BW Gestao de Investimentos Ltda. Buys Shares of 1,918 Wingstop Inc. (NASDAQ:WING)

BW Gestao de Investimentos Ltda. bought a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,918 shares of the restaurant operator's stock, valued at approximately $545,000.

Other large investors have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of Wingstop by 1.9% during the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock valued at $342,763,000 after buying an additional 22,552 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Wingstop by 29.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock worth $326,893,000 after purchasing an additional 262,229 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Wingstop by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after purchasing an additional 7,204 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Wingstop by 23.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after purchasing an additional 154,055 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock worth $163,131,000 after buying an additional 101,247 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WING shares. Gordon Haskett raised shares of Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. TD Securities restated a "buy" rating and issued a $265.00 price target on shares of Wingstop in a research note on Wednesday, April 30th. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Truist Financial lifted their target price on Wingstop from $242.00 to $274.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and an average price target of $320.05.

Wingstop Price Performance

NASDAQ WING traded up $3.28 on Wednesday, hitting $270.13. 628,982 shares of the stock were exchanged, compared to its average volume of 598,162. The company's 50-day moving average price is $228.95 and its two-hundred day moving average price is $278.41. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 72.81, a P/E/G ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The business had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts predict 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 will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's payout ratio is presently 18.09%.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the company'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 transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at $141,177.19. This represents a 55.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company's stock.

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.