Wingstop Inc. (NASDAQ:WING) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 25.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,346 shares of the restaurant operator's stock after acquiring an additional 1,096 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Wingstop were worth $1,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. American Century Companies Inc. increased its holdings in shares of Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock valued at $342,763,000 after acquiring an additional 22,552 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Wingstop by 29.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock valued at $326,893,000 after acquiring an additional 262,229 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after acquiring an additional 154,055 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Wingstop by 21.4% in the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock valued at $163,131,000 after acquiring an additional 101,247 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Wingstop by 2.6% in the 4th quarter. Marshall Wace LLP now owns 547,831 shares of the restaurant operator's stock valued at $155,694,000 after purchasing an additional 14,124 shares during the period.

Insider Activity

In related news, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction 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 transaction, the chief executive officer now owns 47,190 shares in the company, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

WING has been the subject of a number of research analyst reports. Truist Financial raised Wingstop from a "hold" rating to a "buy" rating and upped their target price for the company from $274.00 to $400.00 in a research report on Tuesday, May 27th. The Goldman Sachs Group upped their target price on Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Guggenheim upped their target price on Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company upped their target price on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, Piper Sandler increased 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has given 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 a consensus target price of $362.26.

Wingstop Price Performance

Wingstop stock traded up $4.19 during mid-day trading on Friday, hitting $347.61. 700,298 shares of the company were exchanged, compared to its average volume of 649,394. The business's 50 day simple moving average is $313.52 and its two-hundred day simple moving average is $279.32. The company has a market capitalization of $9.70 billion, a P/E ratio of 58.23, a PEG ratio of 4.86 and a beta of 1.88. 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 released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. Wingstop's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. Equities research analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, May 16th. Wingstop's dividend payout ratio is currently 18.09%.

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.