Northern Trust Corp Has $82.29 Million Stake in Wingstop Inc. (NASDAQ:WING)

Northern Trust Corp increased its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 289,561 shares of the restaurant operator's stock after purchasing an additional 46,985 shares during the quarter. Northern Trust Corp owned approximately 0.99% of Wingstop worth $82,293,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WING. Verdence Capital Advisors LLC boosted its holdings in shares of Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after buying an additional 34 shares during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 37 shares during the period. Arizona State Retirement System lifted its position in shares of Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after purchasing an additional 42 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Wingstop by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock valued at $255,000 after purchasing an additional 47 shares during the period.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president now owns 517 shares of the company's stock, valued at $141,177.19. The trade was a 55.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company's stock.

Wingstop Stock Up 1.2 %

WING stock traded up $3.28 during midday trading on Wednesday, reaching $270.13. The company's stock had a trading volume of 628,982 shares, compared to its average volume of 598,162. The business's 50-day simple moving average is $228.95 and its 200-day simple moving average is $278.41. The stock has a market cap of $7.54 billion, a PE ratio of 72.81, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The business had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm's revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.40%. Wingstop's dividend payout ratio is currently 18.09%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Robert W. Baird reduced their target price on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Stifel Nicolaus lowered their price target on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lifted their price objective on Wingstop from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Stephens reiterated an "overweight" rating and set a $385.00 price target on shares of Wingstop in a research note on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wingstop has a consensus rating of "Moderate Buy" and an average price target of $320.05.

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.