Headlands Technologies LLC Has $235,000 Stake in Wingstop Inc. (NASDAQ:WING)

Headlands Technologies LLC grew its stake in Wingstop Inc. (NASDAQ:WING) by 29.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641 shares of the restaurant operator’s stock after purchasing an additional 146 shares during the period. Headlands Technologies LLC’s holdings in Wingstop were worth $235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WING. Comerica Bank acquired a new stake in Wingstop in the 3rd quarter worth $4,021,000. Worth Asset Management LLC acquired a new position in Wingstop in the fourth quarter valued at about $257,000. Whittier Trust Co. boosted its position in Wingstop by 2.6% in the fourth quarter. Whittier Trust Co. now owns 23,410 shares of the restaurant operator’s stock valued at $6,006,000 after buying an additional 597 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wingstop by 4.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 12,014 shares of the restaurant operator’s stock worth $3,082,000 after acquiring an additional 561 shares during the last quarter. Finally, Legato Capital Management LLC raised its stake in shares of Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 85 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Kilandigalu Madati sold 645 shares of the business’s 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 sale, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other 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 owns 8,170 shares in the company, valued at $3,238,588. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the sale, the director now owns 5,147 shares in the company, valued at approximately $2,036,873.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Stephens restated an “overweight” rating and set a $425.00 target price on shares of Wingstop in a report on Wednesday, May 1st. Morgan Stanley increased their target price on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Bank of America increased their target price on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a 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’s stock. According to data from MarketBeat.com, Wingstop has a consensus rating of “Hold” and a consensus target price of $357.89.

Wingstop Price Performance

NASDAQ:WING traded up $0.47 during mid-day trading on Tuesday, reaching $386.67. The stock had a trading volume of 294,362 shares, compared to its average volume of 450,303. The stock has a 50-day simple moving average of $398.01 and a two-hundred day simple moving average of $351.37. The stock has a market capitalization of $11.33 billion, a PE ratio of 136.35, a P/E/G ratio of 4.80 and a beta of 1.69. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $431.03.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Equities analysts expect that Wingstop Inc. will post 3.42 EPS for the current year.

Wingstop Dividend Announcement

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

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.