4,628 Shares in Wingstop Inc. (NASDAQ:WING) Acquired by Hancock Whitney Corp

Hancock Whitney Corp acquired a new position in Wingstop Inc. (NASDAQ:WING) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,628 shares of the restaurant operator’s stock, valued at approximately $1,696,000.

Several other institutional investors also recently modified their holdings of WING. Pacer Advisors Inc. increased its position in shares of Wingstop by 74.3% in the fourth 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 last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Wingstop in the fourth quarter worth approximately $28,000. International Assets Investment Management LLC boosted its stake in Wingstop by 4,651.9% in the fourth quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock worth $329,000 after buying an additional 1,256 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Wingstop by 144.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 972 shares of the restaurant operator’s stock worth $249,000 after buying an additional 574 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Wingstop by 542.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after buying an additional 9,097 shares in the last quarter.

Insiders Place Their Bets

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction on 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 transaction, 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 through the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the transaction, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kilandigalu Madati sold 645 shares of the firm’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 transaction, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,191 shares of company stock worth $2,443,547. 0.36% of the stock is owned by corporate insiders.

Wingstop Stock Performance

Shares of Wingstop stock traded down $7.97 during midday trading on Thursday, reaching $365.91. 273,304 shares of the company’s stock traded hands, compared to its average volume of 462,773. The stock has a 50 day moving average of $394.47 and a 200-day moving average of $360.60. The company has a market cap of $10.72 billion, a PE ratio of 130.48, a price-to-earnings-growth ratio of 4.29 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 posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities analysts anticipate that Wingstop Inc. will post 3.47 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.27 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.30%. Wingstop’s dividend payout ratio is 31.32%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird upped their target price on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Stifel Nicolaus upped their target price on Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Wedbush reaffirmed an “outperform” rating and issued a $425.00 target price on shares of Wingstop in a research note on Friday, July 19th. Jefferies Financial Group increased their price objective on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley increased their price objective on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wingstop presently has a consensus rating of “Hold” and an average price target of $345.58.

About Wingstop

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.