Ontario Teachers Pension Plan Board Buys 1,921 Shares of Wingstop Inc. (NASDAQ:WING)

Ontario Teachers Pension Plan Board grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 22.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,420 shares of the restaurant operator’s stock after buying an additional 1,921 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Wingstop were worth $3,818,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. lifted its position in Wingstop by 2.6% in the 4th quarter. Whittier Trust Co. now owns 23,410 shares of the restaurant operator’s stock worth $6,006,000 after buying an additional 597 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Wingstop by 4.9% in the 4th 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. Legato Capital Management LLC boosted its stake in shares of Wingstop by 5.6% in the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 85 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Wingstop during the 4th quarter valued at $39,000. Finally, Pacer Advisors Inc. raised its position in Wingstop by 74.3% in the 4th quarter. Pacer Advisors Inc. now owns 4,420 shares of the restaurant operator’s stock worth $1,134,000 after purchasing an additional 1,884 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on WING shares. Truist Financial upped their price target on shares of Wingstop from $393.00 to $407.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Benchmark restated a “hold” rating on shares of Wingstop in a report on Thursday, May 2nd. The Goldman Sachs Group began coverage on Wingstop in a research report on Thursday, June 13th. They issued a “neutral” rating and a $407.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, TD Cowen upped their price target on shares of Wingstop from $430.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of “Hold” and a consensus target price of $357.89.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Ania Smith sold 566 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now directly owns 1,164 shares of the company’s stock, valued at $443,379.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred 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 owns 8,170 shares in the company, valued at $3,238,588. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ania Smith sold 566 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total transaction of $215,595.06. Following the completion of the transaction, the director now owns 1,164 shares of the company’s stock, valued at $443,379.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,191 shares of company stock valued at $2,443,547. Corporate insiders own 0.36% of the company’s stock.

Wingstop Stock Up 3.6 %

Shares of NASDAQ:WING traded up $13.35 during trading on Monday, hitting $382.66. The stock had a trading volume of 392,740 shares, compared to its average volume of 453,667. The company has a market capitalization of $11.21 billion, a PE ratio of 134.56, a PEG ratio of 4.23 and a beta of 1.69. The firm’s fifty day moving average is $396.13 and its 200 day moving average is $354.72. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $431.03.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business 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 company earned $0.59 earnings per share. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. Equities research analysts expect that Wingstop Inc. will post 3.46 EPS for the current fiscal year.

Wingstop Announces Dividend

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