Janus Henderson Group PLC Buys 812 Shares of Wingstop Inc. (NASDAQ:WING)

Janus Henderson Group PLC grew its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,880 shares of the restaurant operator's stock after buying an additional 812 shares during the quarter. Janus Henderson Group PLC owned approximately 0.06% of Wingstop worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC lifted 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 valued at $256,000 after buying an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after buying an additional 42 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Wingstop by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock valued at $255,000 after buying an additional 47 shares during the last quarter.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the transaction, the senior vice president now directly owns 517 shares in the company, valued at approximately $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WING shares. Jefferies Financial Group upgraded Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target for the company in a report on Monday, March 31st. Raymond James reiterated an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on Wingstop from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Benchmark reduced their target price on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $333.96.

Wingstop Stock Up 0.4%

Shares of WING stock traded up $1.33 during trading hours on Friday, reaching $322.47. 479,171 shares of the company's stock were exchanged, compared to its average volume of 624,279. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The stock has a market capitalization of $9.00 billion, a P/E ratio of 86.92, a P/E/G ratio of 2.27 and a beta of 1.80. The business has a fifty day moving average price of $250.08 and a 200-day moving average price of $275.65.

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, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The company had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same period in the previous year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, research analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company 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 $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop's payout ratio is 18.09%.

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.