Securian Asset Management Inc. Has $989,000 Stock Position in Wingstop Inc. (NASDAQ:WING)

Securian Asset Management Inc. lowered its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,339 shares of the restaurant operator’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Wingstop were worth $989,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Wingstop by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after acquiring an additional 104,780 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after buying an additional 101,917 shares during the last quarter. Federated Hermes Inc. increased its position in Wingstop by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock worth $284,253,000 after buying an additional 19,540 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Wingstop by 155.7% in the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after purchasing an additional 531,880 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Wingstop during the fourth quarter valued at $103,899,000.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the sale, the director now directly owns 5,147 shares in the company, valued at approximately $2,036,873.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the transaction, the director now directly 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 available at this link. Also, Director Ania Smith sold 566 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the completion of the transaction, the director now directly owns 1,164 shares in the company, valued at $443,379.24. The disclosure for this sale can be found here. Insiders have sold 4,410 shares of company stock worth $1,663,147 in the last ninety days. 0.36% of the stock is owned by insiders.

Wingstop Trading Up 0.1 %

WING traded up $0.41 on Monday, reaching $371.89. The stock had a trading volume of 202,572 shares, compared to its average volume of 462,873. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $431.03. The business’s 50-day moving average price is $391.89 and its two-hundred day moving average price is $365.71. The company has a market cap of $10.90 billion, a P/E ratio of 132.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.70.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. As a group, analysts predict that Wingstop Inc. will post 3.7 earnings per share for the current year.

Wingstop Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.29%. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. Wingstop’s payout ratio is presently 31.32%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Jefferies Financial Group lifted their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Stephens reiterated an “overweight” rating and issued a $456.00 price objective on shares of Wingstop in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $377.53.

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.