Stephens Investment Management Group LLC Has $76.33 Million Position in Wingstop Inc. (NASDAQ:WING)

Stephens Investment Management Group LLC boosted its stake in Wingstop Inc. (NASDAQ:WING) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,560 shares of the restaurant operator’s stock after purchasing an additional 51,231 shares during the quarter. Stephens Investment Management Group LLC owned about 0.92% of Wingstop worth $76,325,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WING. Creative Planning grew its stake in Wingstop by 44.1% in the second quarter. Creative Planning now owns 1,463 shares of the restaurant operator’s stock valued at $618,000 after acquiring an additional 448 shares during the period. Cetera Investment Advisers grew its position in Wingstop by 23.0% in the 2nd quarter. Cetera Investment Advisers now owns 3,789 shares of the restaurant operator’s stock valued at $1,601,000 after purchasing an additional 708 shares during the period. Sanctuary Advisors LLC bought a new stake in Wingstop during the 2nd quarter valued at $535,000. GAMMA Investing LLC raised its holdings in Wingstop by 15.1% during the third quarter. GAMMA Investing LLC now owns 313 shares of the restaurant operator’s stock worth $130,000 after buying an additional 41 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Wingstop by 132.0% in the third quarter. CWM LLC now owns 5,306 shares of the restaurant operator’s stock valued at $2,208,000 after buying an additional 3,019 shares in the last quarter.

Wingstop Price Performance

Shares of WING opened at $304.92 on Friday. Wingstop Inc. has a 1 year low of $266.45 and a 1 year high of $433.86. The stock’s fifty day moving average price is $296.73 and its two-hundred day moving average price is $345.75. The firm has a market cap of $8.91 billion, a PE ratio of 88.90, a PEG ratio of 2.76 and a beta of 1.81.

Wingstop declared that its board has authorized a share repurchase plan on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares in the company, valued at $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on WING. Wedbush reissued an “outperform” rating and set a $390.00 target price on shares of Wingstop in a research report on Tuesday, November 5th. TD Cowen lowered their price objective on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research report on Thursday, October 31st. Barclays lowered their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $383.32.

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.