Advisors Asset Management Inc. Has $210,000 Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Advisors Asset Management Inc. lowered its position in shares of Wingstop Inc. (NASDAQ:WINGGet Rating) by 35.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,813 shares of the restaurant operator’s stock after selling 1,554 shares during the quarter. Advisors Asset Management Inc.’s holdings in Wingstop were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WING. Allspring Global Investments Holdings LLC increased its position in shares of Wingstop by 290.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 834,752 shares of the restaurant operator’s stock valued at $62,413,000 after acquiring an additional 621,035 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Wingstop by 20.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 840,100 shares of the restaurant operator’s stock worth $62,814,000 after purchasing an additional 142,698 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Wingstop by 5.9% during the 1st quarter. American Century Companies Inc. now owns 1,948,040 shares of the restaurant operator’s stock worth $228,603,000 after purchasing an additional 108,916 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Wingstop by 38.5% in the 2nd quarter. Copeland Capital Management LLC now owns 390,132 shares of the restaurant operator’s stock valued at $29,170,000 after buying an additional 108,511 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Wingstop in the second quarter valued at $6,266,000.

Analyst Upgrades and Downgrades

WING has been the subject of a number of analyst reports. OTR Global raised shares of Wingstop from a “mixed” rating to a “positive” rating in a research report on Wednesday, October 19th. BTIG Research lifted their price target on Wingstop from $145.00 to $170.00 in a report on Thursday, October 27th. Barclays upped their price objective on Wingstop from $144.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, October 27th. Stephens lifted their target price on Wingstop from $148.00 to $173.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 26th. Finally, Citigroup increased their price target on Wingstop from $150.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.06.

Wingstop Trading Down 1.8 %

NASDAQ WING opened at $157.33 on Tuesday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 111.58, a PEG ratio of 8.85 and a beta of 1.61. The company has a 50 day moving average of $140.12 and a 200-day moving average of $113.35. Wingstop Inc. has a 1-year low of $67.67 and a 1-year high of $178.68.

Wingstop (NASDAQ:WINGGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The restaurant operator reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $92.67 million for the quarter, compared to analyst estimates of $89.81 million. Wingstop had a negative return on equity of 11.46% and a net margin of 13.01%. On average, equities research analysts forecast that Wingstop Inc. will post 1.65 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Wingstop’s payout ratio is 53.90%.

Insider Buying and Selling at Wingstop

In other news, EVP Stacy Peterson sold 6,427 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $160.25, for a total transaction of $1,029,926.75. Following the completion of the sale, the executive vice president now owns 2,004 shares of the company’s stock, valued at approximately $321,141. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Wingstop news, EVP Stacy Peterson sold 6,427 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $160.25, for a total value of $1,029,926.75. Following the sale, the executive vice president now owns 2,004 shares of the company’s stock, valued at approximately $321,141. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Skipworth sold 3,827 shares of Wingstop stock in a transaction on Monday, October 31st. The shares were sold at an average price of $158.98, for a total value of $608,416.46. Following the completion of the transaction, the chief executive officer now owns 17,070 shares in the company, valued at approximately $2,713,788.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,754 shares of company stock valued at $1,877,998 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wingstop Profile

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Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

See Also

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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