Teacher Retirement System of Texas Sells 4,786 Shares of Wingstop Inc. (NASDAQ:WING)

Teacher Retirement System of Texas reduced its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,414 shares of the restaurant operator's stock after selling 4,786 shares during the period. Teacher Retirement System of Texas' holdings in Wingstop were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop during the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 62 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 54 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. BTIG Research upped their target price on Wingstop from $350.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Sanford C. Bernstein reiterated an "overweight" rating and set a $360.00 target price on shares of Wingstop in a research report on Wednesday, May 14th. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, UBS Group cut their target price on Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $358.83.

Wingstop Trading Down 0.6%

WING traded down $1.95 on Friday, reaching $328.21. The stock had a trading volume of 581,852 shares, compared to its average volume of 657,378. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The firm has a 50-day moving average of $332.77 and a 200-day moving average of $281.66. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 4.59 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. The business had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. Sell-side analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. Wingstop's payout ratio is 18.09%.

Insider Activity

In other news, SVP Raj Kapoor sold 637 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the sale, the senior vice president owned 517 shares of the company's stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the sale, the chief executive officer directly owned 47,190 shares of the company's stock, valued at approximately $15,919,074.60. The trade was a 17.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.