1,286 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,286 shares of the restaurant operator's stock, valued at approximately $365,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC boosted its holdings in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the period. Finally, Quarry LP purchased a new stake in shares of Wingstop in the fourth quarter valued at approximately $41,000.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of Wingstop 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 now owns 517 shares in the company, valued at approximately $141,177.19. This trade represents a 55.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company's stock.

Wingstop Price Performance

NASDAQ WING traded up $3.28 during trading hours on Wednesday, hitting $270.13. 628,982 shares of the company's stock traded hands, compared to its average volume of 598,162. The firm's 50-day moving average is $228.95 and its 200-day moving average is $278.41. The company has a market capitalization of $7.54 billion, a PE ratio of 72.81, a PEG ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The firm had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same period last year, the business earned $0.98 earnings per share. Wingstop's revenue was up 17.4% compared to the same quarter last year. Equities research analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.40%. Wingstop's dividend payout ratio is currently 18.09%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Wingstop from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a research report on Monday, March 31st. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird reduced their price target on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and an average price target of $320.05.

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.