Clare Market Investments LLC Makes New $514,000 Investment in Wingstop Inc. (NASDAQ:WING)

Clare Market Investments LLC acquired a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,279 shares of the restaurant operator's stock, valued at approximately $514,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Wingstop during the fourth quarter worth $10,177,000. Y Intercept Hong Kong Ltd grew its position in shares of Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after acquiring an additional 16,361 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Wingstop by 475.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock worth $19,676,000 after purchasing an additional 57,193 shares during the last quarter. Versor Investments LP raised its holdings in shares of Wingstop by 149.0% in the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after purchasing an additional 3,177 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in Wingstop by 153.0% in the 4th quarter. Jupiter Asset Management Ltd. now owns 80,853 shares of the restaurant operator's stock valued at $22,978,000 after purchasing an additional 48,898 shares during the last quarter.

Analyst Upgrades and Downgrades

WING has been the topic of a number of recent analyst reports. TD Securities boosted their price target on Wingstop from $330.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays lowered their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Bank of America upped their target price on Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Stephens reaffirmed an "overweight" rating and set a $385.00 price target on shares of Wingstop in a report on Wednesday, May 14th. Finally, Wedbush reduced their price objective on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $348.35.

Wingstop Trading Up 0.9%

WING stock traded up $3.17 during trading on Friday, hitting $374.82. The company had a trading volume of 453,100 shares, compared to its average volume of 627,266. The stock has a market cap of $10.46 billion, a PE ratio of 101.03, a PEG ratio of 2.27 and a beta of 1.80. The business has a 50-day moving average of $272.55 and a 200-day moving average of $276.85. Wingstop Inc. has a one year low of $204.00 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million for the quarter, compared to analysts' expectations of $172.25 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.29%. Wingstop's dividend payout ratio is currently 18.09%.

Insiders Place Their Bets

In other news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Skipworth sold 10,000 shares of the business's 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 transaction, the chief executive officer now owns 47,190 shares in the company, valued at $15,919,074.60. The trade was a 17.49% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate 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.