1492 Capital Management LLC Acquires Shares of 2,625 Wingstop Inc. (NASDAQ:WING)

1492 Capital Management LLC purchased a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,625 shares of the restaurant operator's stock, valued at approximately $592,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after buying an additional 62 shares in the last quarter. True Wealth Design LLC lifted its position in Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 54 shares during the period. Quarry LP purchased a new position in Wingstop in the fourth quarter worth about $41,000. Signaturefd LLC raised its holdings in shares of Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Wingstop during the fourth quarter valued at approximately $49,000.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of recent research reports. William Blair started coverage on shares of Wingstop in a research note on Wednesday, July 9th. They issued an "outperform" rating for the company. Sanford C. Bernstein reissued an "overweight" rating and set a $360.00 price target on shares of Wingstop in a report on Wednesday, May 14th. Stephens reissued an "overweight" rating on shares of Wingstop in a research note on Wednesday, July 16th. Cowen restated a "buy" rating on shares of Wingstop in a report on Thursday, May 1st. Finally, Raymond James Financial restated an "outperform" rating and set a $400.00 target price (down previously from $425.00) on shares of Wingstop in a research note on Thursday, July 17th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wingstop currently has a consensus rating of "Moderate Buy" and an average price target of $355.80.

Wingstop Stock Performance

Shares of WING stock traded up $2.38 during trading on Friday, hitting $302.01. 750,842 shares of the company were exchanged, compared to its average volume of 808,576. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 4.31 and a beta of 1.84. The business's 50-day simple moving average is $339.30 and its 200 day simple moving average is $283.78. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The business had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Wingstop's revenue was up 17.4% compared to the same quarter last year. On average, equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.36%. Wingstop's dividend payout ratio (DPR) is currently 18.09%.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of the business's 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 transaction, the senior vice president directly owned 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction dated 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 directly owned 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 disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

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.