Wingstop Inc. (NASDAQ:WING) Shares Acquired by Diversified Trust Co

Diversified Trust Co grew its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 198.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,474 shares of the restaurant operator's stock after acquiring an additional 2,973 shares during the quarter. Diversified Trust Co's holdings in Wingstop were worth $1,009,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position 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 acquiring an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Wingstop by 93.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 62 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Wingstop during the fourth quarter valued at $30,000. Finally, True Wealth Design LLC increased its position in Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 54 shares during the last quarter.

Wingstop Trading Up 1.2%

Shares of WING traded up $4.19 during trading hours on Friday, hitting $347.61. The company had a trading volume of 700,298 shares, compared to its average volume of 649,394. The company has a market capitalization of $9.70 billion, a PE ratio of 58.23, a price-to-earnings-growth ratio of 4.86 and a beta of 1.88. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The company's fifty day moving average price is $313.52 and its two-hundred day moving average price is $279.32.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.31%. Wingstop's dividend payout ratio (DPR) is 18.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WING. BTIG Research upped their price target on Wingstop from $350.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group upped their price target on Wingstop from $310.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays reiterated an "overweight" rating and set a $410.00 target price (up previously from $360.00) on shares of Wingstop in a research report on Thursday. UBS Group cut their target price on Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Sanford C. Bernstein reiterated an "overweight" rating and set a $360.00 target price on shares of Wingstop in a research report on Wednesday, May 14th. 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. Based on data from MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and an average target price of $362.26.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction 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 transaction, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Skipworth sold 10,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 47,190 shares in the company, valued at approximately $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 owned by company insiders.

Wingstop Company 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.