1,541 Shares in Wingstop Inc. (NASDAQ:WING) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,541 shares of the restaurant operator’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Wingstop by 542.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after acquiring an additional 9,097 shares during the period. Comerica Bank acquired a new position in shares of Wingstop during the third quarter worth about $4,021,000. Capstone Investment Advisors LLC boosted its position in shares of Wingstop by 235.2% in the fourth quarter. Capstone Investment Advisors LLC now owns 10,825 shares of the restaurant operator’s stock worth $2,777,000 after buying an additional 7,596 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Wingstop by 14.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock valued at $71,827,000 after buying an additional 36,017 shares in the last quarter. Finally, Axiom Investors LLC DE purchased a new stake in shares of Wingstop during the 4th quarter valued at about $11,006,000.

Wingstop Stock Performance

WING stock opened at $408.69 on Friday. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $430.20. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 145.44, a PEG ratio of 5.49 and a beta of 1.70. The stock’s fifty day moving average is $385.26 and its two-hundred day moving average is $331.38.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The firm had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. Wingstop’s revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. As a group, analysts predict that Wingstop Inc. will post 3.4 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.22%. Wingstop’s payout ratio is 31.32%.

Insider Activity

In related news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 645 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the transaction, the director now directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,191 shares of company stock valued at $2,443,547. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WING. Wedbush increased their price objective on shares of Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Jefferies Financial Group boosted their price objective on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Morgan Stanley lifted their target price on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus increased their price target on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $343.37.

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.