Sei Investments Co. Sells 17,796 Shares of Wingstop Inc. (NASDAQ:WING)

Sei Investments Co. decreased its position in Wingstop Inc. (NASDAQ:WING) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,959 shares of the restaurant operator’s stock after selling 17,796 shares during the quarter. Sei Investments Co. owned approximately 0.34% of Wingstop worth $36,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of Wingstop in the first quarter valued at approximately $29,000. FSC Wealth Advisors LLC bought a new position in shares of Wingstop in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Wingstop in the fourth quarter valued at approximately $47,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. The Goldman Sachs Group started coverage on shares of Wingstop in a research report on Thursday, June 13th. They set a “neutral” rating and a $407.00 target price on the stock. Barclays boosted their target price on shares of Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Jefferies Financial Group boosted their target price on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Truist Financial boosted their target price on shares of Wingstop from $393.00 to $407.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Wingstop currently has an average rating of “Hold” and a consensus price target of $353.17.

Wingstop Trading Up 2.2 %

NASDAQ WING traded up $8.27 on Monday, hitting $386.20. 479,436 shares of the company were exchanged, compared to its average volume of 451,465. The firm has a 50 day moving average of $398.20 and a two-hundred day moving average of $350.46. The company has a market cap of $11.32 billion, a P/E ratio of 137.37, a P/E/G ratio of 4.80 and a beta of 1.69. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $431.03.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Research analysts anticipate that Wingstop Inc. will post 3.42 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is 31.32%.

Insider Buying and Selling

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Wingstop news, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $394.57, for a total transaction of $295,927.50. Following the transaction, the director now directly owns 3,567 shares in the company, valued at approximately $1,407,431.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. Insiders have sold a total of 6,191 shares of company stock worth $2,443,547 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Wingstop 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.