107 Shares in Wingstop Inc. (NASDAQ:WING) Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop Inc. (NASDAQ:WINGFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 107 shares of the restaurant operator’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Wingstop in the third quarter worth $38,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the fourth quarter worth $39,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Wingstop in the second quarter worth $48,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Wingstop in the third quarter worth $72,000.

Wingstop Price Performance

NASDAQ WING opened at $366.40 on Monday. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $375.32. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 155.92, a price-to-earnings-growth ratio of 6.53 and a beta of 1.69. The company’s fifty day moving average price is $325.91 and its two-hundred day moving average price is $256.18.

Wingstop (NASDAQ:WINGGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts anticipate that Wingstop Inc. will post 2.98 EPS for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.24%. Wingstop’s payout ratio is currently 37.45%.

Insider Transactions at Wingstop

In other news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, the senior vice president now directly owns 1,646 shares in the company, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at approximately $612,246.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wedbush increased their price objective on shares of Wingstop from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stephens reissued an “overweight” rating and issued a $330.00 price objective on shares of Wingstop in a research report on Wednesday, February 21st. Truist Financial increased their price objective on shares of Wingstop from $263.00 to $292.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. TD Cowen increased their price objective on shares of Wingstop from $355.00 to $410.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Benchmark restated a “hold” rating on shares of Wingstop in a research note on Monday, December 11th. 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, the company presently has an average rating of “Hold” and an average target price of $260.11.

Get Our Latest Analysis on Wingstop

Wingstop Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WINGFree Report).

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.