Integrated Wealth Concepts LLC Trims Position in Wingstop Inc. (NASDAQ:WING)

Integrated Wealth Concepts LLC decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,487 shares of the restaurant operator's stock after selling 1,087 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Wingstop were worth $423,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC increased its stake in shares of Wingstop by 3.9% during the fourth 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 holdings in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Wingstop by 34.9% during the 4th 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 last quarter. Arizona State Retirement System grew its stake in shares of Wingstop by 0.5% during the fourth 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 in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Wingstop by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock valued at $255,000 after buying an additional 47 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WING shares. Sanford C. Bernstein set a $260.00 price objective on Wingstop in a research report on Tuesday, April 22nd. The Goldman Sachs Group increased their price target on shares of Wingstop from $280.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird reduced their price objective on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Morgan Stanley dropped their target price on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Finally, Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target for the company in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $320.05.

Wingstop Price Performance

WING traded down $2.37 during midday trading on Tuesday, reaching $266.85. 782,174 shares of the company's stock were exchanged, compared to its average volume of 597,312. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The stock has a market capitalization of $7.45 billion, a PE ratio of 71.93, a P/E/G ratio of 2.27 and a beta of 1.80. The business's 50-day moving average price is $228.25 and its 200 day moving average price is $278.47.

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 (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. The firm 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 company's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. As a group, analysts expect that Wingstop Inc. will post 4.18 EPS 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 16th. 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.