Wingstop Inc. (NASDAQ:WING) Holdings Increased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,780 shares of the restaurant operator's stock after acquiring an additional 9,735 shares during the period. Ensign Peak Advisors Inc owned approximately 0.13% of Wingstop worth $10,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake 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 period. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the fourth quarter valued at $30,000. V Square Quantitative Management LLC boosted 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 valued at $41,000 after purchasing an additional 37 shares during the period. Finally, Quarry LP purchased a new position in shares of Wingstop in the fourth quarter valued at $41,000.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction dated 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 directly owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on WING. Benchmark decreased their target price on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Bank of America upped their target price on shares of Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday. Wedbush decreased their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Northcoast Research downgraded shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Finally, Guggenheim increased their price objective on shares of Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.78.

Wingstop Trading Up 4.1%

NASDAQ:WING traded up $12.60 during mid-day trading on Friday, hitting $321.08. The stock had a trading volume of 891,100 shares, compared to its average volume of 613,344. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 86.54, a P/E/G ratio of 2.27 and a beta of 1.80. The company has a 50 day simple moving average of $236.69 and a 200-day simple moving average of $275.25. 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 issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million for 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%. Wingstop's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. As a group, equities research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The company 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 0.34%. Wingstop's dividend payout ratio is presently 18.09%.

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.