’s holdings in Wingstop were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Wingstop by 4,651.9% in the 4th quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 1,256 shares in the last quarter. Private Advisor Group LLC boosted its position in Wingstop by 13.6% in the fourth quarter. Private Advisor Group LLC now owns 2,367 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 284 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Wingstop by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,923 shares of the restaurant operator’s stock worth $71,053,000 after buying an additional 733 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Wingstop during the fourth quarter worth approximately $131,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Wingstop by 13.4% during the fourth quarter. QRG Capital Management Inc. now owns 3,864 shares of the restaurant operator’s stock worth $991,000 after buying an additional 458 shares in the last quarter.

Wingstop Stock Up 0.7 %

Shares of WING stock opened at $364.91 on Tuesday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 129.86, a P/E/G ratio of 3.65 and a beta of 1.71. Wingstop Inc. has a 12-month low of $159.38 and a 12-month high of $431.03. The firm has a fifty day moving average of $381.49 and a 200-day moving average of $378.35.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data 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 net margin of 17.33% and a negative return on equity of 21.18%. The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $146.04 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 45.3% compared to the same quarter last year. On average, equities analysts expect that Wingstop Inc. will post 3.75 EPS for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio is 38.43%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WING. Raymond James upgraded Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. TD Cowen restated a “buy” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley raised their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Finally, Stephens restated an “overweight” rating and issued a $475.00 price objective on shares of Wingstop in a research report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Wingstop currently has an average rating of “Hold” and an average target price of $378.65.

Insider Buying and Selling at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop 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 completion of the sale, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

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.