Strs Ohio Purchases 8,700 Shares of Wingstop Inc. (NASDAQ:WING)

Strs Ohio lifted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,100 shares of the restaurant operator's stock after purchasing an additional 8,700 shares during the period. Strs Ohio owned 0.27% of Wingstop worth $20,295,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WING. Alliancebernstein L.P. boosted its position in shares of Wingstop by 1,176.9% during the fourth quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator's stock worth $123,767,000 after buying an additional 828,904 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Wingstop during the fourth quarter worth $61,571,000. Artisan Partners Limited Partnership boosted its position in shares of Wingstop by 64.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator's stock worth $194,216,000 after buying an additional 422,727 shares during the period. American Century Companies Inc. boosted its position in shares of Wingstop by 29.4% during the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator's stock worth $292,520,000 after buying an additional 370,032 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in shares of Wingstop by 18,061.1% in the first quarter. Balyasny Asset Management L.P. now owns 274,778 shares of the restaurant operator's stock valued at $50,444,000 after acquiring an additional 273,265 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group increased their price objective on Wingstop from $310.00 to $335.00 and gave the company a "hold" rating in a research note on Tuesday. Truist Financial restated a "hold" rating and issued a $292.00 price target on shares of Wingstop in a research note on Monday, April 1st. Stephens started coverage on Wingstop in a report on Friday, April 12th. They set an "overweight" rating and a $425.00 price objective on the stock. TD Cowen reaffirmed a "buy" rating and set a $410.00 price objective on shares of Wingstop in a report on Wednesday, April 10th. Finally, Morgan Stanley raised their price objective on Wingstop from $280.00 to $315.00 and gave the stock an "equal weight" rating in a report on Friday, April 12th. 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, Wingstop has a consensus rating of "Hold" and a consensus target price of $290.83.

Insider Activity

In other 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 completion of the sale, the director now directly 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 link. In other news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction dated 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 sale, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company's stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock valued at $5,120,605 in the last ninety days. Company insiders own 0.36% of the company's stock.

Wingstop Price Performance

WING traded down $11.10 during trading on Wednesday, hitting $359.57. The company's stock had a trading volume of 455,474 shares, compared to its average volume of 466,182. The firm's 50 day moving average price is $344.96 and its 200-day moving average price is $271.99. The stock has a market cap of $10.56 billion, a PE ratio of 152.11, a PEG ratio of 6.36 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 announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company had revenue of $127.06 million during the quarter, compared to analysts' expectations of $120.47 million. During the same period in the previous year, the company earned $0.60 EPS. The business's quarterly revenue was up 21.2% compared to the same quarter last year. Equities analysts anticipate that Wingstop Inc. will post 3 earnings per share for the current year.

Wingstop Announces Dividend

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

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.