UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 11,577 Shares of Wingstop Inc. (NASDAQ:WING)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,502 shares of the restaurant operator's stock after purchasing an additional 11,577 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Wingstop worth $24,868,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in shares of Wingstop by 521.4% in the 4th 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 increased its position in shares of Wingstop by 62.5% in 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop in the 4th quarter valued at $30,000. True Wealth Design LLC increased its position in shares of Wingstop by 62.1% in 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 in the last quarter. Finally, V Square Quantitative Management LLC increased its position 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 valued at $41,000 after buying an additional 37 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Michael Skipworth sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the sale, the chief executive officer now owns 47,190 shares in the company, valued at $15,919,074.60. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president now owns 517 shares of the company's stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WING. Stifel Nicolaus lowered their price objective on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Wedbush lowered their price objective on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. BTIG Research restated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Piper Sandler increased their target price on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wingstop has a consensus rating of "Moderate Buy" and an average price target of $341.83.

Wingstop Trading Up 0.4%

Shares of NASDAQ WING traded up $1.40 during mid-day trading on Friday, hitting $341.96. The company had a trading volume of 621,236 shares, compared to its average volume of 627,135. The company has a market capitalization of $9.54 billion, a PE ratio of 92.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. The firm has a 50-day simple moving average of $261.88 and a two-hundred day simple moving average of $275.20. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted 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. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The business had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same quarter last year, the company posted $0.98 earnings per share. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. Sell-side analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's 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.