Wingstop Inc. (NASDAQ:WING) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 542.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,773 shares of the restaurant operator's stock after acquiring an additional 9,097 shares during the quarter. Nisa Investment Advisors LLC's holdings in Wingstop were worth $2,764,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop in the fourth quarter worth approximately $28,000. FSC Wealth Advisors LLC acquired a new stake in Wingstop during the fourth quarter worth approximately $39,000. Headlands Technologies LLC acquired a new stake in Wingstop during the third quarter worth approximately $38,000. Coppell Advisory Solutions LLC acquired a new stake in Wingstop during the second quarter worth approximately $48,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 79 shares in the last quarter.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael Skipworth sold 10,843 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kilandigalu Madati sold 1,472 shares of the business's stock in a transaction dated 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 sale, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,901 shares of company stock worth $5,120,605. Corporate insiders own 0.36% of the company's stock.

Wingstop Stock Performance

WING traded down $1.80 during trading on Friday, hitting $365.15. The stock had a trading volume of 221,599 shares, compared to its average volume of 467,419. The firm has a market capitalization of $10.72 billion, a P/E ratio of 155.38, a PEG ratio of 6.52 and a beta of 1.68. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $379.00. The company's 50-day moving average price is $341.81 and its 200 day moving average price is $268.77.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results 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 company had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business's revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. As a group, equities analysts expect that Wingstop Inc. will post 3 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Wingstop in a report on Wednesday, February 14th. They set an "outperform" rating and a $340.00 price objective on the stock. Truist Financial reissued a "hold" rating and set a $292.00 price objective on shares of Wingstop in a report on Monday, April 1st. BMO Capital Markets lifted their target price on shares of Wingstop from $235.00 to $275.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. Wedbush lifted their target price on shares of Wingstop from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Finally, Robert W. Baird lifted their target price on shares of Wingstop from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $271.83.

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.