Snowden Capital Advisors LLC Sells 11,151 Shares of Wingstop Inc. (NASDAQ:WING)

Snowden Capital Advisors LLC trimmed its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 71.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,484 shares of the restaurant operator's stock after selling 11,151 shares during the quarter. Snowden Capital Advisors LLC's holdings in Wingstop were worth $1,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop in the 4th quarter worth about $30,000. V Square Quantitative Management LLC increased its stake in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 37 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Wingstop in the fourth quarter worth approximately $41,000.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 637 shares of Wingstop 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 completion of the sale, the senior vice president now owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WING has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and issued a $385.00 target price on shares of Wingstop in a report on Wednesday, May 14th. Raymond James reissued an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Gordon Haskett raised shares of Wingstop to a "strong-buy" rating in a research note on Wednesday, April 30th. Piper Sandler boosted their price objective on shares of Wingstop from $271.00 to $272.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Truist Financial boosted their price objective on Wingstop from $242.00 to $274.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Wingstop currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.78.

Wingstop Trading Up 4.1%

Wingstop stock opened at $321.08 on Monday. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86. The company's 50-day moving average price is $238.85 and its two-hundred day moving average price is $274.72. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 86.54, a PEG ratio of 2.27 and a beta of 1.80.

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, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter last year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.34%. Wingstop's dividend payout ratio is currently 18.09%.

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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