Ashton Thomas Private Wealth LLC Buys Shares of 81 Wingstop Inc. (NASDAQ:WING)

Ashton Thomas Private Wealth LLC bought a new stake in Wingstop Inc. (NASDAQ:WING) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 81 shares of the restaurant operator’s stock, valued at approximately $34,000.

Other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Wingstop in the 1st quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV lifted its stake in Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares in the last quarter. GAMMA Investing LLC lifted its stake in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. Family Firm Inc. bought a new stake in Wingstop in the 2nd quarter valued at approximately $62,000. Finally, International Assets Investment Management LLC bought a new stake in Wingstop in the 2nd quarter valued at approximately $67,000.

Insider Buying and Selling at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Wingstop Price Performance

Shares of NASDAQ WING opened at $409.00 on Tuesday. The stock has a market capitalization of $11.98 billion, a PE ratio of 145.55, a P/E/G ratio of 3.96 and a beta of 1.71. The business has a fifty day moving average price of $379.23 and a two-hundred day moving average price of $380.08. Wingstop Inc. has a fifty-two week low of $166.65 and a fifty-two week high of $431.03.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period last year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. On average, equities analysts expect that Wingstop Inc. will post 3.77 EPS for the current year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.27 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, August 16th. Wingstop’s dividend payout ratio is currently 38.43%.

Analyst Ratings Changes

Several equities analysts recently weighed in on WING shares. Barclays raised their target price on shares of Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wedbush increased their price target on shares of Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley increased their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group increased their price target on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $379.53.

About Wingstop

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.