111 Capital Buys New Shares in Wingstop Inc. (NASDAQ:WING)

111 Capital purchased a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,043 shares of the restaurant operator's stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Verdence Capital Advisors LLC increased its stake in shares of Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after purchasing an additional 34 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC increased its position in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after buying an additional 37 shares during the period. Tidal Investments LLC lifted its holdings in shares of Wingstop by 4.9% during the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock worth $226,000 after buying an additional 37 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after acquiring an additional 42 shares during the period.

Insiders Place Their Bets

In related news, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the transaction, the chief executive officer now owns 47,190 shares in the company, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Wingstop Stock Performance

WING stock traded up $4.47 during midday trading on Monday, hitting $346.17. 363,623 shares of the company's stock were exchanged, compared to its average volume of 626,110. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The stock's fifty day moving average price is $261.88 and its 200-day moving average price is $275.20. The company has a market cap of $9.66 billion, a PE ratio of 93.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last issued 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 company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm's revenue was up 17.4% compared to the same quarter last year. On average, analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's payout ratio is 18.09%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Wingstop from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Wedbush dropped their price objective on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Robert W. Baird boosted their target price on shares of Wingstop from $350.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. BMO Capital Markets lowered their target price on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus cut their price target on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and a consensus price target of $341.83.

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.