Sherbrooke Park Advisers LLC Increases Position in Wingstop Inc. (NASDAQ:WING)

Sherbrooke Park Advisers LLC lifted its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 106.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,002 shares of the restaurant operator's stock after acquiring an additional 1,033 shares during the period. Sherbrooke Park Advisers LLC's holdings in Wingstop were worth $569,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Alyeska Investment Group L.P. bought a new stake in Wingstop during the fourth quarter valued at $151,802,000. Raymond James Financial Inc. purchased a new stake in Wingstop in the fourth quarter valued at approximately $115,301,000. Norges Bank purchased a new stake in Wingstop in the fourth quarter valued at approximately $106,123,000. Ameriprise Financial Inc. lifted its position in Wingstop by 760.9% during the fourth quarter. Ameriprise Financial Inc. now owns 381,745 shares of the restaurant operator's stock valued at $108,497,000 after purchasing an additional 337,401 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Wingstop in the 4th quarter worth $77,855,000.

Insider Activity at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the sale, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WING has been the topic of a number of research analyst reports. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price on the stock in a research note on Monday, March 31st. Barclays cut their price objective on Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company upped their price objective on Wingstop from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Sanford C. Bernstein reiterated an "overweight" rating and issued a $360.00 price objective on shares of Wingstop in a report on Wednesday, May 14th. Finally, Cowen reiterated a "buy" rating on shares of Wingstop in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $331.78.

Wingstop Price Performance

NASDAQ:WING traded down $5.89 during mid-day trading on Tuesday, reaching $327.78. 718,424 shares of the company's stock traded hands, compared to its average volume of 619,813. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 88.35, a PEG ratio of 2.27 and a beta of 1.80. The company has a 50 day moving average price of $241.13 and a 200-day moving average price of $274.98.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate 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 net margin of 17.37% and a negative return on equity of 21.59%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.33%. Wingstop's dividend payout ratio is presently 18.09%.

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.