AGF Management Ltd. Boosts Holdings in Wingstop Inc. (NASDAQ:WING)

AGF Management Ltd. raised its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 54.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,420 shares of the restaurant operator's stock after purchasing an additional 16,420 shares during the period. AGF Management Ltd. owned 0.16% of Wingstop worth $11,910,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop in the 4th quarter worth approximately $28,000. Headlands Technologies LLC purchased a new position in shares of Wingstop in the 3rd quarter worth approximately $38,000. FSC Wealth Advisors LLC purchased a new position in shares of Wingstop in the 4th quarter worth approximately $39,000. SRS Capital Advisors Inc. grew its position in shares of Wingstop by 323.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator's stock worth $60,000 after buying an additional 178 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Wingstop in the 3rd quarter worth approximately $72,000.

Wingstop Trading Down 2.0 %

Shares of WING stock traded down $7.77 during trading hours on Friday, hitting $390.02. The company's stock had a trading volume of 321,049 shares, compared to its average volume of 515,049. The company has a 50 day moving average of $364.96 and a 200 day moving average of $297.08. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $400.99. The stock has a market cap of $11.45 billion, a PE ratio of 138.80, a price-to-earnings-growth ratio of 5.35 and a beta of 1.67.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was up 34.0% compared to the same quarter last year. As a group, analysts anticipate that Wingstop Inc. will post 3.39 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 16th. Wingstop's dividend payout ratio (DPR) is presently 31.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen reaffirmed a "buy" rating and issued a $410.00 price objective on shares of Wingstop in a research report on Wednesday, May 1st. Wedbush lifted their target price on shares of Wingstop from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their target price on shares of Wingstop from $390.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. Stephens reiterated an "overweight" rating and issued a $425.00 target price on shares of Wingstop in a research note on Wednesday, May 1st. Finally, Barclays lifted their target price on shares of Wingstop from $350.00 to $418.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $330.39.

Insider Buying and Selling

In related news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares of the company's stock, valued at $3,238,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the company's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the transaction, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kate S. Lavelle sold 750 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the transaction, the director now owns 3,567 shares of the company's stock, valued at $1,407,431.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,881 shares of company stock valued at $7,093,305. Corporate insiders own 0.36% of the company's stock.

Wingstop Company 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.