Baird Financial Group Inc. Increases Stock Position in Wingstop Inc. (NASDAQ:WING)

Baird Financial Group Inc. raised its holdings in Wingstop Inc. (NASDAQ:WINGGet Rating) by 76.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,996 shares of the restaurant operator’s stock after purchasing an additional 1,733 shares during the period. Baird Financial Group Inc.’s holdings in Wingstop were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WING. Comerica Bank lifted its holdings in shares of Wingstop by 2.3% in the first quarter. Comerica Bank now owns 14,648 shares of the restaurant operator’s stock valued at $1,546,000 after purchasing an additional 323 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Wingstop by 2.0% in the first quarter. Mutual of America Capital Management LLC now owns 27,201 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 526 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Wingstop by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,613 shares of the restaurant operator’s stock valued at $5,470,000 after purchasing an additional 3,293 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Wingstop by 1.3% in the first quarter. Stephens Investment Management Group LLC now owns 697,402 shares of the restaurant operator’s stock valued at $81,840,000 after purchasing an additional 8,875 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Wingstop by 3.9% in the first quarter. Advisor Group Holdings Inc. now owns 7,755 shares of the restaurant operator’s stock valued at $866,000 after purchasing an additional 289 shares in the last quarter.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $159.77, for a total value of $239,655.00. Following the completion of the sale, the senior vice president now owns 2,357 shares of the company’s stock, valued at $376,577.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Albert G. Mcgrath sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $159.77, for a total transaction of $239,655.00. Following the completion of the sale, the senior vice president now owns 2,357 shares of the company’s stock, valued at $376,577.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Skipworth sold 3,827 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $158.98, for a total transaction of $608,416.46. Following the sale, the chief executive officer now directly owns 17,070 shares of the company’s stock, valued at approximately $2,713,788.60. The disclosure for this sale can be found here. Insiders sold 11,754 shares of company stock valued at $1,877,998 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Wingstop Stock Up 0.4 %

Shares of NASDAQ:WING opened at $158.03 on Wednesday. Wingstop Inc. has a 52-week low of $67.67 and a 52-week high of $178.68. The company has a 50 day moving average of $140.47 and a two-hundred day moving average of $113.87. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 112.08, a price-to-earnings-growth ratio of 8.85 and a beta of 1.61.

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

Wingstop Announces Dividend

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 9th. Wingstop’s dividend payout ratio (DPR) is 53.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WING shares. Cowen upped their price objective on shares of Wingstop from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 27th. Cowen upped their price objective on shares of Wingstop from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 27th. Truist Financial upped their price objective on shares of Wingstop from $125.00 to $132.00 in a research note on Thursday, October 27th. The Goldman Sachs Group upped their price objective on shares of Wingstop from $141.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Finally, StockNews.com began coverage on shares of Wingstop in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.06.

About Wingstop

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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.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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