Nuveen Asset Management LLC Has $66.28 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Nuveen Asset Management LLC raised its position in Wingstop Inc. (NASDAQ:WING) by 85.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,219 shares of the restaurant operator’s stock after acquiring an additional 107,695 shares during the period. Nuveen Asset Management LLC owned about 0.80% of Wingstop worth $66,281,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WING. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Wingstop in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC raised its holdings in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after buying an additional 37 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Wingstop in the 4th quarter worth approximately $41,000.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Wingstop Stock Performance

Shares of WING opened at $321.08 on Friday. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 86.54, a PEG ratio of 2.27 and a beta of 1.80. The business’s fifty day moving average price is $238.85 and its two-hundred day moving average price is $274.81. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. Wingstop’s dividend payout ratio is currently 18.09%.

Wall Street Analyst Weigh In

WING has been the subject of a number of recent research reports. Sanford C. Bernstein reissued an “overweight” rating and issued a $360.00 target price on shares of Wingstop in a report on Wednesday. TD Securities increased their target price on Wingstop from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James reissued an “outperform” rating and issued a $330.00 target price (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Bank of America increased their target price on Wingstop from $319.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price target on Wingstop from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.78.

Wingstop Company Profile

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.