1,117 Shares in Wingstop Inc. $WING Acquired by Index Fund Advisors Inc.

Index Fund Advisors Inc. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,117 shares of the restaurant operator’s stock, valued at approximately $376,000.

A number of other institutional investors have also recently modified their holdings of WING. UMB Bank n.a. raised its stake in Wingstop by 280.3% in the first quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 199 shares in the last quarter. GAMMA Investing LLC increased its holdings in Wingstop by 104.9% in the 1st quarter. GAMMA Investing LLC now owns 457 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 234 shares during the period. Fifth Third Bancorp raised its position in shares of Wingstop by 119.0% in the 1st quarter. Fifth Third Bancorp now owns 1,964 shares of the restaurant operator’s stock valued at $443,000 after buying an additional 1,067 shares in the last quarter. Tritonpoint Wealth LLC lifted its holdings in shares of Wingstop by 21.0% during the 1st quarter. Tritonpoint Wealth LLC now owns 4,910 shares of the restaurant operator’s stock worth $1,108,000 after acquiring an additional 851 shares during the period. Finally, Signature Wealth Management Group acquired a new stake in shares of Wingstop during the 1st quarter worth approximately $1,341,000.

Wingstop Stock Performance

Shares of NASDAQ WING opened at $241.25 on Monday. The firm has a 50 day moving average price of $294.32 and a two-hundred day moving average price of $298.62. The stock has a market cap of $6.74 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 3.04 and a beta of 1.78. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $407.09.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $174.33 million for the quarter, compared to analysts’ expectations of $172.60 million. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. Wingstop’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.30 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Wingstop’s payout ratio is presently 20.00%.

Insider Activity at Wingstop

In other news, CEO Michael Skipworth sold 4,500 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total value of $1,666,530.00. Following the sale, the chief executive officer directly owned 42,777 shares of the company’s stock, valued at approximately $15,842,034.18. This represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marisa Carona sold 11,938 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $370.34, for a total transaction of $4,421,118.92. The disclosure for this sale can be found here. Insiders have sold 21,838 shares of company stock worth $8,118,535 over the last ninety days. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

WING has been the topic of a number of research analyst reports. Benchmark reduced their target price on Wingstop from $410.00 to $340.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Wolfe Research began coverage on Wingstop in a research note on Wednesday, July 9th. They set an “outperform” rating and a $280.00 target price for the company. Piper Sandler started coverage on shares of Wingstop in a research note on Wednesday, July 9th. They issued an “overweight” rating on the stock. Guggenheim upped their price objective on shares of Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada began coverage on shares of Wingstop in a research note on Wednesday. They set an “outperform” rating and a $315.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.54.

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.