Algert Global LLC Acquires 2,710 Shares of Wingstop Inc. $WING

Key Points

• Algert Global LLC has increased its stake in Wingstop Inc. ($WING) by 9.8%, purchasing an additional 2,710 shares to own a total of 30,377 shares worth approximately $6.85 million.
• Wingstop recently reported earnings of $1.00 per share, exceeding analyst estimates by $0.12, with year-over-year revenue growth of 12%.
• The company declared a new quarterly dividend of $0.30 per share, an increase from the previous dividend of $0.27, reflecting a commitment to returning value to shareholders.

Algert Global LLC lifted its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,377 shares of the restaurant operator's stock after buying an additional 2,710 shares during the period. Algert Global LLC owned about 0.11% of Wingstop worth $6,852,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WING. MassMutual Private Wealth & Trust FSB increased its holdings in Wingstop by 93.9% during the 1st 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 in the last quarter. Signaturefd LLC lifted its position in shares of Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 77 shares in the last quarter. True Wealth Design LLC lifted its position 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 in the last quarter. Quarry LP acquired a new position in shares of Wingstop during the 4th quarter worth about $41,000. Finally, UMB Bank n.a. boosted its stake in shares of Wingstop by 280.3% during the 1st quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator's stock worth $61,000 after buying an additional 199 shares during the last quarter.

Wingstop Stock Up 3.5%

WING opened at $336.84 on Monday. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 56.14, a PEG ratio of 4.24 and a beta of 1.84. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The company's 50-day moving average price is $337.60 and its two-hundred day moving average price is $289.35.

Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The business had revenue of $174.33 million for the quarter, compared to analyst estimates of $172.60 million. During the same quarter in the prior year, the firm posted $0.93 EPS. Wingstop's revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Wingstop's previous quarterly dividend of $0.27. Wingstop's dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

Several research analysts have weighed in on WING shares. UBS Group increased their price target on shares of Wingstop from $335.00 to $385.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Gordon Haskett upgraded shares of Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group lifted their price target on shares of Wingstop from $310.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price target on shares of Wingstop from $367.00 to $405.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Bank of America dropped their target price on shares of Wingstop from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $379.52.

Insider Buying and Selling at Wingstop

In other Wingstop news, CFO Alex Kaleida sold 5,400 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $376.09, for a total transaction of $2,030,886.00. Following the completion of the sale, the chief financial officer owned 8,362 shares of the company's stock, valued at $3,144,864.58. This represents a 39.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marisa Carona sold 11,938 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $370.34, for a total transaction of $4,421,118.92. The disclosure for this sale can be found here. Insiders sold 31,838 shares of company stock valued at $11,491,935 in the last quarter. Company insiders own 0.72% of the company's stock.

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.

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