Family Firm Inc. Buys New Holdings in Wingstop Inc. (NASDAQ:WING)

Family Firm Inc. purchased a new position in shares of Wingstop Inc. (NASDAQ:WING) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 147 shares of the restaurant operator’s stock, valued at approximately $62,000.

A number of other large investors have also bought and sold shares of WING. Rise Advisors LLC bought a new stake in shares of Wingstop in the first quarter worth about $29,000. Massmutual Trust Co. FSB ADV lifted its holdings in Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares during the period. GAMMA Investing LLC grew its position in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Wingstop during the fourth quarter valued at approximately $47,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Wingstop by 323.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 178 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $475.00 price target on shares of Wingstop in a report on Wednesday, August 14th. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus lifted their price objective on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, TD Cowen reissued a “buy” rating and issued a $450.00 target price on shares of Wingstop in a research report on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $378.65.

Wingstop Price Performance

WING opened at $403.89 on Friday. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $431.03. The stock has a 50-day moving average price of $389.75 and a 200-day moving average price of $372.17. The firm has a market cap of $11.83 billion, a PE ratio of 143.73, a P/E/G ratio of 3.86 and a beta of 1.70.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. During the same period in the previous year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wingstop Inc. will post 3.75 EPS for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.27%. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. Wingstop’s dividend payout ratio (DPR) is currently 38.43%.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction on 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 directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Kilandigalu Madati sold 645 shares of Wingstop stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,147 shares in the company, valued at $2,036,873.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

About Wingstop

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.