Wingstop Inc. $WING Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Wingstop Inc. (NASDAQ:WING) by 64.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,879 shares of the restaurant operator’s stock after acquiring an additional 3,471 shares during the period. Motley Fool Asset Management LLC’s holdings in Wingstop were worth $2,990,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SYM FINANCIAL Corp acquired a new stake in Wingstop in the 2nd quarter valued at about $368,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Wingstop by 23.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 5,048 shares of the restaurant operator’s stock valued at $1,700,000 after purchasing an additional 952 shares during the period. Bessemer Group Inc. grew its holdings in shares of Wingstop by 6.8% in the second quarter. Bessemer Group Inc. now owns 63,390 shares of the restaurant operator’s stock valued at $21,346,000 after purchasing an additional 4,014 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Wingstop by 85.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,922 shares of the restaurant operator’s stock valued at $3,341,000 after purchasing an additional 4,576 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of Wingstop in the second quarter valued at about $446,000.

Wingstop Price Performance

Shares of WING stock opened at $247.35 on Wednesday. The firm has a market cap of $6.91 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 3.55 and a beta of 1.78. The company has a 50-day moving average of $275.39 and a two-hundred day moving average of $300.54. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $388.14.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $174.33 million during the quarter, compared to analyst estimates of $172.60 million. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. Wingstop’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Sell-side analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wingstop news, CFO Alex Kaleida sold 5,400 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $376.09, for a total transaction of $2,030,886.00. Following the completion of the transaction, the chief financial officer owned 8,362 shares of the company’s stock, valued at $3,144,864.58. This trade represents a 39.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Skipworth sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the completion of the transaction, the chief executive officer directly owned 42,777 shares of the company’s stock, valued at approximately $15,842,034.18. The trade was a 9.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,838 shares of company stock valued at $8,118,535 over the last 90 days. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of analyst reports. UBS Group reissued a “neutral” rating and issued a $295.00 price objective on shares of Wingstop in a report on Tuesday. Piper Sandler initiated coverage on shares of Wingstop in a report on Wednesday, July 9th. They issued an “overweight” rating for the company. Barclays dropped their price objective on shares of Wingstop from $440.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. BMO Capital Markets upped their price objective on shares of Wingstop from $275.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Finally, Guggenheim upped their price objective on shares of Wingstop from $325.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and an average target price of $357.59.

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.