Intech Investment Management LLC Sells 8,871 Shares of Wingstop Inc. $WING

Intech Investment Management LLC lessened its stake in shares of Wingstop Inc. (NASDAQ:WING) by 62.4% during the 3rd quarter, Holdings Channel reports. The fund owned 5,334 shares of the restaurant operator’s stock after selling 8,871 shares during the period. Intech Investment Management LLC’s holdings in Wingstop were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WING. Cornerstone Planning Group LLC lifted its stake in shares of Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 buying an additional 119 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Wingstop by 623.8% in the 2nd quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 131 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Wingstop by 75.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 204 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 88 shares in the last quarter.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the sale, the director directly owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 566 shares of the stock in a transaction dated 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 directly owned 4,375 shares in the company, valued at $1,093,750. This represents a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is owned by corporate insiders.

Wingstop Price Performance

Shares of WING stock opened at $229.17 on Friday. The business has a fifty day moving average of $259.37 and a 200 day moving average of $261.34. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.58 and a beta of 1.82.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The business had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, March 6th. Wingstop’s payout ratio is presently 19.42%.

Analyst Ratings Changes

Several research firms recently commented on WING. Benchmark reiterated a “buy” rating on shares of Wingstop in a research note on Thursday, February 19th. Morgan Stanley lowered their target price on shares of Wingstop from $363.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. DA Davidson started coverage on shares of Wingstop in a report on Friday. They issued a “buy” rating and a $330.00 price target on the stock. Citigroup upped their price target on Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Melius Research set a $350.00 price objective on Wingstop in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $335.86.

Wingstop 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.