Wingstop Inc. (NASDAQ:WING) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,016 shares of the restaurant operator's stock after acquiring an additional 49,948 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.85% of Wingstop worth $64,149,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Wingstop by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator's stock worth $67,000 after buying an additional 38 shares during the period. Kovack Advisors Inc. raised its stake in shares of Wingstop by 1.7% during the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator's stock worth $595,000 after buying an additional 39 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Wingstop by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator's stock worth $2,365,000 after buying an additional 60 shares during the period. Legato Capital Management LLC raised its stake in shares of Wingstop by 5.6% during the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator's stock worth $412,000 after buying an additional 85 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Wingstop by 4.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,803 shares of the restaurant operator's stock worth $463,000 after buying an additional 85 shares during the period.

Insider Transactions at Wingstop

In related news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction 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 $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction 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 $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kate S. Lavelle sold 750 shares of Wingstop stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the sale, the director now directly owns 3,567 shares of the company's stock, valued at approximately $1,407,431.19. The disclosure for this sale can be found here. Insiders sold a total of 8,132 shares of company stock valued at $3,150,183 over the last quarter. Company insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WING. Barclays upped their target price on Wingstop from $350.00 to $418.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Truist Financial increased their price objective on Wingstop from $320.00 to $345.00 and gave the company a "hold" rating in a research note on Thursday, May 2nd. Stephens reissued an "overweight" rating and issued a $425.00 price objective on shares of Wingstop in a research note on Wednesday, May 1st. Bank of America increased their price objective on Wingstop from $421.00 to $461.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley increased their price objective on Wingstop from $280.00 to $315.00 and gave the company an "equal weight" rating in a research note on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wingstop has an average rating of "Hold" and an average target price of $330.39.

Wingstop Trading Up 0.7 %

Shares of NASDAQ WING traded up $2.77 during mid-day trading on Friday, reaching $383.89. The company had a trading volume of 293,131 shares, compared to its average volume of 475,879. The stock has a market cap of $11.25 billion, a PE ratio of 136.62, a P/E/G ratio of 4.89 and a beta of 1.67. The company has a 50-day moving average price of $370.64 and a two-hundred day moving average price of $309.74. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $400.99.

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

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.22 dividend. The ex-dividend date of this dividend 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 presently 31.32%.

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.

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