Wingstop Inc. (NASDAQ:WING) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in Wingstop Inc. (NASDAQ:WING – Get Rating) by 59.2% in the 4th quarter, HoldingsChannel reports. The firm owned 31,569 shares of the restaurant operator’s stock after purchasing an additional 11,739 shares during the period. Raymond James & Associates’ holdings in Wingstop were worth $4,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WING. PFS Investments Inc. acquired a new position in Wingstop in the third quarter valued at $1,770,000. TD Asset Management Inc. lifted its holdings in shares of Wingstop by 0.5% during the 3rd quarter. TD Asset Management Inc. now owns 264,458 shares of the restaurant operator’s stock worth $33,293,000 after acquiring an additional 1,399 shares during the period. Profund Advisors LLC acquired a new stake in shares of Wingstop in the third quarter worth approximately $213,000. National Bank of Canada FI grew its holdings in Wingstop by 39.8% in the fourth quarter. National Bank of Canada FI now owns 12,378 shares of the restaurant operator’s stock valued at $1,703,000 after purchasing an additional 3,524 shares during the period. Finally, Independent Advisor Alliance acquired a new position in Wingstop during the third quarter worth approximately $226,000.

Insider Activity

In related news, CEO Michael Skipworth sold 4,910 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $208.21, for a total transaction of $1,022,311.10. Following the completion of the transaction, the chief executive officer now directly owns 19,242 shares in the company, valued at approximately $4,006,376.82. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Wingstop news, SVP Donnie Upshaw sold 1,088 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $172.50, for a total transaction of $187,680.00. Following the completion of the transaction, the senior vice president now directly owns 6,007 shares of the company’s stock, valued at approximately $1,036,207.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Skipworth sold 4,910 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $208.21, for a total transaction of $1,022,311.10. Following the completion of the sale, the chief executive officer now owns 19,242 shares in the company, valued at approximately $4,006,376.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,360 shares of company stock valued at $1,669,273. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Cowen lifted their price target on shares of Wingstop from $180.00 to $200.00 in a report on Thursday, February 23rd. Jefferies Financial Group downgraded Wingstop from a “hold” rating to an “underperform” rating and set a $160.00 price target for the company. in a research report on Monday, March 27th. BMO Capital Markets raised their price objective on Wingstop from $190.00 to $210.00 in a report on Monday, May 8th. Robert W. Baird boosted their target price on Wingstop from $195.00 to $225.00 in a report on Monday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Wingstop from $148.00 to $161.00 in a report on Friday, February 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $191.50.

Wingstop Trading Up 1.7 %

Shares of WING opened at $205.92 on Thursday. Wingstop Inc. has a 52 week low of $68.89 and a 52 week high of $223.77. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 102.96, a PEG ratio of 4.84 and a beta of 1.60. The stock has a 50 day moving average of $192.49 and a 200-day moving average of $169.82.

Wingstop (NASDAQ:WING – Get Rating) last released its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. Wingstop had a net margin of 15.37% and a negative return on equity of 15.81%. The firm had revenue of $108.70 million during the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, sell-side analysts predict that Wingstop Inc. will post 2.09 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.76 dividend on an annualized basis and a yield of 0.37%. Wingstop’s payout ratio is currently 38.00%.

About Wingstop

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Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company was founded in 1994 and is headquartered in Addison, TX.