Bank of New York Mellon Corp boosted its position in Wingstop Inc. (NASDAQ:WING) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 363,043 shares of the restaurant operator’s stock after acquiring an additional 32,550 shares during the quarter. Bank of New York Mellon Corp owned 1.25% of Wingstop worth $11,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Denver Investment Advisors LLC increased its stake in Wingstop by 7.4% in the second quarter. Denver Investment Advisors LLC now owns 16,385 shares of the restaurant operator’s stock valued at $506,000 after acquiring an additional 1,135 shares during the last quarter. Rhumbline Advisers increased its stake in Wingstop by 37.9% in the second quarter. Rhumbline Advisers now owns 53,805 shares of the restaurant operator’s stock valued at $1,663,000 after acquiring an additional 14,798 shares during the last quarter. Arizona State Retirement System increased its stake in Wingstop by 0.7% in the second quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Wingstop by 26.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,575 shares of the restaurant operator’s stock valued at $3,850,000 after acquiring an additional 26,309 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in Wingstop by 35.9% in the second quarter. TD Asset Management Inc. now owns 46,600 shares of the restaurant operator’s stock valued at $1,440,000 after acquiring an additional 12,300 shares during the last quarter.

Wingstop Inc. (NASDAQ WING) opened at 33.96 on Monday. Wingstop Inc. has a 52 week low of $24.74 and a 52 week high of $34.94. The company has a market capitalization of $987.29 million, a PE ratio of 52.98 and a beta of 0.58. The stock’s 50 day moving average price is $33.60 and its 200-day moving average price is $33.60.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, August 30th. Wingstop’s dividend payout ratio is 10.94%.

In other news, insider Lawrence Kruguer sold 10,526 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $33.67, for a total transaction of $354,410.42. Following the sale, the insider now directly owns 22,116 shares in the company, valued at approximately $744,645.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Morrison sold 25,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.71, for a total transaction of $867,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,083 shares of company stock worth $1,622,033 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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A number of research analysts recently commented on the company. Cowen and Company reissued a “buy” rating on shares of Wingstop in a research note on Thursday, August 24th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reissued an “equal weight” rating and issued a $34.00 target price (up previously from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Finally, Wedbush reissued a “buy” rating and issued a $36.00 target price on shares of Wingstop in a research note on Thursday, July 6th. Three 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.25.

About Wingstop

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.

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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