Algert Global LLC Increases Stock Position in Wingstop Inc. (NASDAQ:WING)

Algert Global LLC raised its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,667 shares of the restaurant operator's stock after purchasing an additional 2,665 shares during the period. Algert Global LLC owned 0.09% of Wingstop worth $7,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidal Investments LLC grew its holdings in Wingstop by 7.8% during the 3rd quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator's stock valued at $315,000 after buying an additional 55 shares in the last quarter. Franklin Resources Inc. grew its stake in Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock valued at $326,020,000 after acquiring an additional 7,204 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Wingstop during the 4th quarter worth approximately $259,000. Diversified Trust Co purchased a new stake in Wingstop in the 4th quarter worth approximately $427,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Wingstop by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator's stock valued at $1,459,000 after purchasing an additional 65 shares during the period.

Wingstop Trading Up 2.2 %

NASDAQ WING traded up $5.99 during trading on Thursday, hitting $276.15. The company had a trading volume of 786,180 shares, compared to its average volume of 600,275. The company's fifty day moving average is $228.95 and its 200-day moving average is $278.41. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 74.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a one year low of $204.00 and a one year 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 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same period last year, the business posted $0.98 earnings per share. Wingstop's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.39%. Wingstop's payout ratio is 18.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WING. Stephens reaffirmed an "overweight" rating and issued a $385.00 price target on shares of Wingstop in a report on Wednesday, April 30th. The Goldman Sachs Group boosted their price objective on Wingstop from $280.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a report on Monday, March 31st. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Raymond James reiterated an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wingstop has a consensus rating of "Moderate Buy" and a consensus price target of $320.05.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.