Wellington Management Group LLP Buys 7,899 Shares of Wingstop Inc. (NASDAQ:WING)

Wellington Management Group LLP lifted its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,942 shares of the restaurant operator's stock after buying an additional 7,899 shares during the period. Wellington Management Group LLP owned approximately 0.83% of Wingstop worth $67,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in WING. Alyeska Investment Group L.P. bought a new stake in shares of Wingstop in the fourth quarter valued at approximately $151,802,000. Raymond James Financial Inc. acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $115,301,000. Norges Bank acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $106,123,000. Ameriprise Financial Inc. boosted its position in shares of Wingstop by 760.9% during the 4th quarter. Ameriprise Financial Inc. now owns 381,745 shares of the restaurant operator's stock worth $108,497,000 after acquiring an additional 337,401 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $77,855,000.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total value 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. The trade was a 17.49% 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, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wingstop Trading Up 2.2%

WING stock traded up $7.40 during trading on Monday, hitting $349.10. The company had a trading volume of 706,082 shares, compared to its average volume of 627,451. The business has a 50-day moving average of $264.45 and a 200-day moving average of $275.42. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The stock has a market cap of $9.74 billion, a PE ratio of 94.10, a PEG ratio of 2.27 and a beta of 1.80.

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, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same quarter last year, the firm earned $0.98 earnings per share. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. Research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio is presently 18.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an "overweight" rating and set a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Cowen reiterated a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Northcoast Research lowered shares of Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Finally, Wedbush dropped their price objective on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Five equities research 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's stock. According to data from MarketBeat.com, Wingstop presently has a consensus rating of "Moderate Buy" and an average target price of $341.83.

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.