reduced its position in shares of Wingstop Inc (NASDAQ:WING) by 40.0% in the third quarter, according to the company in its most recent filing with the SEC. 138,717 shares of the restaurant operator’s stock after selling 92,654 shares during the quarter. 0.47% of Wingstop worth $9,470,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GWM Advisors LLC bought a new stake in shares of Wingstop in the third quarter worth approximately $224,000. Janus Henderson Group PLC bought a new stake in shares of Wingstop in the third quarter worth approximately $247,000. Verition Fund Management LLC bought a new stake in shares of Wingstop in the third quarter worth approximately $269,000. Nisa Investment Advisors LLC grew its stake in shares of Wingstop by 46.4% in the third quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock worth $280,000 after acquiring an additional 1,300 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Wingstop in the second quarter worth approximately $322,000.

Get Wingstop alerts: Shares of NASDAQ WING opened at $59.93 on Friday. The company has a market cap of $1.78 billion, a P/E ratio of 70.64, a price-to-earnings-growth ratio of 3.63 and a beta of 1.11. Wingstop Inc has a 12-month low of $37.50 and a 12-month high of $75.58.

Wingstop (NASDAQ:WING) last announced its earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $38.25 million during the quarter, compared to analyst estimates of $38.02 million. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities analysts predict that Wingstop Inc will post 0.86 EPS for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 26th were given a dividend of $3.05 per share. The ex-dividend date was Friday, November 23rd. This represents a yield of 0.55%. Wingstop’s dividend payout ratio (DPR) is 48.65%.

A number of analysts have recently commented on WING shares. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Saturday, October 13th. Wedbush reduced their price target on shares of Wingstop from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, October 30th. BTIG Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 price target for the company. in a research note on Tuesday, September 4th. They noted that the move was a valuation call. BidaskClub upgraded shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 13th. Finally, SunTrust Banks lifted their price target on shares of Wingstop from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $64.13.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.thestockobserver.com/2018/12/23/thrivent-financial-for-lutherans-has-9-47-million-holdings-in-wingstop-inc-wing.html. Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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