Wingstop Inc. (NASDAQ:WING) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Wingstop Inc. (NASDAQ:WING) by 144.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 972 shares of the restaurant operator’s stock after acquiring an additional 574 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wingstop were worth $249,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop during the 4th quarter valued at approximately $28,000. FSC Wealth Advisors LLC purchased a new position in shares of Wingstop during the 4th quarter valued at approximately $39,000. Headlands Technologies LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at approximately $38,000. Coppell Advisory Solutions LLC purchased a new position in shares of Wingstop during the 2nd quarter valued at approximately $48,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 79 shares during the last quarter.

Wingstop Stock Performance

WING stock opened at $370.67 on Wednesday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 157.73, a PEG ratio of 6.48 and a beta of 1.68. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $379.00. The stock’s fifty day moving average is $344.96 and its two-hundred day moving average is $271.99.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. As a group, analysts predict that Wingstop Inc. will post 3 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

Analyst Ratings Changes

WING has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Wedbush raised their price objective on Wingstop from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Sanford C. Bernstein started coverage on Wingstop in a research note on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price objective on the stock. TD Cowen restated a “buy” rating and set a $410.00 price objective on shares of Wingstop in a research note on Wednesday, April 10th. Finally, Morgan Stanley raised their price objective on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Hold” and a consensus target price of $281.00.

Insider Activity

In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Marisa Carona sold 2,586 shares of Wingstop 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 transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was 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 in the company, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,901 shares of company stock valued at $5,120,605. Company insiders own 0.36% of the company’s stock.

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.