DekaBank Deutsche Girozentrale Acquires 574 Shares of Wingstop Inc. (NASDAQ:WING)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 144.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 972 shares of the restaurant operator’s stock after buying an additional 574 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wingstop were worth $249,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Wingstop by 4,651.9% during the 4th quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock valued at $329,000 after acquiring an additional 1,256 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Wingstop during the fourth quarter valued at about $28,000. Pacer Advisors Inc. boosted its position in Wingstop by 74.3% during the fourth quarter. Pacer Advisors Inc. now owns 4,420 shares of the restaurant operator’s stock valued at $1,134,000 after purchasing an additional 1,884 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter valued at about $39,000. Finally, Legato Capital Management LLC raised its holdings in Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 85 shares in the last quarter.

Wingstop Stock Performance

Shares of Wingstop stock opened at $370.67 on Wednesday. The firm has a 50-day simple moving average of $344.96 and a two-hundred day simple moving average of $271.99. Wingstop Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The company has a market cap of $10.89 billion, a P/E ratio of 157.73, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. Wingstop’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Equities research analysts forecast that Wingstop Inc. will post 3 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.24%. Wingstop’s dividend payout ratio (DPR) is 37.45%.

Analyst Upgrades and Downgrades

WING has been the topic of a number of recent analyst reports. Wedbush raised their price target on shares of Wingstop from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. BMO Capital Markets raised their target price on shares of Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upped their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Robert W. Baird boosted their target price on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $281.00.

Insider Activity at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is owned by company insiders.

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.