Vanguard Personalized Indexing Management LLC Has $1.22 Million Holdings in Wingstop Inc. $WING

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 26.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,613 shares of the restaurant operator’s stock after buying an additional 748 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Wingstop were worth $1,217,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WING. Signaturefd LLC boosted its stake in Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 77 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Wingstop in the second quarter valued at $43,000. Geneos Wealth Management Inc. raised its holdings in shares of Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the period. Parallel Advisors LLC raised its holdings in shares of Wingstop by 22.3% during the second 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 period. Finally, National Bank of Canada FI bought a new position in shares of Wingstop during the 1st quarter worth about $70,000.

Wingstop Price Performance

WING opened at $257.04 on Friday. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 42.84, a P/E/G ratio of 3.26 and a beta of 1.78. The firm’s fifty day moving average price is $286.20 and its two-hundred day moving average price is $298.92. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The company had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.30 dividend. This is a boost from Wingstop’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Wingstop’s dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of brokerages recently commented on WING. Zacks Research lowered Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Benchmark reduced their price objective on Wingstop from $410.00 to $340.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Truist Financial set a $400.00 target price on Wingstop in a research report on Tuesday. Wolfe Research initiated coverage on shares of Wingstop in a research report on Wednesday, July 9th. They issued an “outperform” rating and a $280.00 price target for the company. Finally, Sanford C. Bernstein restated an “overweight” rating and set a $440.00 price objective on shares of Wingstop in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $366.73.

Insider Buying and Selling at Wingstop

In related news, CEO Michael Skipworth sold 4,500 shares of Wingstop stock in a transaction that occurred 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 owned 42,777 shares of the company’s stock, valued at approximately $15,842,034.18. The trade was a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alex Kaleida sold 5,400 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $376.09, for a total value of $2,030,886.00. Following the completion of the sale, the chief financial officer owned 8,362 shares in the company, valued at approximately $3,144,864.58. The trade was a 39.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,838 shares of company stock worth $8,118,535 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Wingstop Company 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.