Raymond James & Associates Cuts Stock Position in Wingstop Inc. (NASDAQ:WING)

Raymond James & Associates reduced its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,489 shares of the restaurant operator's stock after selling 3,349 shares during the quarter. Raymond James & Associates owned approximately 0.07% of Wingstop worth $5,001,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Legato Capital Management LLC boosted its holdings in shares of Wingstop by 5.6% during the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator's stock worth $412,000 after acquiring an additional 85 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Wingstop by 4.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 12,014 shares of the restaurant operator's stock worth $3,082,000 after buying an additional 561 shares during the period. Whittier Trust Co. increased its position in Wingstop by 2.6% during the 4th quarter. Whittier Trust Co. now owns 23,410 shares of the restaurant operator's stock worth $6,006,000 after buying an additional 597 shares during the period. Worth Asset Management LLC acquired a new stake in Wingstop in the 4th quarter worth about $257,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Wingstop by 34.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,628 shares of the restaurant operator's stock worth $3,710,000 after purchasing an additional 5,331 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stephens reiterated an "overweight" rating and set a $330.00 price target on shares of Wingstop in a research report on Wednesday, February 21st. BMO Capital Markets boosted their price target on Wingstop from $235.00 to $275.00 and gave the stock a "market perform" rating in a report on Thursday, February 22nd. Wedbush raised their price objective on Wingstop from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Robert W. Baird boosted their target price on Wingstop from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Finally, TD Cowen restated a "buy" rating and issued a $410.00 price target on shares of Wingstop in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of "Hold" and an average price target of $260.11.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company's stock, valued at $612,246.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Marisa Carona sold 2,586 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company's stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares of the company's stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock worth $5,120,605 over the last three months. 0.36% of the stock is currently owned by insiders.

Wingstop Trading Up 1.9 %

WING stock traded up $6.90 during trading on Thursday, reaching $366.95. 328,838 shares of the stock were exchanged, compared to its average volume of 472,488. The firm's 50 day moving average is $340.27 and its 200 day moving average is $266.80. The firm has a market cap of $10.78 billion, a P/E ratio of 156.15, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $379.00.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. During the same period in the prior year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that Wingstop Inc. will post 2.98 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 7th. Wingstop's dividend payout ratio is 37.45%.

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.