Stephens Investment Management Group LLC lessened its position in shares of Wingstop Inc. (NASDAQ:WING – Free Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,281 shares of the restaurant operator’s stock after selling 110,240 shares during the period. Stephens Investment Management Group LLC’s holdings in Wingstop were worth $72,806,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in WING. Baird Financial Group Inc. bought a new position in Wingstop during the 1st quarter worth about $256,000. Jones Financial Companies Lllp increased its holdings in Wingstop by 2,770.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Wingstop by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after purchasing an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in Wingstop by 45.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 434 shares in the last quarter.
Insider Activity
In related news, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director owned 4,375 shares of the company’s stock, 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.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on WING
Wingstop Price Performance
Shares of NASDAQ WING opened at $129.21 on Friday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.44 and a beta of 1.86. The business has a 50-day moving average of $174.02 and a 200-day moving average of $225.67. Wingstop Inc. has a fifty-two week low of $116.35 and a fifty-two week high of $388.14.
Wingstop (NASDAQ:WING – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.Wingstop’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. On average, sell-side analysts expect that Wingstop Inc. will post 4.58 EPS for the current year.
Wingstop Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is 29.85%.
Wingstop Company Profile
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.
Featured Stories
- Five stocks we like better than Wingstop
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WING – Free Report).
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.
