16,417 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Financial Counselors Inc.

Financial Counselors Inc. bought a new position in Wingstop Inc. (NASDAQ:WING - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 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 SEC filing.

Other large investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. lifted its stake in Wingstop by 153.0% during the 4th quarter. Jupiter Asset Management Ltd. now owns 80,853 shares of the restaurant operator's stock valued at $22,978,000 after acquiring an additional 48,898 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Wingstop by 36.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 36,780 shares of the restaurant operator's stock valued at $10,453,000 after acquiring an additional 9,735 shares in the last quarter. Wedmont Private Capital bought a new position in Wingstop during the 1st quarter valued at $269,000. Wesbanco Bank Inc. lifted its stake in Wingstop by 79.2% during the 1st quarter. Wesbanco Bank Inc. now owns 6,111 shares of the restaurant operator's stock valued at $1,379,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in Wingstop by 167.4% during the 1st quarter. Merit Financial Group LLC now owns 2,035 shares of the restaurant operator's stock valued at $459,000 after acquiring an additional 1,274 shares in the last quarter.

Wingstop Stock Down 0.6%

WING stock opened at $325.40 on Tuesday. The firm has a market capitalization of $9.08 billion, a PE ratio of 54.51, a PEG ratio of 4.58 and a beta of 1.84. The stock has a 50-day simple moving average of $326.87 and a two-hundred day simple moving average of $280.52. 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 issued 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. The firm had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. On average, equities research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.27 dividend. 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 payout ratio is 18.09%.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 10,000 shares of the business'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 value of $3,373,400.00. Following the completion of the sale, the chief executive officer owned 47,190 shares in the company, valued at $15,919,074.60. The trade was a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 owned 517 shares of the company's stock, valued at $141,177.19. The trade was a 55.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WING. TD Securities restated a "buy" rating and set a $440.00 price objective on shares of Wingstop in a research note on Tuesday, June 17th. Guggenheim lifted their target price on Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Piper Sandler lifted their target price on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. The Goldman Sachs Group lifted their target price on Wingstop from $310.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Cowen reiterated a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $362.26.

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.

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