Stephens Investment Management Group LLC Has $104.58 Million Stake in Wingstop Inc. $WING

Stephens Investment Management Group LLC grew its holdings in Wingstop Inc. (NASDAQ:WING) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 415,521 shares of the restaurant operator’s stock after purchasing an additional 12,806 shares during the period. Wingstop makes up about 1.4% of Stephens Investment Management Group LLC’s portfolio, making the stock its 8th biggest position. Stephens Investment Management Group LLC owned about 1.49% of Wingstop worth $104,578,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Freedom Investment Management Inc. boosted its stake in Wingstop by 2.2% in the second quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 30 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Wingstop by 16.8% in the second quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 32 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Wingstop by 2.9% in the 2nd quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock valued at $389,000 after purchasing an additional 33 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Wingstop by 22.3% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 33 shares during the last quarter. Finally, Signaturefd LLC increased its position in Wingstop by 26.2% during the 2nd quarter. Signaturefd LLC now owns 188 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 39 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WING shares. Truist Financial dropped their price objective on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Benchmark dropped their price target on Wingstop from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company cut their price objective on Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $350.00 price objective on shares of Wingstop in a research report on Monday, December 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $363.00 target price on shares of Wingstop in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $340.64.

Wingstop Stock Up 2.1%

Shares of NASDAQ:WING opened at $276.31 on Friday. The firm has a market cap of $7.68 billion, a P/E ratio of 45.00, a P/E/G ratio of 3.09 and a beta of 1.77. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14. The business has a fifty day simple moving average of $252.60 and a 200 day simple moving average of $278.51.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The firm had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 21st. Wingstop’s dividend payout ratio is currently 19.54%.

Insider Transactions at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.