Advisors Asset Management Inc. Buys 647 Shares of Wingstop Inc. (NASDAQ:WING)

Advisors Asset Management Inc. lifted its stake in Wingstop Inc. (NASDAQ:WING) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,499 shares of the restaurant operator’s stock after acquiring an additional 647 shares during the period. Advisors Asset Management Inc.’s holdings in Wingstop were worth $1,648,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WING. McGlone Suttner Wealth Management Inc. purchased a new stake in Wingstop during the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in shares of Wingstop during the first quarter worth $29,000. GAMMA Investing LLC increased its position in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Wingstop during the 4th quarter valued at $47,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Wingstop by 323.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 178 shares in the last quarter.

Insider Activity

In related news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ania Smith sold 566 shares of Wingstop stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now owns 1,164 shares in the company, valued at $443,379.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the transaction, the director now owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The disclosure for this sale can be found here. Insiders have sold 6,191 shares of company stock worth $2,443,547 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Wingstop Trading Up 1.7 %

Shares of NASDAQ:WING opened at $366.36 on Friday. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $431.03. The business has a 50 day moving average of $394.85 and a two-hundred day moving average of $358.35. The company has a market capitalization of $10.73 billion, a PE ratio of 130.38, a PEG ratio of 4.18 and a beta of 1.69.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Equities research analysts predict that Wingstop Inc. will post 3.47 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Analysts Set New Price Targets

A number of research firms have commented on WING. Barclays increased their price target on Wingstop from $350.00 to $418.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. TD Cowen boosted their target price on shares of Wingstop from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group upped their price target on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley lifted their price objective on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $357.89.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.