1,132 Shares in Wingstop Inc. (NASDAQ:WING) Acquired by Wedmont Private Capital

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

A number of other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Wingstop during the fourth quarter worth approximately $10,177,000. Y Intercept Hong Kong Ltd boosted its stake in Wingstop by 779.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after acquiring an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Wingstop by 475.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after acquiring an additional 57,193 shares during the last quarter. Versor Investments LP grew its holdings in Wingstop by 149.0% during the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock worth $1,509,000 after acquiring an additional 3,177 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Wingstop by 153.0% in the 4th quarter. Jupiter Asset Management Ltd. now owns 80,853 shares of the restaurant operator's stock worth $22,978,000 after purchasing an additional 48,898 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Cowen restated a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Bank of America lifted their target price on Wingstop from $319.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price target on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, TD Securities raised their price objective on Wingstop from $330.00 to $400.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $350.96.

Wingstop Stock Performance

Shares of WING stock traded down $22.55 during mid-day trading on Thursday, hitting $358.45. 1,131,922 shares of the stock traded hands, compared to its average volume of 635,292. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 96.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The company's 50-day simple moving average is $283.87 and its 200-day simple moving average is $278.02.

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

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.30%. Wingstop's dividend payout ratio is currently 18.09%.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Raj Kapoor sold 637 shares of the firm'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 completion of the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at $141,177.19. This 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.

Wingstop 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.