Copeland Capital Management LLC Sells 7,339 Shares of Wingstop Inc. (NASDAQ:WING)

Copeland Capital Management LLC cut its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,257 shares of the restaurant operator's stock after selling 7,339 shares during the period. Wingstop makes up about 1.2% of Copeland Capital Management LLC's portfolio, making the stock its 29th biggest holding. Copeland Capital Management LLC owned about 0.94% of Wingstop worth $59,160,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its holdings in shares of Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after acquiring an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares in the last quarter. Tidal Investments LLC lifted its position in Wingstop by 4.9% during the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock valued at $226,000 after purchasing an additional 37 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Wingstop by 0.5% in the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after buying an additional 42 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Wingstop by 7.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 740 shares of the restaurant operator's stock worth $210,000 after buying an additional 54 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 now owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $173,945.59. Following the completion of the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

WING has been the subject of a number of analyst reports. Stephens reaffirmed an "overweight" rating and issued a $385.00 price target on shares of Wingstop in a report on Wednesday, May 14th. Guggenheim upped their price objective on Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus lowered their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company boosted their target price on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, BTIG Research increased their price target on Wingstop from $350.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $362.26.

Wingstop Price Performance

Shares of NASDAQ:WING traded up $4.19 during trading on Friday, reaching $347.61. 700,298 shares of the company were exchanged, compared to its average volume of 648,537. The business's fifty day simple moving average is $313.52 and its 200-day simple moving average is $279.67. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The firm has a market capitalization of $9.70 billion, a PE ratio of 58.23, a P/E/G ratio of 4.80 and a beta of 1.88.

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

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.31%. Wingstop's payout ratio is currently 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.