Financial Counselors Inc. Takes Position in Wingstop Inc. (NASDAQ:WING)

Financial Counselors Inc. purchased a new position in Wingstop Inc. (NASDAQ:WING - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,417 shares of the restaurant operator's stock, valued at approximately $3,703,000. Financial Counselors Inc. owned approximately 0.06% of Wingstop as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop in the fourth quarter worth approximately $30,000. Finally, True Wealth Design LLC raised its stake in shares of Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares during the last quarter.

Analyst Ratings Changes

WING has been the subject of several analyst reports. Cowen reissued a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Bank of America increased their price objective on Wingstop from $360.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. BTIG Research increased their price target on Wingstop from $350.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Barclays reaffirmed an "overweight" rating and set a $410.00 price target (up from $360.00) on shares of Wingstop in a research report on Thursday, June 26th. Finally, Truist Financial raised Wingstop from a "hold" rating to a "buy" rating and increased their price target for the company from $274.00 to $400.00 in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $358.83.

Insider Transactions at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the transaction, the chief executive officer owned 47,190 shares in the company, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 517 shares in the company, valued at approximately $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wingstop Stock Down 0.6%

Shares of WING traded down $1.95 during trading hours on Friday, hitting $328.21. The company had a trading volume of 581,852 shares, compared to its average volume of 656,269. The firm has a market cap of $9.16 billion, a P/E ratio of 54.98, a P/E/G ratio of 4.61 and a beta of 1.84. The stock's 50 day moving average price is $332.77 and its 200 day moving average price is $281.73. 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 announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the previous year, the business earned $0.98 EPS. Wingstop's revenue was up 17.4% compared to the same quarter last year. On average, research analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors 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 dividend on an annualized basis and a yield of 0.33%. Wingstop's dividend payout ratio is presently 18.09%.

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.