Wingstop Inc. (NASDAQ:WING) Position Boosted by Teza Capital Management LLC

Teza Capital Management LLC lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 29.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,075 shares of the restaurant operator’s stock after purchasing an additional 707 shares during the period. Teza Capital Management LLC’s holdings in Wingstop were worth $874,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC lifted its position in shares of Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 54 shares during the last quarter. Sherbrooke Park Advisers LLC lifted its holdings in Wingstop by 106.6% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,002 shares of the restaurant operator’s stock worth $569,000 after acquiring an additional 1,033 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Wingstop by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,801 shares of the restaurant operator’s stock worth $1,649,000 after acquiring an additional 169 shares during the last quarter. Royal Bank of Canada lifted its holdings in Wingstop by 23.8% in the fourth quarter. Royal Bank of Canada now owns 91,522 shares of the restaurant operator’s stock worth $26,010,000 after acquiring an additional 17,576 shares during the last quarter. Finally, Man Group plc lifted its holdings in Wingstop by 33.7% in the fourth quarter. Man Group plc now owns 387,956 shares of the restaurant operator’s stock worth $110,257,000 after acquiring an additional 97,855 shares during the last quarter.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wingstop Price Performance

NASDAQ WING opened at $333.67 on Tuesday. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $433.86. The firm has a market capitalization of $9.31 billion, a PE ratio of 89.94, a P/E/G ratio of 2.27 and a beta of 1.80. The company’s 50 day simple moving average is $241.13 and its 200 day simple moving average is $274.98.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 17.37% and a negative return on equity of 21.59%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. Sell-side analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 yield of 0.32%. Wingstop’s dividend payout ratio (DPR) is 18.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WING shares. Truist Financial raised their target price on shares of Wingstop from $242.00 to $274.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Barclays cut their target price on shares of Wingstop from $315.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Piper Sandler lifted their price target on Wingstop from $271.00 to $272.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Stephens reaffirmed an “overweight” rating and set a $385.00 price target on shares of Wingstop in a report on Wednesday, May 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Wingstop in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently 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.