Strs Ohio Lowers Position in Wingstop Inc. $WING

Strs Ohio lessened its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,965 shares of the restaurant operator's stock after selling 37,999 shares during the period. Strs Ohio's holdings in Wingstop were worth $1,900,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WING. Cornerstone Planning Group LLC boosted its position in Wingstop by 1,650.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Rakuten Securities Inc. boosted its position in Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 95 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Wingstop in the 3rd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its position in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator's stock worth $49,000 after purchasing an additional 119 shares in the last quarter.

Wingstop Stock Down 2.5%

Shares of WING opened at $146.74 on Wednesday. Wingstop Inc. has a 52-week low of $142.24 and a 52-week high of $388.14. The company has a market capitalization of $4.00 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.86. The stock has a fifty day simple moving average of $193.57 and a two-hundred day simple moving average of $232.73.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.16. The firm had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. As a group, equities analysts anticipate that Wingstop Inc. will post 4.58 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.8%. Wingstop's payout ratio is presently 29.85%.

Insider Activity at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the transaction, the director owned 4,375 shares of the company's stock, valued at approximately $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 2,700 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the transaction, the director directly owned 2,583 shares in the company, valued at approximately $673,465.59. The trade was a 51.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WING has been the subject of several research analyst reports. Truist Financial set a $374.00 target price on Wingstop and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Wingstop in a research note on Friday, March 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $255.00 target price on shares of Wingstop in a research note on Thursday, April 30th. TD Cowen reaffirmed a "hold" rating and set a $175.00 target price on shares of Wingstop in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group downgraded Wingstop from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $290.00 to $190.00 in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $282.41.

Wingstop Company Profile

Wingstop Inc NASDAQ: WING is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company's core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.

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