Danske Bank A S Sells 14,266 Shares of Wingstop Inc. $WING

Danske Bank A S lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 97.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 300 shares of the restaurant operator’s stock after selling 14,266 shares during the quarter. Danske Bank A S’s holdings in Wingstop were worth $72,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WING. Cornerstone Planning Group LLC raised its position in shares of Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Wingstop by 54.3% during the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Wingstop during the third quarter worth $47,000. Finally, Geneos Wealth Management Inc. raised 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 worth $49,000 after acquiring an additional 119 shares during the last quarter.

Insider Transactions at Wingstop

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of the business’s 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 completion of the transaction, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 2,700 shares of the business’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 transaction, the director directly owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is currently owned by insiders.

Wingstop Trading Down 7.3%

NASDAQ WING opened at $134.88 on Friday. The stock has a 50-day simple moving average of $189.27 and a 200 day simple moving average of $231.16. The company has a market capitalization of $3.67 billion, a PE ratio of 33.55, a P/E/G ratio of 1.63 and a beta of 1.86. Wingstop Inc. has a 12 month low of $133.70 and a 12 month high of $388.14.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The firm had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same period in the previous year, the firm earned $0.99 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Wingstop Inc. will post 4.58 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. Wingstop’s payout ratio is presently 29.85%.

Analysts Set New Price Targets

A number of research firms recently commented on WING. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Wingstop in a report on Monday, April 20th. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. UBS Group dropped their price objective on Wingstop from $295.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Wolfe Research began coverage on Wingstop in a report on Monday, March 9th. They issued an “outperform” rating and a $320.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.41.

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.