Wingstop Inc. (NASDAQ:WING) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Wingstop Inc. (NASDAQ:WINGGet Rating) by 0.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,300 shares of the restaurant operator’s stock after selling 300 shares during the period. Swiss National Bank’s holdings in Wingstop were worth $5,256,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WING. Fifth Third Bancorp lifted its holdings in Wingstop by 11.9% in the 2nd quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 89 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Wingstop by 12.9% during the second quarter. Lindbrook Capital LLC now owns 807 shares of the restaurant operator’s stock worth $60,000 after buying an additional 92 shares in the last quarter. Congress Asset Management Co. MA grew its position in Wingstop by 1.0% in the second quarter. Congress Asset Management Co. MA now owns 9,890 shares of the restaurant operator’s stock worth $739,000 after buying an additional 100 shares during the last quarter. Smith Anglin Financial LLC increased its holdings in shares of Wingstop by 3.8% in the second quarter. Smith Anglin Financial LLC now owns 3,856 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 140 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Wingstop by 0.6% during the 2nd quarter. Retirement Systems of Alabama now owns 39,357 shares of the restaurant operator’s stock valued at $2,943,000 after acquiring an additional 223 shares during the last quarter.

Insider Activity at Wingstop

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

Wingstop Price Performance

NASDAQ WING opened at $158.50 on Friday. The company has a 50 day simple moving average of $141.29 and a 200-day simple moving average of $114.49. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 112.41, a price-to-earnings-growth ratio of 8.73 and a beta of 1.61. Wingstop Inc. has a 52-week low of $67.67 and a 52-week high of $178.68.

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

Wingstop Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WING shares. BMO Capital Markets lifted their target price on Wingstop from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. Wedbush boosted their price objective on Wingstop from $157.00 to $177.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. 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. Robert W. Baird upped their price objective on shares of Wingstop from $150.00 to $175.00 in a research note on Thursday, October 27th. Finally, Citigroup upped their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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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