Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Wingstop Inc. (NASDAQ:WING)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Wingstop Inc. (NASDAQ:WING) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,548 shares of the restaurant operator’s stock after buying an additional 563 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wingstop were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in shares of Wingstop during the third quarter valued at $38,000. FSC Wealth Advisors LLC purchased a new stake in shares of Wingstop during the fourth quarter valued at $39,000. DekaBank Deutsche Girozentrale bought a new stake in Wingstop in the 3rd quarter worth about $72,000. Finally, Covestor Ltd raised its position in Wingstop by 330.3% in the 3rd quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock worth $84,000 after buying an additional 360 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction on 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 owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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 approximately $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 in the last three months. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WING has been the topic of a number of recent analyst reports. Stephens began coverage on shares of Wingstop in a report on Friday, April 12th. They set an “overweight” rating and a $425.00 price target on the stock. BMO Capital Markets lifted their target price on shares of Wingstop from $235.00 to $275.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Morgan Stanley boosted their target price on shares of Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Benchmark restated a “hold” rating on shares of Wingstop in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Eleven equities research 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, Wingstop currently has an average rating of “Hold” and a consensus price target of $290.83.

Wingstop Price Performance

Shares of WING stock opened at $362.74 on Thursday. Wingstop Inc. has a one year low of $150.08 and a one year high of $379.00. The company’s fifty day moving average price is $351.10 and its 200-day moving average price is $278.19. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 154.36, a PEG ratio of 6.30 and a beta of 1.68.

Wingstop (NASDAQ:WING) last issued 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 negative return on equity of 17.66% and a net margin of 15.25%. The business had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. During the same quarter in the prior year, the business posted $0.60 EPS. Wingstop’s revenue for the quarter was up 21.2% compared to the same quarter last year. Equities research analysts expect that Wingstop Inc. will post 3.02 earnings per share for the current fiscal year.

Wingstop Announces Dividend

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

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.