Xponance Inc. Sells 270 Shares of Wingstop Inc. (NASDAQ:WING)

Xponance Inc. decreased its stake in shares of Wingstop Inc. (NASDAQ:WING) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,447 shares of the restaurant operator’s stock after selling 270 shares during the quarter. Xponance Inc.’s holdings in Wingstop were worth $1,654,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WING. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wingstop during the 4th quarter worth about $28,000. Headlands Technologies LLC bought a new stake in shares of Wingstop during the 3rd quarter worth about $38,000. FSC Wealth Advisors LLC bought a new stake in shares of Wingstop during the 4th quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Wingstop during the 3rd quarter worth about $72,000. Finally, Covestor Ltd boosted its holdings in shares of Wingstop by 330.3% during the 3rd quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock worth $84,000 after buying an additional 360 shares during the period.

Insider Buying and Selling

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

Wingstop Price Performance

WING stock opened at $364.73 on Wednesday. The company has a 50 day simple moving average of $351.10 and a 200 day simple moving average of $278.19. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 155.20, a P/E/G ratio of 6.27 and a beta of 1.68. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $379.00.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Wingstop Inc. will post 3.01 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on WING shares. Truist Financial reaffirmed a “hold” rating and set a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Benchmark reiterated a “hold” rating on shares of Wingstop in a research note on Tuesday. Sanford C. Bernstein began coverage on shares of Wingstop in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, Stephens began coverage on shares of Wingstop in a research note on Friday, April 12th. They issued an “overweight” rating and a $425.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $290.83.

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.