Wingstop Inc. (NASDAQ:WING) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel raised its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 32.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,200 shares of the restaurant operator's stock after buying an additional 11,525 shares during the quarter. Carnegie Investment Counsel owned about 0.17% of Wingstop worth $10,431,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its position in shares of Wingstop by 4.9% in the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock valued at $226,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Wingstop by 7.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 740 shares of the restaurant operator's stock valued at $210,000 after purchasing an additional 54 shares during the period. True Wealth Design LLC grew its position 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 valued at $40,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 62 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Wingstop by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,023 shares of the restaurant operator's stock valued at $1,359,000 after purchasing an additional 65 shares during the period.

Wingstop Trading Up 0.8%

WING traded up $2.38 during midday trading on Friday, hitting $302.01. 750,842 shares of the company were exchanged, compared to its average volume of 562,072. The company's 50 day simple moving average is $339.30 and its 200 day simple moving average is $283.78. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 50.59, a price-to-earnings-growth ratio of 4.04 and a beta of 1.84. Wingstop Inc. has a 1-year low of $204.00 and a 1-year 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 the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the previous year, the business earned $0.98 EPS. Wingstop's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. Wingstop's dividend payout ratio is presently 18.09%.

Insider Transactions at Wingstop

In related news, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

WING has been the topic of a number of research analyst reports. Citigroup increased their price target on Wingstop from $296.00 to $321.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Robert W. Baird raised their price objective on Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. The Goldman Sachs Group raised their target price on Wingstop from $310.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and set a $400.00 price target (down from $425.00) on shares of Wingstop in a report on Thursday, July 17th. Finally, Sanford C. Bernstein reiterated an "overweight" rating and issued a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.80.

About Wingstop

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.