Signature Wealth Management Group Invests $1.34 Million in Wingstop Inc. (NASDAQ:WING)

Signature Wealth Management Group 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 SEC. The fund bought 5,943 shares of the restaurant operator's stock, valued at approximately $1,341,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after buying an additional 62 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the fourth quarter worth $30,000. Finally, True Wealth Design LLC raised its holdings in Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after buying an additional 54 shares during the last quarter.

Wingstop Price Performance

NASDAQ:WING opened at $354.06 on Monday. The firm has a market capitalization of $9.88 billion, a P/E ratio of 95.43, a PEG ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The company's 50-day simple moving average is $289.26 and its 200 day simple moving average is $277.53.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to analysts' expectations 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 firm posted $0.98 EPS. On average, equities research analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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

Insider Transactions at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the stock in a transaction 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 directly owns 517 shares in the company, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. The trade was 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on WING. Bank of America raised their price target on shares of Wingstop from $319.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Benchmark dropped their target price on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Cowen reissued a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Wells Fargo & Company upped their price target on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, Morgan Stanley dropped their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $350.96.

Wingstop Company 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.

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