Russell Investments Group Ltd. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 239,043 shares of the restaurant operator’s stock, valued at approximately $7,387,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after buying an additional 3,472,225 shares during the period. Goldman Sachs Group Inc. raised its position in Wingstop by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 929,958 shares of the restaurant operator’s stock worth $26,300,000 after buying an additional 69,697 shares during the period. Arizona State Retirement System raised its position in Wingstop by 1.4% in the first quarter. Arizona State Retirement System now owns 15,000 shares of the restaurant operator’s stock worth $424,000 after buying an additional 200 shares during the period. Wellington Management Group LLP raised its position in Wingstop by 15.6% in the first quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock worth $111,855,000 after buying an additional 533,086 shares during the period. Finally, Elk Creek Partners LLC raised its position in Wingstop by 36.3% in the first quarter. Elk Creek Partners LLC now owns 237,987 shares of the restaurant operator’s stock worth $6,730,000 after buying an additional 63,418 shares during the period.

Wingstop Inc. (NASDAQ WING) traded down 0.91% on Friday, hitting $34.76. 347,662 shares of the company were exchanged. The stock has a market capitalization of $1.01 billion, a P/E ratio of 54.23 and a beta of 0.60. The company has a 50 day moving average price of $31.56 and a 200-day moving average price of $29.42. Wingstop Inc. has a 52 week low of $24.74 and a 52 week high of $35.49.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.61 million. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities analysts expect that Wingstop Inc. will post $0.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 30th.

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A number of research analysts have weighed in on WING shares. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, May 3rd. Cowen and Company reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Wingstop in a research note on Sunday, May 28th. Stephens raised shares of Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research note on Monday, April 24th. Wedbush reaffirmed a “buy” rating on shares of Wingstop in a research note on Friday, August 4th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $35.00 price objective (up from $31.00) on shares of Wingstop in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.50.

In related news, Director Sidney J. Feltenstein sold 26,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the sale, the director now directly owns 39,750 shares of the company’s stock, valued at approximately $1,194,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sidney J. Feltenstein sold 15,401 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $30.08, for a total transaction of $463,262.08. Following the sale, the director now directly owns 39,750 shares in the company, valued at $1,195,680. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Wingstop Company Profile

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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