Signature Wealth Management Group Acquires New Holdings in Wingstop Inc. (NASDAQ:WING)

Signature Wealth Management Group bought a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,943 shares of the restaurant operator's stock, valued at approximately $1,341,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Wingstop by 93.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wingstop during the fourth quarter worth $30,000. Finally, True Wealth Design LLC boosted its position in shares of Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares in the last quarter.

Wingstop Trading Up 1.2%

Shares of NASDAQ:WING traded up $4.18 on Thursday, reaching $350.32. 523,856 shares of the company's stock were exchanged, compared to its average volume of 641,003. The company has a fifty day moving average of $295.91 and a 200-day moving average of $278.65. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 58.68, a PEG ratio of 4.84 and a beta of 1.88.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The firm had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the prior year, the business posted $0.98 EPS. The business's revenue was up 17.4% compared to the same quarter last year. As a group, equities research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Gordon Haskett raised shares of Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. BMO Capital Markets cut their price target 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. Wells Fargo & Company boosted their price target on shares of Wingstop from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Sanford C. Bernstein reissued an "overweight" rating and set a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $352.70.

Insiders Place Their Bets

In related news, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 in the company, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Raj Kapoor sold 637 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the sale, the senior vice president now 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. Company 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.