Wingstop Inc. (NASDAQ:WING) Stake Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in Wingstop Inc. (NASDAQ:WING) by 323.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233 shares of the restaurant operator’s stock after buying an additional 178 shares during the period. SRS Capital Advisors Inc.’s holdings in Wingstop were worth $60,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop in the 4th quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in shares of Wingstop during the third quarter valued at $38,000. FSC Wealth Advisors LLC bought a new stake in shares of Wingstop during the fourth quarter valued at about $39,000. DekaBank Deutsche Girozentrale acquired a new stake in Wingstop in the third quarter worth about $72,000. Finally, Covestor Ltd grew its position in Wingstop by 330.3% in the 3rd quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock valued at $84,000 after buying an additional 360 shares in the last quarter.

Analyst Ratings Changes

WING has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. TD Cowen restated a “buy” rating and issued a $410.00 target price on shares of Wingstop in a research report on Wednesday. Bank of America lifted their price target on Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark reissued a “hold” rating on shares of Wingstop in a research note on Thursday. Finally, Morgan Stanley lifted their target price on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $330.39.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by company insiders.

Wingstop Stock Up 1.8 %

Shares of Wingstop stock opened at $388.55 on Friday. The stock has a market cap of $11.41 billion, a PE ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $396.00. The business has a fifty day simple moving average of $360.49 and a 200-day simple moving average of $288.72.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 19.64% and a net margin of 16.75%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Analysts expect that Wingstop Inc. will post 3.4 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.23%. Wingstop’s dividend payout ratio is presently 31.32%.

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.