Neuberger Berman Group LLC Acquires 5,351 Shares of Wingstop Inc. (NASDAQ:WING)

Neuberger Berman Group LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,521 shares of the restaurant operator’s stock after acquiring an additional 5,351 shares during the quarter. Neuberger Berman Group LLC owned about 0.11% of Wingstop worth $8,601,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter valued at about $28,000. Headlands Technologies LLC bought a new position in Wingstop in the 3rd quarter valued at about $38,000. FSC Wealth Advisors LLC acquired a new stake in Wingstop during the fourth quarter worth approximately $39,000. SRS Capital Advisors Inc. boosted 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 worth $60,000 after acquiring an additional 178 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Wingstop by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 38 shares during the last quarter.

Insider Activity at Wingstop

In other news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The disclosure for this sale can be found here. Insiders sold 8,132 shares of company stock worth $3,150,183 over the last three months. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WING shares. Wedbush boosted their price target on Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. 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. Truist Financial lifted their price objective on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on shares of Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Wingstop presently has an average rating of “Hold” and an average target price of $330.39.

Wingstop Price Performance

WING stock traded up $2.77 during midday trading on Friday, reaching $383.89. 293,131 shares of the stock were exchanged, compared to its average volume of 475,879. The stock has a market capitalization of $11.25 billion, a PE ratio of 136.62, a P/E/G ratio of 4.92 and a beta of 1.67. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $400.99. The company has a fifty day moving average price of $370.64 and a 200 day moving average price of $309.74.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue was up 34.0% compared to the same quarter last year. As a group, analysts anticipate that Wingstop Inc. will post 3.39 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) 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.