Danske Bank A S Has $72,000 Stake in Wingstop Inc. $WING

Key Points

• Danske Bank A/S slashed its position in Wingstop by 97.9% in Q4, selling 14,266 shares and ending the quarter with just 300 shares valued at about $72,000.
• Several analysts have lowered price targets recently (e.g., Guggenheim, UBS, BTIG), but the consensus remains a Moderate Buy with an average target of $282.41.
• Insiders executed notable sales (Director Wesley McDonald sold 566 shares; Director Kilandigalu Madati sold 2,700 shares), Wingstop reported an EPS beat of $1.18 vs. $1.02 but slightly missed revenue estimates, and the company declared a $0.30 quarterly dividend (annual $1.20, yield ~0.9%).

Danske Bank A S decreased its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 97.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the restaurant operator's stock after selling 14,266 shares during the quarter. Danske Bank A S's holdings in Wingstop were worth $72,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Allworth Financial LP boosted its stake in Wingstop by 17.3% in the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator's stock valued at $67,000 after buying an additional 39 shares in the last quarter. YANKCOM Partnership boosted its stake in Wingstop by 10.1% in the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator's stock valued at $102,000 after buying an additional 39 shares in the last quarter. Ballentine Partners LLC boosted its stake in Wingstop by 5.0% in the 3rd quarter. Ballentine Partners LLC now owns 985 shares of the restaurant operator's stock valued at $248,000 after buying an additional 47 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator's stock valued at $36,000 after buying an additional 50 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Wingstop by 2.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,583 shares of the restaurant operator's stock valued at $650,000 after buying an additional 59 shares in the last quarter.

Analyst Ratings Changes

WING has been the topic of several recent analyst reports. Guggenheim decreased their price target on Wingstop from $255.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group decreased their price target on Wingstop from $295.00 to $210.00 and set a "neutral" rating on the stock in a research note on Friday, April 24th. Mizuho decreased their price target on Wingstop from $320.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, January 9th. BTIG Research decreased their price target on Wingstop from $400.00 to $305.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $255.00 price objective on shares of Wingstop in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Wingstop presently has an average rating of "Moderate Buy" and a consensus target price of $282.41.

Insiders Place Their Bets

In other news, Director Wesley S. Mcdonald sold 566 shares of the business's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director owned 4,375 shares in the company, valued at $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kilandigalu Madati sold 2,700 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the sale, the director owned 2,583 shares of the company's stock, valued at approximately $673,465.59. The trade was a 51.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.53% of the company's stock.

Wingstop Stock Performance

Wingstop stock opened at $134.88 on Friday. The firm has a market cap of $3.67 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.63 and a beta of 1.86. The business's fifty day moving average is $189.27 and its two-hundred day moving average is $231.16. Wingstop Inc. has a 52 week low of $133.70 and a 52 week high of $388.14.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.16. The company had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that Wingstop Inc. will post 4.58 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. Wingstop's payout ratio is currently 29.85%.

About Wingstop

Wingstop Inc NASDAQ: WING is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company's core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.

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