Stephens Investment Management Group LLC Buys 178,041 Shares of Wingstop Inc. (NASDAQ:WING)

Stephens Investment Management Group LLC grew its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 66.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 446,601 shares of the restaurant operator's stock after purchasing an additional 178,041 shares during the quarter. Wingstop makes up approximately 1.5% of Stephens Investment Management Group LLC's holdings, making the stock its 13th biggest holding. Stephens Investment Management Group LLC owned about 1.60% of Wingstop worth $100,744,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% in the 4th 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 grew its position in Wingstop by 93.9% in the 1st 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 during the last quarter. True Wealth Design LLC grew its position in Wingstop by 62.1% in the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares during the last quarter. Finally, Quarry LP bought a new position in Wingstop in the 4th quarter worth about $41,000.

Wingstop Trading Down 5.3%

NASDAQ WING traded down $17.32 on Monday, hitting $310.89. 199,811 shares of the company's stock were exchanged, compared to its average volume of 655,608. The stock has a 50-day moving average of $332.77 and a 200-day moving average of $281.59. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 52.08, a P/E/G ratio of 4.59 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The firm had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same period in the prior year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 17.4% on a year-over-year basis. As a group, analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, May 16th. Wingstop's payout ratio is presently 18.09%.

Insider Buying and Selling at Wingstop

In related news, CEO Michael Skipworth sold 10,000 shares of the 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 directly owned 47,190 shares in the company, valued at $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Raj Kapoor sold 637 shares of the 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 completion of the sale, the senior vice president owned 517 shares of the company's stock, valued at $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WING. Robert W. Baird increased their price objective on shares of Wingstop from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Stephens reiterated an "overweight" rating and issued a $385.00 price objective on shares of Wingstop in a report on Wednesday, May 14th. Citigroup cut shares of Wingstop from a "neutral" rating to a "cautious" rating in a report on Wednesday, June 25th. The Goldman Sachs Group increased their target price on shares of Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler started coverage on shares of Wingstop in a research note on Wednesday. They set an "overweight" rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $358.16.

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.