Wingstop Inc. (NASDAQ:WING) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,930 shares of the restaurant operator's stock after selling 32,161 shares during the quarter. WCM Investment Management LLC owned about 0.19% of Wingstop worth $14,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Wingstop by 4,651.9% in the fourth quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator's stock valued at $329,000 after purchasing an additional 1,256 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Wingstop by 542.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator's stock worth $2,764,000 after acquiring an additional 9,097 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Wingstop by 144.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 972 shares of the restaurant operator's stock worth $249,000 after acquiring an additional 574 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop in the 4th quarter worth about $28,000. Finally, Pacer Advisors Inc. increased its stake in Wingstop by 74.3% in the 4th quarter. Pacer Advisors Inc. now owns 4,420 shares of the restaurant operator's stock worth $1,134,000 after acquiring an additional 1,884 shares during the last quarter.

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now owns 5,450 shares of the company's stock, valued at approximately $1,852,291.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares of the company's stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on WING. TD Cowen restated a "buy" rating and issued a $410.00 target price on shares of Wingstop in a research note on Wednesday. Truist Financial restated a "hold" rating and issued a $292.00 target price on shares of Wingstop in a research note on Monday, April 1st. Stifel Nicolaus upped their target price on Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Stephens began coverage on Wingstop in a research note on Friday. They issued an "overweight" rating and a $425.00 target price on the stock. Finally, Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $271.83.

Wingstop Stock Performance

WING stock traded down $1.80 during trading on Friday, hitting $365.15. 221,599 shares of the company traded hands, compared to its average volume of 467,419. The firm has a market capitalization of $10.72 billion, a PE ratio of 155.38, a P/E/G ratio of 6.48 and a beta of 1.68. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $379.00. The company has a 50-day moving average of $341.81 and a 200-day moving average of $269.40.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $127.06 million during the quarter, compared to analysts' expectations of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. Wingstop's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Sell-side analysts expect that Wingstop Inc. will post 3 EPS for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued 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 (DPR) is currently 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.