Wingstop Inc. (NASDAQ:WING) Stake Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Wingstop Inc. (NASDAQ:WINGGet Rating) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,152 shares of the restaurant operator’s stock after selling 140 shares during the quarter. State of Alaska Department of Revenue’s holdings in Wingstop were worth $520,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new stake in Wingstop during the 3rd quarter worth about $1,003,000. Pacer Advisors Inc. acquired a new stake in Wingstop during the 3rd quarter worth about $404,000. YorkBridge Wealth Partners LLC acquired a new stake in Wingstop during the 3rd quarter worth about $376,000. BTC Capital Management Inc. acquired a new stake in Wingstop during the 3rd quarter worth about $203,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in Wingstop during the 3rd quarter worth about $700,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WING. Royal Bank of Canada raised their price objective on Wingstop from $115.00 to $145.00 in a research report on Thursday, October 27th. Cowen lifted their price target on Wingstop from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 27th. Stephens lifted their price target on Wingstop from $148.00 to $173.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Barclays reduced their price target on Wingstop from $168.00 to $167.00 and set an “overweight” rating for the company in a report on Thursday, January 5th. Finally, Truist Financial lifted their price target on Wingstop from $125.00 to $132.00 in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.81.

Wingstop Stock Up 0.6 %

Shares of NASDAQ WING opened at $151.30 on Friday. The business’s 50 day moving average is $152.77 and its two-hundred day moving average is $132.12. The company has a market cap of $4.53 billion, a P/E ratio of 107.31, a P/E/G ratio of 6.21 and a beta of 1.62. Wingstop Inc. has a 12 month low of $67.67 and a 12 month high of $170.87.

Wingstop (NASDAQ:WINGGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The restaurant operator reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $92.67 million for the quarter, compared to the consensus estimate of $89.81 million. Wingstop had a negative return on equity of 11.46% and a net margin of 13.01%. Sell-side analysts expect that Wingstop Inc. will post 1.66 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, November 9th. Wingstop’s dividend payout ratio is currently 53.90%.

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 3,827 shares of Wingstop stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $158.98, for a total value of $608,416.46. Following the transaction, the chief executive officer now directly owns 17,070 shares of the company’s stock, valued at approximately $2,713,788.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Albert G. Mcgrath sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $159.77, for a total transaction of $239,655.00. Following the sale, the senior vice president now directly owns 2,357 shares in the company, valued at $376,577.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Skipworth sold 3,827 shares of the business’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 value of $608,416.46. Following the sale, the chief executive officer now owns 17,070 shares in the company, valued at $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 three months. Company insiders own 0.64% of the company’s stock.

Wingstop Company Profile

(Get Rating)

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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