D L Carlson Investment Group Inc. Acquires 5,796 Shares of Wingstop Inc. $WING

Key Points

• D L Carlson Investment Group Inc. increased its stake in Wingstop Inc. by 63.9%, now holding a total of 14,860 shares valued at approximately $3.35 million.
• Wingstop recently raised its quarterly dividend from $0.27 to $0.30 per share, with an ex-dividend date of August 15th.
• Analysts have given Wingstop a consensus rating of "Moderate Buy", with an average target price of $379.52 per share.

D L Carlson Investment Group Inc. grew its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 63.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,860 shares of the restaurant operator's stock after purchasing an additional 5,796 shares during the quarter. D L Carlson Investment Group Inc. owned approximately 0.05% of Wingstop worth $3,352,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 62 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Wingstop by 62.1% in the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after purchasing an additional 54 shares during the last quarter. Quarry LP bought a new stake in shares of Wingstop in the 4th quarter valued at $41,000. Signaturefd LLC boosted its stake in shares of Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Wingstop by 280.3% in the 1st quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 199 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WING shares. Wall Street Zen raised shares of Wingstop from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. TD Securities reiterated a "buy" rating and set a $440.00 target price on shares of Wingstop in a research report on Tuesday, June 17th. Westpark Capital upgraded shares of Wingstop to a "strong-buy" rating in a research report on Wednesday, July 9th. Cowen reiterated a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Finally, Melius initiated coverage on shares of Wingstop in a research report on Monday, July 14th. They set a "hold" rating and a $350.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $379.52.

Wingstop Trading Up 1.6%

WING opened at $325.34 on Wednesday. The company's fifty day moving average price is $332.58 and its two-hundred day moving average price is $290.60. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 4.03 and a beta of 1.84.

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

Wingstop Increases Dividend

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

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 4,500 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the transaction, the chief executive officer owned 42,777 shares in the company, valued at approximately $15,842,034.18. This represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Alex Kaleida sold 5,400 shares of the stock in a transaction dated 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 approximately $3,144,864.58. This represents a 39.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,838 shares of company stock worth $8,118,535. 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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