Polen Capital Management LLC bought a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,476 shares of the restaurant operator's stock, valued at approximately $333,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WING. Price T Rowe Associates Inc. MD grew its stake in Wingstop by 29.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock valued at $326,893,000 after acquiring an additional 262,229 shares during the last quarter. Marshall Wace LLP grew its stake in Wingstop by 2.6% in the 4th quarter. Marshall Wace LLP now owns 547,831 shares of the restaurant operator's stock valued at $155,694,000 after acquiring an additional 14,124 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Wingstop in the 4th quarter valued at about $151,802,000. Stephens Investment Management Group LLC grew its stake in Wingstop by 66.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator's stock valued at $100,744,000 after acquiring an additional 178,041 shares during the last quarter. Finally, Man Group plc increased its position in Wingstop by 33.7% during the 4th quarter. Man Group plc now owns 387,956 shares of the restaurant operator's stock worth $110,257,000 after purchasing an additional 97,855 shares in the last quarter.
Insiders Place Their Bets
In other Wingstop news, SVP Marisa Carona sold 11,938 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $370.34, for a total value of $4,421,118.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $3,373,400.00. Following the transaction, the chief executive officer owned 47,190 shares of the company's stock, valued at $15,919,074.60. This trade represents a 17.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,838 shares of company stock valued at $11,491,935 in the last three months. Insiders own 0.72% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on the company. UBS Group lifted their price target on Wingstop from $335.00 to $385.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Raymond James Financial boosted their price target on Wingstop from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Stephens boosted their price target on Wingstop from $400.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Westpark Capital raised Wingstop to a "strong-buy" rating in a research report on Wednesday, July 9th. Finally, BMO Capital Markets upped their target price on Wingstop from $275.00 to $345.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.52.
Read Our Latest Stock Report on WING
Wingstop Price Performance
Shares of Wingstop stock traded up $13.61 during trading on Tuesday, hitting $342.16. The stock had a trading volume of 600,600 shares, compared to its average volume of 884,240. The firm has a market cap of $9.55 billion, a P/E ratio of 57.03, a PEG ratio of 4.13 and a beta of 1.84. The business has a fifty day moving average of $339.73 and a two-hundred day moving average of $288.68. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.
Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $174.33 million during the quarter, compared to analyst estimates of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.
Wingstop Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Wingstop's previous quarterly dividend of $0.27. Wingstop's payout ratio is currently 18.00%.
Wingstop Profile
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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.
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