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Pallas Capital Advisors LLC Invests $482,000 in Wingstop Inc. (NASDAQ:WING)

Wingstop logo with Retail/Wholesale background

Pallas Capital Advisors LLC bought a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,135 shares of the restaurant operator's stock, valued at approximately $482,000.

Other large investors have also modified their holdings of the company. Verdence Capital Advisors LLC raised its stake in Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after buying an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake 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 buying an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after buying an additional 37 shares in the last quarter. Tidal Investments LLC raised its stake in Wingstop by 4.9% in the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock worth $226,000 after buying an additional 37 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after buying an additional 42 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wedbush reduced their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on Wingstop from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. Benchmark reduced their price target on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, TD Securities upped their price target on Wingstop from $330.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $350.96.

Get Our Latest Research Report on Wingstop

Wingstop Price Performance

Wingstop stock traded down $4.23 during midday trading on Monday, reaching $349.83. The company had a trading volume of 628,599 shares, compared to its average volume of 640,410. The company has a market capitalization of $9.76 billion, a P/E ratio of 94.29, a P/E/G ratio of 2.27 and a beta of 1.88. 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 $291.82 and its 200-day simple moving average is $277.67.

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

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.31%. Wingstop's payout ratio is 18.09%.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the sale, the chief executive officer now owns 47,190 shares of the company's stock, valued at $15,919,074.60. This represents a 17.49% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wingstop Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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