Wellington Management Group LLP Has $67.91 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Wellington Management Group LLP lifted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,942 shares of the restaurant operator's stock after acquiring an additional 7,899 shares during the quarter. Wellington Management Group LLP owned 0.83% of Wingstop worth $67,907,000 at the end of the most recent reporting period.

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

Wingstop Trading Up 0.4%

NASDAQ:WING traded up $1.40 during trading hours on Friday, hitting $341.96. 621,236 shares of the company traded hands, compared to its average volume of 627,325. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 92.17, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The firm has a 50-day moving average of $261.88 and a 200 day moving average of $276.02.

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

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop's dividend payout ratio (DPR) is 18.09%.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the 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 completion of the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 10,728 shares of company stock valued at $3,568,711 in the last quarter. Corporate insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. Barclays lowered their price target on Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler raised their price objective on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. TD Securities raised their price objective on Wingstop from $310.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Guggenheim raised their price objective on Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and a consensus 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.