Wingstop Inc. (NASDAQ:WING) Shares Acquired by Twinbeech Capital LP

Twinbeech Capital LP raised its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 130.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,202 shares of the restaurant operator's stock after acquiring an additional 20,493 shares during the period. Twinbeech Capital LP owned 0.12% of Wingstop worth $10,289,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in shares of Wingstop by 28.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,709 shares of the restaurant operator's stock worth $1,054,000 after buying an additional 830 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Wingstop during the 4th quarter worth $216,000. Crossmark Global Holdings Inc. increased its holdings in shares of Wingstop by 13.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,628 shares of the restaurant operator's stock worth $747,000 after buying an additional 302 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Wingstop by 277.5% during the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock worth $1,356,000 after buying an additional 3,507 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Wingstop by 19.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,400 shares of the restaurant operator's stock worth $398,000 after buying an additional 226 shares during the last quarter.

Insider Buying and Selling at Wingstop

In other Wingstop 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 value of $173,945.59. Following the sale, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Wingstop Trading Up 0.4%

NASDAQ WING traded up $1.33 during trading hours on Friday, reaching $322.47. The company's stock had a trading volume of 479,171 shares, compared to its average volume of 624,279. The business has a 50-day simple moving average of $250.08 and a 200 day simple moving average of $275.65. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86. The stock has a market cap of $9.00 billion, a PE ratio of 86.92, a PEG ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter last year, the business earned $0.98 earnings per share. Wingstop's revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts predict that Wingstop Inc. will post 4.18 EPS for the current 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 paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. Wingstop's payout ratio is currently 18.09%.

Wall Street Analyst Weigh In

WING has been the subject of a number of research analyst reports. Bank of America upped their price objective on Wingstop from $319.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Piper Sandler upped their price objective on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. UBS Group dropped their price objective on Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a report on Monday, April 28th. BTIG Research restated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Finally, Robert W. Baird upped their price target on shares of Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $333.96.

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.