Nuveen Asset Management LLC Has $15.03 Million Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Nuveen Asset Management LLC trimmed its holdings in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,827 shares of the restaurant operator’s stock after selling 2,249 shares during the quarter. Nuveen Asset Management LLC owned about 0.40% of Wingstop worth $15,029,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. James Investment Research Inc. acquired a new position in Wingstop during the third quarter worth $30,000. Wipfli Financial Advisors LLC acquired a new position in Wingstop during the third quarter worth $47,000. IFP Advisors Inc increased its position in Wingstop by 535.0% during the third quarter. IFP Advisors Inc now owns 635 shares of the restaurant operator’s stock worth $51,000 after buying an additional 535 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Wingstop by 11.9% in the second quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 89 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Wingstop in the first quarter valued at about $164,000.

Wingstop Stock Down 0.4 %

Shares of NASDAQ WING opened at $172.90 on Tuesday. The company’s fifty day moving average is $156.51 and its 200-day moving average is $146.72. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 97.68, a P/E/G ratio of 4.56 and a beta of 1.59. Wingstop Inc. has a twelve month low of $67.67 and a twelve month high of $193.74.

Wingstop (NASDAQ:WING – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The restaurant operator reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.18. The company had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.96 million. Wingstop had a net margin of 14.81% and a negative return on equity of 13.52%. The business’s quarterly revenue was up 45.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, research analysts anticipate that Wingstop Inc. will post 1.9 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a $0.19 dividend. The ex-dividend date is Thursday, March 9th. This represents a $0.76 annualized dividend and a yield of 0.44%. Wingstop’s dividend payout ratio is currently 42.94%.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 1,088 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $172.50, for a total value of $187,680.00. Following the sale, the senior vice president now directly owns 6,007 shares of the company’s stock, valued at approximately $1,036,207.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Wingstop news, Director Krishnan Anand sold 862 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $173.21, for a total transaction of $149,307.02. Following the sale, the director now directly owns 3,639 shares of the company’s stock, valued at approximately $630,311.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Donnie Upshaw sold 1,088 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $172.50, for a total transaction of $187,680.00. Following the sale, the senior vice president now directly owns 6,007 shares in the company, valued at $1,036,207.50. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WING. Truist Financial raised their price target on Wingstop from $132.00 to $162.00 in a research report on Thursday, February 23rd. Barclays increased their target price on shares of Wingstop from $167.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Royal Bank of Canada increased their target price on shares of Wingstop from $150.00 to $172.00 and gave the company a “sector perform” rating in a research note on Thursday, February 23rd. UBS Group increased their target price on shares of Wingstop from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Finally, Robert W. Baird increased their target price on shares of Wingstop from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $172.82.

Wingstop Profile

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Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.