Wingstop Inc. (NASDAQ:WING) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,368 shares of the restaurant operator's stock after selling 1,188 shares during the quarter. ProShare Advisors LLC's holdings in Wingstop were worth $389,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WING. Blue Trust Inc. boosted its holdings in Wingstop by 103.2% in the fourth quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator's stock worth $73,000 after purchasing an additional 130 shares during the last quarter. KBC Group NV lifted its holdings in shares of Wingstop by 56.9% during the 4th quarter. KBC Group NV now owns 1,188 shares of the restaurant operator's stock valued at $338,000 after buying an additional 431 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Wingstop by 131.8% in the 4th quarter. Pacer Advisors Inc. now owns 15,399 shares of the restaurant operator's stock worth $4,376,000 after buying an additional 8,757 shares during the last quarter. R Squared Ltd bought a new stake in shares of Wingstop in the fourth quarter worth $71,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in Wingstop during the fourth quarter valued at $205,000.

Wingstop Stock Performance

Wingstop stock traded up $1.40 during mid-day trading on Friday, reaching $341.96. 621,236 shares of the company were exchanged, compared to its average volume of 627,325. The firm has a market cap of $9.54 billion, a P/E ratio of 92.17, a PEG ratio of 2.27 and a beta of 1.80. The business has a fifty day moving average of $261.88 and a 200 day moving average of $276.02. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86.

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 21.59% and a net margin of 17.37%. 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. Sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, May 16th. Wingstop's payout ratio is currently 18.09%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WING. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Guggenheim lifted their target price on Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Piper Sandler boosted their price target on Wingstop from $271.00 to $272.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Robert W. Baird raised their price objective on Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Gordon Haskett raised shares of Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. Five research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $341.83.

Insider Buying and Selling

In other Wingstop news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,728 shares of company stock worth $3,568,711 in the last 90 days. 0.72% of the stock is owned by corporate insiders.

About Wingstop

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.