910 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC purchased a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 910 shares of the restaurant operator's stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Wingstop by 93.9% during 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. SBI Securities Co. Ltd. bought a new position in Wingstop during the fourth quarter valued at $30,000. Finally, True Wealth Design LLC raised its holdings in shares of Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after buying an additional 54 shares during the period.

Wingstop Price Performance

Wingstop stock traded up $3.17 during midday trading on Friday, reaching $374.82. The company had a trading volume of 453,100 shares, compared to its average volume of 627,754. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The firm's fifty day simple moving average is $275.32 and its 200-day simple moving average is $277.12. The company has a market capitalization of $10.46 billion, a P/E ratio of 101.03, a P/E/G ratio of 2.27 and a beta of 1.88.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same period in the prior year, the business earned $0.98 earnings per share. The company's quarterly revenue was up 17.4% compared to the same quarter last year. On average, analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, May 16th. Wingstop's dividend payout ratio (DPR) is presently 18.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WING shares. TD Securities lifted their price objective on shares of Wingstop from $330.00 to $400.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets cut their price objective on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research report on Thursday, February 20th. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Barclays decreased their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Guggenheim lifted their target price on Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $348.35.

Insider Activity

In related news, CEO Michael Skipworth sold 10,000 shares of Wingstop 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.