Wingstop Inc. (NASDAQ:WING) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR grew its holdings in Wingstop Inc. (NASDAQ:WING) by 114.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,803 shares of the restaurant operator’s stock after purchasing an additional 2,030 shares during the period. Stephens Inc. AR’s holdings in Wingstop were worth $858,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 73 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 62 shares during the period. True Wealth Design LLC boosted its holdings in 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 buying an additional 54 shares during the last quarter. Quarry LP bought a new position in shares of Wingstop during the 4th quarter valued at about $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Wingstop in the 4th quarter valued at approximately $49,000.

Wingstop Price Performance

Shares of NASDAQ WING opened at $328.46 on Friday. The business’s fifty day moving average price is $336.94 and its 200-day moving average price is $282.66. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The stock has a market capitalization of $9.16 billion, a PE ratio of 55.02, a P/E/G ratio of 4.56 and a beta of 1.84.

Wingstop (NASDAQ:WING) last released its earnings results 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 company had revenue of $171.09 million during the quarter, compared to analysts’ expectations of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, equities analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, May 16th. Wingstop’s payout ratio is 18.09%.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 637 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the transaction, the senior vice president owned 517 shares of the company’s stock, valued at $141,177.19. The trade was a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Skipworth sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the sale, the chief executive officer owned 47,190 shares of the company’s stock, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WING has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $367.00 target price (up from $350.00) on shares of Wingstop in a report on Monday. William Blair began coverage on Wingstop in a research report on Wednesday, July 9th. They set an “outperform” rating on the stock. BTIG Research increased their price target on Wingstop from $350.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. UBS Group cut their price target on Wingstop from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Piper Sandler started coverage on Wingstop in a research note on Wednesday, July 9th. They issued an “overweight” rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.20.

Wingstop 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.