UBS Group AG Raises Holdings in Wingstop Inc. $WING

UBS Group AG lifted its holdings in shares of Wingstop Inc. (NASDAQ:WINGFree Report) by 160.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,571 shares of the restaurant operator’s stock after buying an additional 189,883 shares during the period. UBS Group AG’s holdings in Wingstop were worth $73,591,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC raised 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 buying an additional 99 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after buying an additional 95 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after buying an additional 50 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Wingstop during the 3rd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 119 shares in the last quarter.

Wingstop Stock Performance

Shares of WING stock opened at $160.73 on Monday. The stock has a fifty day moving average price of $195.85 and a 200 day moving average price of $233.46. The stock has a market cap of $4.38 billion, a PE ratio of 39.98, a P/E/G ratio of 1.80 and a beta of 1.86. Wingstop Inc. has a 1 year low of $142.24 and a 1 year high of $388.14.

Wingstop (NASDAQ:WINGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.Wingstop’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. As a group, equities research analysts predict that Wingstop Inc. will post 4.57 earnings per share for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.7%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WING shares. Wolfe Research started coverage on Wingstop in a research note on Monday, March 9th. They set an “outperform” rating and a $320.00 target price for the company. Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $325.00 to $240.00 in a research note on Thursday, April 2nd. Royal Bank Of Canada cut their target price on Wingstop from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company cut their target price on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Stephens cut their target price on Wingstop from $300.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $283.79.

Check Out Our Latest Research Report on Wingstop

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Insider Buying and Selling at Wingstop

In related news, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the transaction, the director 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director directly owned 4,375 shares in the company, valued at $1,093,750. The trade was a 11.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.53% of the company’s stock.

Wingstop Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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