United Services Automobile Association Makes New $429,000 Investment in Wingstop Inc. $WING

Key Points

• United Services Automobile Association made a new investment of approximately $429,000 in Wingstop Inc., purchasing 1,913 shares during the first quarter.
• Wingstop recently reported earnings of $1.00 per share for the last quarter, exceeding analysts' expectations of $0.88, and achieving a revenue of $174.33 million.
• The company increased its quarterly dividend to $0.30 per share, up from $0.27, resulting in an annualized dividend yield of 0.4%.

United Services Automobile Association bought a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,913 shares of the restaurant operator's stock, valued at approximately $429,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in Wingstop by 93.9% during 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 period. Signaturefd LLC increased its position in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 77 shares during the period. True Wealth Design LLC grew its holdings 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 worth $40,000 after acquiring an additional 54 shares during the period. UMB Bank n.a. grew its holdings in shares of Wingstop by 280.3% in the 1st quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 199 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Wingstop in the 1st quarter worth approximately $70,000.

Wingstop Stock Down 2.4%

Shares of Wingstop stock opened at $280.65 on Thursday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The firm has a market cap of $7.84 billion, a PE ratio of 46.78, a P/E/G ratio of 3.60 and a beta of 1.87. The business's fifty day moving average is $325.51 and its two-hundred day moving average is $292.60.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The company had revenue of $174.33 million for the quarter, compared to analyst estimates of $172.60 million. During the same quarter in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Wingstop's previous quarterly dividend of $0.27. Wingstop's dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on Wingstop from $410.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird upped their price target on Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. BTIG Research upped their price target on Wingstop from $350.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Truist Financial upgraded Wingstop from a "hold" rating to a "buy" rating and upped their price target for the stock from $274.00 to $400.00 in a report on Tuesday, May 27th. Finally, William Blair initiated coverage on Wingstop in a report on Wednesday, July 9th. They issued an "outperform" rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Wingstop currently has an average rating of "Moderate Buy" and a consensus target price of $380.52.

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 4,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the transaction, the chief executive officer owned 42,777 shares of the company's stock, valued at $15,842,034.18. This represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marisa Carona sold 11,938 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $370.34, for a total value of $4,421,118.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,838 shares of company stock valued at $8,118,535 in the last quarter. 0.72% of the stock is currently owned by company insiders.

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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