Jacobs Levy Equity Management Inc. Has $102.11 Million Holdings in Wingstop Inc. (NASDAQ:WING)

Jacobs Levy Equity Management Inc. increased its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 95.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 359,304 shares of the restaurant operator's stock after purchasing an additional 175,236 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.23% of Wingstop worth $102,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its position in shares of Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after buying an additional 34 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in 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 acquiring an additional 35 shares during the period. V Square Quantitative Management LLC grew its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 37 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Wingstop by 0.5% in the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after purchasing an additional 42 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Wingstop by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock worth $255,000 after purchasing an additional 47 shares in the last quarter.

Wall Street Analyst Weigh In

WING has been the topic of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price target 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. Benchmark reduced their price objective on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Piper Sandler upped their target price on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Truist Financial raised their price target on Wingstop from $242.00 to $274.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.09.

Wingstop Stock Performance

NASDAQ WING opened at $267.34 on Friday. The stock has a market capitalization of $7.46 billion, a PE ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80. The stock has a 50-day simple moving average of $230.75 and a 200 day simple moving average of $276.47. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86.

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 for the quarter, beating the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, equities research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio is currently 18.09%.

Insider Activity at Wingstop

In other Wingstop news, 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 transaction of $173,945.59. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

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.

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