Wingstop Inc. (NASDAQ:WING) Stock Holdings Lifted by True Wealth Design LLC

True Wealth Design LLC lifted its holdings in Wingstop Inc. (NASDAQ:WING) by 62.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 141 shares of the restaurant operator’s stock after buying an additional 54 shares during the quarter. True Wealth Design LLC’s holdings in Wingstop were worth $40,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WING. EverSource Wealth Advisors LLC increased its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wingstop by 62.5% in 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 during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop in the 4th quarter worth about $30,000. V Square Quantitative Management LLC increased its holdings in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 37 shares during the period. Finally, Quarry LP acquired a new stake in shares of Wingstop in the 4th quarter worth about $41,000.

Analyst Upgrades and Downgrades

WING has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $360.00 price objective on shares of Wingstop in a report on Wednesday. Benchmark dropped their price objective on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of Wingstop from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial raised their target price on shares of Wingstop from $242.00 to $274.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.78.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Wingstop Price Performance

Wingstop stock opened at $321.08 on Friday. The firm’s 50 day simple moving average is $238.85 and its 200-day simple moving average is $274.81. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The company has a market cap of $8.96 billion, a P/E ratio of 86.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING) last announced 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. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The firm had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. On average, analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, May 16th. Wingstop’s dividend payout ratio is 18.09%.

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.