Xponance Inc. Decreases Holdings in Wingstop Inc. (NASDAQ:WING)

Xponance Inc. decreased its position in shares of Wingstop Inc. (NASDAQ:WING) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,447 shares of the restaurant operator’s stock after selling 270 shares during the quarter. Xponance Inc.’s holdings in Wingstop were worth $1,654,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the 4th quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in Wingstop in the 3rd quarter valued at approximately $38,000. FSC Wealth Advisors LLC purchased a new stake in Wingstop in the 4th quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale purchased a new stake in Wingstop in the 3rd quarter valued at approximately $72,000. Finally, Covestor Ltd lifted its stake in Wingstop by 330.3% in the 3rd quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock valued at $84,000 after buying an additional 360 shares in the last quarter.

Wingstop Stock Up 2.8 %

WING stock opened at $364.73 on Wednesday. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $379.00. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 155.20, a PEG ratio of 6.27 and a beta of 1.68. The business has a fifty day simple moving average of $351.10 and a 200-day simple moving average of $278.19.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts expect that Wingstop Inc. will post 3.01 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.24%. Wingstop’s dividend payout ratio is currently 37.45%.

Insider Activity at Wingstop

In other news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. In the last three months, insiders sold 14,901 shares of company stock worth $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

WING has been the topic of a number of recent research reports. Wedbush upped their target price on Wingstop from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Stephens initiated coverage on Wingstop in a research note on Friday, April 12th. They issued an “overweight” rating and a $425.00 target price on the stock. Sanford C. Bernstein initiated coverage on Wingstop in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 target price on the stock. Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus increased their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $290.83.

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.