Wedmont Private Capital Purchases New Shares in Wingstop Inc. (NASDAQ:WING)

Wedmont Private Capital purchased a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,132 shares of the restaurant operator's stock, valued at approximately $269,000.

A number of other large investors have also made changes to their positions in WING. 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 acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% during 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 period. SBI Securities Co. Ltd. acquired a new stake in Wingstop during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew 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. Finally, True Wealth Design LLC grew its position in Wingstop by 62.1% during 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 period.

Insider Buying and Selling at Wingstop

In related news, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the transaction, the chief executive officer now owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Raj Kapoor sold 637 shares of the company'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 transaction of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

WING has been the topic of several analyst reports. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. Sanford C. Bernstein reaffirmed an "overweight" rating and set a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Northcoast Research lowered shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Barclays lowered their target price on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Piper Sandler increased their target price on shares of Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and an average price target of $350.96.

Wingstop Price Performance

Shares of Wingstop stock traded down $4.39 during trading on Friday, hitting $354.06. 1,202,172 shares of the stock were exchanged, compared to its average volume of 640,457. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 95.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The firm's 50-day moving average price is $289.26 and its 200 day moving average price is $277.53. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. Wingstop's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, May 16th. Wingstop's dividend payout ratio (DPR) is presently 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.