Wingstop Inc. (NASDAQ:WING) Shares Purchased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC lifted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 21.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,910 shares of the restaurant operator's stock after purchasing an additional 851 shares during the quarter. Tritonpoint Wealth LLC's holdings in Wingstop were worth $1,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop during the 4th quarter worth about $30,000. Finally, True Wealth Design LLC boosted its stake in shares of Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares during the last quarter.

Insider Activity

In other news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the sale, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at $15,919,074.60. The trade was a 17.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Wingstop Price Performance

NASDAQ WING traded up $6.26 during mid-day trading on Wednesday, hitting $352.40. The company's stock had a trading volume of 279,333 shares, compared to its average volume of 639,394. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86. The stock's fifty day simple moving average is $293.82 and its two-hundred day simple moving average is $278.15. The firm has a market capitalization of $9.83 billion, a P/E ratio of 59.00, a price-to-earnings-growth ratio of 4.89 and a beta of 1.88.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The business's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial raised shares of Wingstop from a "hold" rating to a "buy" rating and raised their price target for the stock from $274.00 to $400.00 in a research note on Tuesday, May 27th. Cowen reaffirmed a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a research note on Monday, March 31st. Benchmark decreased their price target on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, TD Securities reiterated a "buy" rating and set a $440.00 price objective on shares of Wingstop in a report on Tuesday. Five equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $352.70.

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.