Nuveen Asset Management LLC Buys 107,695 Shares of Wingstop Inc. (NASDAQ:WING)

Nuveen Asset Management LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 85.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 233,219 shares of the restaurant operator’s stock after buying an additional 107,695 shares during the quarter. Nuveen Asset Management LLC’s holdings in Wingstop were worth $66,281,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after buying an additional 73 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Wingstop during the 4th quarter worth $30,000. V Square Quantitative Management LLC raised its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after buying an additional 37 shares during the period. Finally, Quarry LP acquired a new stake in Wingstop during the 4th quarter worth $41,000.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wingstop Stock Performance

NASDAQ:WING opened at $321.08 on Friday. The stock’s 50-day simple moving average is $238.85 and its 200 day simple moving average is $274.81. The company has a market cap of $8.96 billion, a P/E ratio of 86.54, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. The business had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop’s payout ratio is currently 18.09%.

Analyst Ratings Changes

Several analysts recently commented on WING shares. Guggenheim raised their price objective on Wingstop from $280.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Wedbush dropped their price objective on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Truist Financial lifted their price target on Wingstop from $242.00 to $274.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research note on Monday, March 31st. Finally, Raymond James reissued an “outperform” rating and issued a $330.00 price target (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.78.

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.