Vanguard Group Inc. Sells 15,751 Shares of Wingstop Inc. $WING

Vanguard Group Inc. lowered its position in Wingstop Inc. (NASDAQ:WINGFree Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,604,747 shares of the restaurant operator’s stock after selling 15,751 shares during the period. Vanguard Group Inc. owned 0.09% of Wingstop worth $621,206,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of Wingstop by 17.3% in the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 39 shares in the last quarter. YANKCOM Partnership lifted its holdings in shares of Wingstop by 10.1% in the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Wingstop by 5.0% in the third quarter. Ballentine Partners LLC now owns 985 shares of the restaurant operator’s stock valued at $248,000 after purchasing an additional 47 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Wingstop by 2.3% in the third quarter. Quadrant Capital Group LLC now owns 2,583 shares of the restaurant operator’s stock valued at $650,000 after purchasing an additional 59 shares in the last quarter.

Wingstop Stock Performance

Shares of Wingstop stock opened at $160.73 on Monday. The business’s fifty day simple moving average is $195.85 and its 200 day simple moving average is $233.46. The firm has a market capitalization of $4.38 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.86. Wingstop Inc. has a 12 month low of $142.24 and a 12 month high of $388.14.

Wingstop (NASDAQ:WINGGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.Wingstop’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Analysts predict that Wingstop Inc. will post 4.57 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is 29.85%.

Trending Headlines about Wingstop

Here are the key news stories impacting Wingstop this week:

Insiders Place Their Bets

In related news, Director Kilandigalu Madati sold 2,700 shares of Wingstop stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director directly owned 2,583 shares in the company, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the sale, the director owned 4,375 shares in the company, valued at $1,093,750. This trade represents a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WING. Wells Fargo & Company dropped their target price on Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday. DA Davidson restated a “buy” rating and issued a $250.00 target price on shares of Wingstop in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and issued a $255.00 target price on shares of Wingstop in a report on Thursday. Piper Sandler upgraded Wingstop from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. Finally, Benchmark dropped their target price on Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and an average target price of $283.79.

Read Our Latest Stock Analysis on Wingstop

Wingstop Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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