Zevenbergen Capital Investments LLC Sells 4,263 Shares of Wingstop Inc. (NASDAQ:WING)

Zevenbergen Capital Investments LLC trimmed its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,744 shares of the restaurant operator's stock after selling 4,263 shares during the period. Zevenbergen Capital Investments LLC owned approximately 0.65% of Wingstop worth $49,198,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in Wingstop by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 38 shares during the period. Kovack Advisors Inc. boosted its position in shares of Wingstop by 1.7% in the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator's stock valued at $595,000 after acquiring an additional 39 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Wingstop by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator's stock worth $2,365,000 after acquiring an additional 60 shares during the last quarter. Legato Capital Management LLC increased its position in 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. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Wingstop during the fourth quarter worth $28,000.

Insider Activity at Wingstop

In other news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now directly owns 8,170 shares of the company's stock, valued at approximately $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction on Wednesday, May 8th. The stock was 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 approximately $3,238,588. The disclosure for this sale can be found here. Insiders sold a total of 19,881 shares of company stock valued at $7,093,305 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Wingstop Stock Performance

Wingstop stock traded down $2.69 on Friday, reaching $386.28. The company's stock had a trading volume of 269,000 shares, compared to its average volume of 525,353. The business's fifty day moving average price is $367.03 and its 200 day moving average price is $303.51. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 137.47, a PEG ratio of 5.34 and a beta of 1.67. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $400.99.

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

Wingstop Announces Dividend

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

Wall Street Analysts Forecast Growth

WING has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. BMO Capital Markets boosted their price target on Wingstop from $275.00 to $325.00 and gave the company a "market perform" rating in a research note on Thursday, May 2nd. Jefferies Financial Group upped their price target on Wingstop from $310.00 to $335.00 and gave the company a "hold" rating in a report on Tuesday, April 16th. Sanford C. Bernstein assumed coverage on Wingstop in a report on Wednesday, February 14th. They set an "outperform" rating and a $340.00 price objective on the stock. Finally, Stephens restated an "overweight" rating and issued a $425.00 target price on shares of Wingstop in a research note on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $330.39.

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.