FORA Capital LLC Boosts Stock Holdings in Wingstop Inc. (NASDAQ:WING)

FORA Capital LLC grew its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 97.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,670 shares of the restaurant operator's stock after buying an additional 6,249 shares during the quarter. FORA Capital LLC's holdings in Wingstop were worth $3,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. bought a new position in Wingstop during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC grew its holdings in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the period. Finally, Quarry LP bought a new stake in Wingstop in the fourth quarter valued at approximately $41,000.

Wingstop Stock Down 3.2 %

NASDAQ WING traded down $8.81 on Friday, hitting $267.34. The company's stock had a trading volume of 794,634 shares, compared to its average volume of 603,752. The firm has a market cap of $7.46 billion, a PE ratio of 72.06, a PEG ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The company's 50-day moving average is $230.75 and its 200 day moving average is $276.47.

Wingstop (NASDAQ:WING - Get Free Report) last announced 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. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same period in the previous year, the business earned $0.98 EPS. The firm's revenue was up 17.4% compared to the same quarter last year. On average, equities analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The firm also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop's dividend payout ratio (DPR) is 18.09%.

Insider Activity

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the transaction, the senior vice president now owns 517 shares of the company's stock, valued at $141,177.19. The trade was a 55.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial raised their price objective on Wingstop from $242.00 to $274.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Jefferies Financial Group upgraded Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective for the company in a research report on Monday, March 31st. Piper Sandler boosted their price target on Wingstop from $271.00 to $272.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. The Goldman Sachs Group increased their price objective on shares of Wingstop from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Raymond James reaffirmed an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wingstop presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.09.

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.