Oak Thistle LLC Acquires 1,741 Shares of Wingstop Inc. (NASDAQ:WING)

Oak Thistle LLC raised its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 134.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,036 shares of the restaurant operator's stock after acquiring an additional 1,741 shares during the period. Oak Thistle LLC's holdings in Wingstop were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 62 shares in the last quarter. True Wealth Design LLC lifted its position in Wingstop by 62.1% in the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after buying an additional 54 shares in the last quarter. Quarry LP acquired a new position in shares of Wingstop during the 4th quarter worth $41,000. Signaturefd LLC increased its stake in shares of Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Wingstop in the 4th quarter valued at $49,000.

Insider Activity at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the 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 transaction, the senior vice president owned 517 shares of the company's stock, valued at $141,177.19. This represents a 55.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $3,373,400.00. Following the completion of the transaction, the chief executive officer directly owned 47,190 shares in the company, valued at approximately $15,919,074.60. The trade was a 17.49% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Melius assumed coverage on shares of Wingstop in a report on Monday, July 14th. They set a "hold" rating and a $350.00 price objective for the company. Guggenheim boosted their price target on shares of Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Raymond James Financial reaffirmed an "outperform" rating and issued a $400.00 target price (down previously from $425.00) on shares of Wingstop in a research note on Thursday, July 17th. Sanford C. Bernstein restated an "overweight" rating and set a $360.00 target price on shares of Wingstop in a report on Wednesday, May 14th. Finally, Citigroup upped their price target on shares of Wingstop from $296.00 to $321.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $355.80.

Wingstop Price Performance

Shares of WING traded up $2.38 during mid-day trading on Friday, reaching $302.01. The company had a trading volume of 750,842 shares, compared to its average volume of 562,072. The company's 50-day moving average is $339.30 and its 200-day moving average is $283.78. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The company has a market capitalization of $8.43 billion, a P/E ratio of 50.59, a P/E/G ratio of 4.04 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. The business had revenue of $171.09 million for 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%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, equities analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.36%. Wingstop's dividend payout ratio is currently 18.09%.

Wingstop Company 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.