Whittier Trust Co. of Nevada Inc. Acquires 474 Shares of Wingstop Inc. (NASDAQ:WING)

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,918 shares of the restaurant operator’s stock after purchasing an additional 474 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Wingstop were worth $5,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capstone Investment Advisors LLC lifted its position in Wingstop by 235.2% during the fourth quarter. Capstone Investment Advisors LLC now owns 10,825 shares of the restaurant operator’s stock valued at $2,777,000 after purchasing an additional 7,596 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Wingstop during the first quarter valued at $1,355,000. Goldman Sachs Group Inc. lifted its position in Wingstop by 14.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock valued at $71,827,000 after purchasing an additional 36,017 shares during the last quarter. Axiom Investors LLC DE bought a new position in Wingstop during the fourth quarter valued at $11,006,000. Finally, Virtu Financial LLC purchased a new stake in shares of Wingstop in the fourth quarter valued at $807,000.

Insider Buying and Selling

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the sale, the senior vice president now directly owns 97 shares in the company, valued at approximately $36,152.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the transaction, the director now directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Wingstop Trading Up 0.7 %

Shares of NASDAQ:WING traded up $2.81 during trading on Thursday, reaching $391.03. The stock had a trading volume of 94,415 shares, compared to its average volume of 453,146. Wingstop Inc. has a one year low of $150.08 and a one year high of $431.03. The company has a market capitalization of $11.46 billion, a P/E ratio of 139.79, a PEG ratio of 4.07 and a beta of 1.70. The firm’s 50-day simple moving average is $388.25 and its 200 day simple moving average is $374.39.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up 45.3% compared to the same quarter last year. Equities research analysts forecast that Wingstop Inc. will post 3.75 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 dividend on an annualized basis and a yield of 0.28%. Wingstop’s dividend payout ratio (DPR) is 38.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WING. Stifel Nicolaus increased their target price on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Piper Sandler increased their target price on shares of Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Citigroup increased their target price on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Bank of America increased their target price on shares of Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $378.65.

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.